California Institute For Regenerative Medicine Press Release: ICOC Creates Governance Subcommittee, Approves Rules For Facilities Working Group; Governance Subcommittee To Focus On Strategic Plan, Bylaws And Contracts

EMERYVILLE, Calif.--(BUSINESS WIRE)--July 16, 2005--The Independent Citizens’ Oversight Committee (ICOC) of the California Institute for Regenerative Medicine (CIRM) voted yesterday to create a new subcommittee focused on governance issues related to the CIRM and approved rules for the Facilities Working Group. The oversight board also voted to form a task force to address intellectual property. These actions followed the approval of the policy enhancements recommended by the Legislative Subcommittee. “We’re continuing to move forward and are getting closer and closer to distributing our first grants,” said ICOC Chair Robert Klein. “In the past six months, this board has made incredible progress, including selecting a site for our headquarters, lining up a world-class team of researchers and ethicists to sit on our working groups and building a great internal team. Now we have the ICOC Governance Subcommittee to assist us in administrative tasks without burdening the entire ICOC with minutiae.”

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