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GAVI Alliance Audit and Finance Committee Meeting
11 April 2012
AFC -2012 -Mtg -01 1




GAVI Alliance Audit and Finance Committee Meeting
11 April 201 2
Washington, DC, USA


FINAL M INUTES

1. Commencement

1.1 Finding a quorum of members present, the meeting commenced at 1 0.04
Washington time on 11 April 2012 . Wayne Berson, Audit and Finance
Committee Chair, chaired the meeting.

1.2 Standing declarations of interest were tabled to the Committee (Doc 1a in the
Committee pack).

1.3 The C ommittee reviewed the minutes of its meetings on 28 October 2011
(Doc 1b) and 3 November 2011 (Docs 1c). In addition, t he Committee
reviewed its action sheet (Doc 1d) and its forward workplan (Doc 1e).

Decision One

The GAVI Alliance Audit and Finance Committee:

? Approved the minutes of its meetings on:
o 28 October 2011
o 3 November 2011 .

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2. KPMG audit strategy

2.1 Pierre -Henri Pingeon and Karina Vartanova from GAVI? s external auditor
KPMG outlined their plan and strategy for the audit of the 2011 Annual
Financial Report (Doc 2). They highlighted the purposes and objectives of the
audit; key dates, deliverables, and audit areas; and risks.

Discussion

? KPMG confirmed that the audit of the financials for the IFFIm Company, which
are consolidated into GAVI?s financials, had not yet commenced.


 

.......
GAVI Alliance Governance Committee Meeting
10 April 2012
Gov -201 2-Mtg -1 1




GAVI Alliance Governance Committee Meeting
10 April 2012
Teleconference


FINAL M INUTES


1. Chair?s report

1.1 Finding a quorum of members present, the meeting commenced at 17.00
Geneva time on 10 April 201 2. Geeta Rao Gupta , Governance Committee
Chair , chaired the meeting .

1.2 Standing declarations of interest were tabled to the Committee (Doc 1 in the
Committee pack).

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2. N ominations

2.1 Kevin A. Klock, Head of Governance and Assistant Secretary , tabled
nominations for seats on the Board and the Programme and Policy
Committee (Doc 2). After Ronald Brus stepped down as CEO of Crucell, he
decided he would step down from the GAVI Board as well. This triggered the
industrialise d country vaccine industry?s nominations process, and resulted in
the recommendation of Johan Van Hoof, new Managing Director of Crucell.
Also, the constituency decided to replace its PPC member, but determined it
would still be represented by a senior emp loyee of Novartis.

2.2 George W. Wellde, Jr, Chair of the Recruitment Subcommittee , commented
on the identification of the unaffiliated Board member candidates, reviewing
the search process for persons with the right skills and attributes . Several
excellent c andidates had emerged some time ago but both the Subcommittee
and the candidates felt it was appropriate to ensure that the CEO was in place
prior to moving nominations forward. George Wellde noted that Her Royal
Highness Princess Cristina is well known to the Board and a public champion
of GAVI. Maria Freire has a strong background in vaccines, a characteristic
previously missing among the unaffiliated Board members. Yifei Li is a very
accomplished businessperson and can help open relationships in the Far
East .


 

.......
GAVI Alliance Investment Committee Meeting
28 March 2012
Inv -2012 -Mtg -1 1




GAVI Alliance Investment Committee Meeting
28 March 2012
New York, NY USA


FINAL MINUTES

1. Chair?s report

1.1 Finding a quorum of members present, the meeting commenced at 8.42 New
York time on 28 March 2012 . George W. Wellde, Jr , Investment Committee
Chair , chaired the meeting .

1.2 Standing declarations of interest were tabled to the Committee (Doc 1a in the
Committee pack).

1.3 The Committee reviewed the minutes of it s meeting on 21 September 2011
(Doc 1b) , noting the discussion on the security control agreement that backs
a vaccine procurement deal with UNICEF and its implications on GAVI?s
ability to optimally invest funds. The Chair reported productive conversations
with UNICEF on this matter.

1.4 The Committee reviewed its action sheet (Doc 1c) and forward workplan (Doc
1d ).

Decision One

The GAVI Alliance Investment Committee :

? Approved the minutes of its meeting on 21 September 2011.

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2. Portfolio overview

2.1 Jeanne Shen, Chief Investment Officer, provided an overview of the portfolio,
highlighting 2011 sector returns ; portfolio returns; peer comparisons of net
returns ; asset class allocation ; the cash and short -term portfolio performance;
and long -term portfolio sector allocation , credit quality, and liquidity (Doc 2). In
addition, she reviewed the Secretariat?s outlook for inflation levels and its
strategies for addres sing inflation risk. Finally, she reviewed the accounting
implications of certain asset classes and reported the results of the latest
Socially Responsible Investing (SRI) screen ing .
Discussion

 

Evaluation Advisory Committee Meeting
13 February 2012
EAC -2012 -Mtg -2 1



GAVI Alliance Evaluation Advisory Committee Meeting
13 February 2012
Teleconference

FINAL MINUTES


Introduction and welcome

Finding a quorum of members present, the meeting commenced at 13.11 Geneva
time on 13 February 2012 . Sania Nishtar, Committee Chair , chaired the meeting.

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1. Full country evaluations

1.1 Peter Hansen, Director of Monitoring & Evaluation, presented an update on
developments since the last meeting , in particular discussions with UNICEF
and WHO in relation to their possible contribution to the Full Country
Evaluation process. Both organisations have shown interest in participating
through an nual surveys and health facility assessment respectively . It will
however not be possible to get their commitment in writing before the RFP is
published.

1.2 Peter Hansen highlighted the changes made to the RFP since the last
meeting .

1.3 The Committee discussed the new RFP and proposed further revisions.

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Decision One

The GAVI Evaluation Advisory Committee :

? Requested the Secretariat to issue a revised RFP taking into account the EAC
comments .

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As there was no further business, the meeting was brought to a close.


__________________________
Ms Debbie Adams
Secretary to the Board