Board Decisions

GF/B34/DP08

Approved by the Board on: 17 November 2015


Approval of the amended and restated Market Shaping Strategy

1. Based on the recommendation of the Strategy, Investment and Impact Committee, the Board approves the amended and restated Market Shaping Strategy, as set forth in Annex 1 to GF/B34/17 - Revision 1 (the "Amended and Restated Market Shaping Strategy").

2. This decision point and the Amended and Restated Market Shaping Strategy supersede Board decision point GF/B23/DP21 and the previous Market Shaping Strategy set forth in Annex 1 to GF/B23/09 - Revision 1.


Budgetary Implications

The budgetary implications to fully implement this decision will be six additional full time equivalent positions and USD 3.9 million over the six-year period of calendar years 2016 - 2021, which will be included in each year’s operating expenses budget. Additionally, a one-time investment of USD 10 million is required to continue the revolving fund beyond calendar year 2016, as described in the Amended and Restated Market Shaping Strategy. The source of such funds will be confirmed by the Finance and Operational Performance Committee, or its successor, prior to the next allocation period that starts in calendar year 2017.