Document 82QKK4rLbgzkYRNzQ0R05YN35

MINUTES OF MCA EXECUTIVE COMMITTEE The Links Club, New York City 2~ Tuesday, December 13, 1966 Following breakfast at 8:30 a. m. , the meeting was called to order by Chairman Logan. There were present: David H. Dawson George H. Decker Harold W. Fisher John O. Logan Kenneth Rush Henry A. Thouron John E. Wood, III M. F. Crass, Jr. General Counsel: Lloyd Symington Present by Invitation: Charles S. Munson Robert B. Semple W. L. Sutton W. J. Taylor 1. Report of the Secretary-Treasurer. At the close of six months operations, the Association's financial condition continues to be favorable. Income totaling $1, 392, 277 falls only $68,000 short of the budgeted goal of $1, 460, 400. Attainment of this goal by May 31, 1967, appears certain since supplemental income from publications, interest, and general meetings should more than make up the difference. With regard to expense, disbursements of $548, 000 for the first six months are about 25% under the prorated budget for that period. Although special project, particularly environmental health, and retirement plan ex pense will narrow the gap as the fiscal year continues, it would appear at this time that the expense budget for the entire year will be in balance and that a surplus is likely. 2. Administrative Matters. A. Retirement Payments for Mr. Crass. Those present approved an arrangement whereby Mr. Crass will remain on the payroll at his present salary until December 1, 1967, at which time pension payments will commence under terms of the MCA Pension Trust Agreement. During the period July 1 to December 1, 1967, he will be granted a leave of absence. Salary received during this period can, if desired, be deferred in whole or in part in accord ance with an arrangement agreeable both to Mr. Crass and the Association. CMA 012681 3 6. Request of Mr. Crass for Early Retirement. Mr. Rush stated that Mr, Crass had agreed to remain with the Association until June 1967. He will report this to the Board of Directors at its meeting later in the day, since action tjy the Board will be necessary under Section 4 of the MCA Pension Trust Agreement. 7. Adequacy of Technology for Pollution Abatement. Mr. Logan dis cussed his appearance before the Subcommittee on Science, Research and De velopment (House Committee on Science and Astronautics) on August 11 relat ing to the adequacy of technology for pollution abatement, together with the critical review of his testimony which appeared shortly thereafter in a chemical trade journal. He also discussed his subsequent conference with Assistant Secretary of the Treasury Surrey, which dealt with industry's problems in financing installation of pollution abatement equipment. During the ensuing discussion, it was the sense of the Executive Com mittee that the 1962 pollution equipment cost survey should be updated promptly in order to provide the chemical industry with more meaningful data in relation to current operations. The appropriate committees and staff were requested to prepare a questionnaire-draft promptly and to submit it to the Executive Com mittee for review. 8. Potential Health Hazard of polyvinyl chloride. Mr. Warner re ported on a possible health hazard in the manufacture of polyvinyl chloride which he felt would be of interest to other producers of this product. Following discussion, authorization was given to the Medical Advisory Committee to ar range a conference of interested producers to consider the matter and to dis cuss a possible course of action if such is considered necessary. It was agreed that a report should be made to the Executive Committee prior to any decision concerning program. 9. Environmental Health Program. Sent to members in advance of the meeting were a series of project, manpower and budget proposals recom mended by the Environmental Health Advisory Committee for implementation during fiscal 1966-67, These were discussed by Dr. J. H. Sterner, Chairman of the Committee. Specific items are as follows: (a) Amendment of EHAC terms of reference to provide that the five members-at-large be appointed for three-year terms. (b) That a Committee On Occupational Health be estab lished, to be composed, initially, of the present members of the Medical Advisory Committee (which would be disbanded) plus an approximately equal number of persons representing the disciplines of industrial hygiene, toxicology and biostatistics. CMA 012682