Earlier last year, the Global Fund commissioned a High Level Independent Panel to look at the fiduciary controls and oversight mechanisms of the fund. The report recognised the essential work of the Global Fund but found weaknesses across its systems and procedures. In response, the fund's executive board has agreed and embarked upon on a transformation process to improve risk management and strengthen its controls still further, as well as reform the fund's overall management and business model including country ownership, transparency, accountability and efficiency. The report is publicly available on the Global Fund's website.A ““Consolidated Transformation Plan””, bringing together both existing and new reforms and processes was presented to and approved by the Global Fund board in November, along with a new strategy for the period 2012-16, and a set of other governance reforms. Taken together these reforms are intended to ensure that the fund improves its performance and better meets the needs of poor people affected by the three diseases.The UK continues to take a pro-active approach to the reform agenda and is represented on the board of directors. The chair of the Global Fund is also a senior Department for International Development official.