Document pBJXKG8rqYZb740oOQBZMzDz7

Draft 7/22/03 BHRC Oversight Committee Conference Call 2 July 2003 Participants: Patrick Beatty, ChevronTexaco Bill Broddle, ConocoPhillips Don Burnett, BP Stuart Cagen, Shell Patsy Clegg, Shell Brian Doll, ExxonMobil Lynn Russo, ExxonMobil Tarita Samuel, Shell (part-time) Mark Fitzsimmons, Steptoe & Johnson Paula Podhasky, API (part-time) Matt Todd, API Lorraine Twerdok, API Principal's Meeting: Member companies are conducting internal meetings during July to review program funding. Study Conduct: Bone marrow disease diagnosis now in progress in lab in Shanghai Ethical concerns for potential discussion with Dr. Brody: o What are the ethical implications if we are not able to obtain full funding? How should address these issues if funding is not forthcoming? o When should these questions be addressed? Budget: Tarita Samuel (Shell) visited API 7/2/03 to review ('audit') API consortium accounting procedures. This was a review of consortium staff records, not API Financial Operations procedures and records. Tarita joined call to give "work in progress" update that resulted in action items below. Craig Parker has informed consortium verbally that MAP has decided to contribute $200K as a follow-up to API Executive Committee commitment to provide funding at less than their full share level. Action Item: Prepare sample budget and financial reporting spreadsheets for OC review (Paula Podhasky and Tarita Samuel) Action Item: Prepare one page summary of consortium financial controls for OC review (Lorraine Twerdok) Action Item: 'Audit' write-up to include recommendations for improvement for distribution to OC (Tarita Samuel) AUTOPATH SH ELL-MCCLU RG-055725 Draft 7/22/03 Action Item: Review OC minutes (from the last year) for discussion on participation below full sponsorship. (Lorraine Twerdok) Annual Meeting: Discussion tabled until next call. NEXT CONFERENCE CALL: TUESDAY, 15 July 2003, AT 2:00 PM (EDT) Annual Meeting Budget Discussions 'Principal's' meeting update AUTOPATH SH ELL-MCCLU RG-055726