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<DIV dir=ltr align=left><SPAN class=567241808-03092009><FONT face=Arial><FONT
size=2><STRONG>Background</STRONG></FONT></FONT></SPAN></DIV></DIV>
<DIV><SPAN class=567241808-03092009><FONT size=2 face=Arial>Under the adopted
Commercial Stakeholder Group (CSG) charter the CSG has six seats
on the new Council starting in October in Seoul. It has been agreed between
the three constituencies in the CSG that each Constituency will select two seats
until further notice. It has been agreed within Council that Council members
with terms that are unfinished will remain in place until the natural end of
their term. This maintains the continuity benefits of elections in staggered
years. For the BC this means that Mike Rodenbaugh, who was elected by the BC for
the period October 2008 - October 2010, will be one of our Councillors for
the next 12 months. Under our existing BC Charter we would in any case be
holding elections for the seats currently held by Philip Sheppard and Zahid
Jamil in September. </FONT></SPAN></DIV>
<DIV><SPAN class=567241808-03092009></SPAN> </DIV>
<DIV><SPAN class=567241808-03092009></SPAN><SPAN class=567241808-03092009><FONT
size=2 face=Arial><STRONG>Developments</STRONG></FONT></SPAN></DIV>
<DIV><SPAN class=567241808-03092009><FONT face=Arial><FONT size=2>BC Charter
discussion looks like it may take some time and risks us not replacing our
representative if we wait until discussion has finished.<SPAN
class=921590708-16092009> </SPAN></FONT></FONT></SPAN></DIV>
<DIV><SPAN class=567241808-03092009><FONT face=Arial><FONT size=2><SPAN
class=921590708-16092009>We anyway have longer to discuss this than the
necessary timing of the election for
Council. </SPAN></FONT></FONT></SPAN></DIV>
<DIV><SPAN class=567241808-03092009><FONT size=2 face=Arial>It is not necessary
to hold the election under a revised Charter. We just need to have a selection
mechanism.</FONT></SPAN></DIV>
<DIV><SPAN class=567241808-03092009><FONT size=2
face=Arial></FONT></SPAN> </DIV>
<DIV><SPAN class=567241808-03092009><FONT size=2 face=Arial><STRONG>Way
forward</STRONG></FONT></SPAN></DIV>
<DIV><SPAN class=567241808-03092009><FONT size=2 face=Arial>We therefore intend
to hold an election under our existing Charter for <SPAN
class=921590708-16092009> the </SPAN>seat <SPAN
class=921590708-16092009>presently held by Zahid Jamil </SPAN>for the term
October 2009 - October 2011. </FONT></SPAN></DIV>
<DIV><SPAN class=567241808-03092009><FONT face=Arial><FONT size=2>To avoid
confusion this election will take place shortly after the <SPAN
class=921590708-16092009> current </SPAN>election for the remaining
nominating committee position.<SPAN
class=921590708-16092009> </SPAN></FONT></FONT></SPAN></DIV>
<DIV><SPAN class=567241808-03092009><FONT face=Arial><FONT size=2><SPAN
class=921590708-16092009>The third seat currently held by Philip Sheppard will
not be continued after the end of his term of
office. </SPAN></FONT></FONT></SPAN></DIV>
<DIV><SPAN class=567241808-03092009><FONT size=2
face=Arial></FONT></SPAN> </DIV>
<DIV><SPAN class=567241808-03092009><FONT size=2 face=Arial>Zahid
Jamil</FONT></SPAN></DIV>
<DIV><SPAN class=567241808-03092009><FONT size=2 face=Arial>Mike
Rodenbaugh</FONT></SPAN></DIV>
<DIV><SPAN class=567241808-03092009><FONT size=2 face=Arial>Philip
Sheppard</FONT></SPAN></DIV>
<DIV><SPAN class=567241808-03092009><FONT size=2
face=Arial></FONT></SPAN> </DIV>
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