Report on the 588th Meeting of the Board of Directors 8 June 2015 No.15-005 Download PDF (192KB) To the Members The 588th Meeting of the Association’s Board of Directors was held at Kaiun Club, Tokyo on 8 June 2015.   The main decisions of the Meeting are as follows:-   The 65th Ordinary General Meeting of the Members   The Board approved the convening of the 65th Ordinary General Meeting of the Members at Room 303 of the Kaiun Club, Tokyo at 11:20 on 13 July 2015.   Agenda of the 65th Ordinary General Meeting of the Members   The Board approved the following report and proposals for inclusion in the agenda of the Ordinary General Meeting.   Report: The Business Report for the 65th business year (from 1 April 2014 to 31 March 2015);   Proposals: To approve an Inventory, Balance Sheet, Income and Expenditure Account and proposals for the treatment of the surplus for the 65th business year (from 1 April 2014 to 31 March 2015);   To amend the Articles of Association   To elect Members to the Board of Directors, and to appoint Auditors;   To authorise the Board of Directors to implement decisions taken at the General Meeting of the Members;   Further details of the above items can be found in the “Notice of the Ordinary General Meeting of the Members to be held on 13 July 2015”, which will be sent to the Members under a separate mail, together with enclosures.   The highlights of the closing accounts for the 2014 business year (this year) are scheduled for inclusion in the agenda at the forthcoming Ordinary General Meeting and are as follows:   This year, the number of medium and large sized claims decreased for both ocean-going and Japanese coastal vessels (Naiko Class, fixed premium entries) entered with the Association, and the occurrence of pool claims became less frequent in the International Group of P&I Clubs.  In addition, the Association benefited from the depreciation in the value of the