Having achieved the quorum, the meeting was called to order by the Chairman Mr. Mehmet Emin Özcan. There were six members present including the Chairman, two members were represented by proxy.

After the reading and adoption of report of the Secretary General, the committee went on to consider specific points.

The Committee unanimously decided to advice the General Assembly (GA) to:

• adopt four amendments in the Turkish and English versions of the Constitution;

• terminate the memberships of five members as they defaulted on their subscription fees for over four years;

• accept two new members Saudi Sudanese Bank, Sudan and Somalia Development and Reconstruction Bank, Somalia;

• extend MC Memberships of SME Development Bank of Malaysia and Workers’ National Bank of Sudan for a second three year term and select Saudi – Bangladesh Industrial and Agricultural Investment Co.Ltd. (SABINCO) as the new member representing the South and South East Asia Region;

• confer Honourary Membership of ADFIMI on Mr. Agus D.W. Martowardojo, the Governor of Central Bank of Indonesia;

• select an audit firm to audit the ADFIMI’s 2015 accounts;

• accept external Audit report for 2014 accounts;

• accept audit report of 2014 of the ADFIMI Audit Board;

• approve Financial Results for 2014, First Quarter results for 2015, Revised Budget for 2015, Budget 2016, WFDFI accounts as of end of 2014 and as of end of First Quarter 2015, subscription fee collections as of end of 2014 and as of 25 May 2015.