34.        The TMC met on 12 December 1996. At that time the chairman was DM Child, chairman of Lombard North Central and the members were

•                        Professor Sir James Ball - Professor of Economics, London Business School

•                        D J Gamble - Chief Executive of British Airways Pension investment Management Limited

•                        B Morley - retired Pensions Trust Director

•                        S Dyson - Director of Software, IBM in the UK

•                        A Grinstead - Director of Human Resources, IBM in the UK

•                        JS Lamb - Director of Finance and Planning, IBM in the UK

•                        JB Morgans-General Manger, IBM in the UK and Ireland

•                        T F Cadigan - Chairman IBM Retirement Funds, IBM Corp.