Resolution:Audit Committee Jan07

Resolved that,

The audit committee for one year shall consist of The Board directs the committee take all steps necessary to prepare quarterly or semi-annual reviews, and the next financial year external audit.
 * Florence Devouard (Chair, ex officio)
 * Oscar van Dillen
 * Michael Davis (Treasurer)
 * Ad Huikeshoven

The Board authorizes and directs the audit committee to take actions necessary to approve the audit charter.

The Board directs the committee to report back by 7th of February 2007 with the designation of a chairperson

The Board directs audit committee to proposed a list of actions to be defined by 2nd week of February