The report, prepared by an independent state oversight commission, recommended 15 changes that included shrinking the CIRM governing board from the current 29 members to 15; reducing the terms of members from eight to six years; and changing the authority for appointing new board members.
Art Torres, Duane Roth, John Garamendi, John Chiang, Bill Lockyer, Gov. Arnold Schwarzenegger, Sherry Lansing, Claire Pomeroy, Norris Tolson, Gov. Bev Perdue, Hilda Pinnix-Ragland, W. Steven Burke, Jim Hunt, Virginia Walker, Danny Ludeman, Joe Imbs, William Rolleston, Andreas Luxenburger
Earlier this month the California Institute for Regenerative Medicine said it plans to privately sell $200 million in bonds in this and the following fiscal year in case it will be unable to access public capital.