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2. The Executive Board shall promptly investigate the matter and shall decide whether any nullification or impairment within the terms of paragraph lof Article 93 in fact exists. It shall then take such of the following steps as may be appropriate : (a) Decide that the matter does not call for any action ; (b) Recommend further consultation to the Members concerned; (c) Refer the matter to arbitration upon such terms as may be agreed between the Executive Board and the Members concerned; (d) In any matter arising under paragraph 1 (a) of Article 93, request the Member concerned to take such action as may be necessary for the Member to conform to the provisions of this Charter; (e) In any matter arising under subparagraph (6) or (c) of paragraph 1 of Article 93, make such recommendations to Members as will best assist the Members concerned and contribute to a satisfactory adjustment. 3. If the Executive Board considers that action under subparagraphs (d) and (e) of paragraph 2 is not likely to be effective in time to prevent serious injury, and that any nullification or impairment found to exist within the terms of paragraph 1 of Article 93 is sufficiently serious to justify such action, it may, subject to the provisions of paragraph 1 of Article 95, release the Member or Members affected from obligations or the grant of concessions to any other Member or Members under or pursuant to this Charter, to the extent and upon such conditions as it considers appropriate and compensatory, having regard to the benefit which has been nullified or impaired. 4. The Executive Board may, in the course of its investigation, consult with such Members or inter-governmental organizations upon such matters within the scope of this Charter as it deems appropriate. It may also consult any appropriate commission of the Organization on any matter arising under this Chapter. 5. The Executive Board may bring any matter, referred to it under this Article, before the Conference at any time during its consideration of the matter. Article 95 Reference to the Conference 1. The Executive Board shall, if requested to do so within thirty days by a Member concerned, refer to the Conference for review any action, decision or recommendation by the Executive Board under paragraphs 2 or 3of Article 94. Unless such review has been asked for by a Member concerned, Members shall be entitled to act in accordance with any action, decision or recommendation of the Executive Board under paragraphs 2 or 3of Article 94. The Conference shall confirm, modify or reverse such action, decision or recommendation referred to it under this paragraph.