The Board amends the Key Performance Indicator ("KPI") assessment process approved in GF/B15/DP34 as follows:
(a) KPIs for the following year shall be developed and approved by the Policy and Strategy Committee ("PSC"). The PSC shall present the approved KPIs at the last Board meeting of each calendar year.
(b) KPIs for 2008 shall exceptionally be reviewed at the PSC's meeting in the first quarter of 2008.
All other requirements and timelines set forth in decision GF/B15/DP34 remain unchanged. The PSC shall accordingly assess results achieved against KPIs during the previous year and report on them at the first Board meeting of each calendar year.