The Transboundary Management Guidance Committee (TMGC), established in 2000, is a government – industry committee comprised of representatives from Canada and the United States. The Committee’s purpose is to develop guidance in the form of harvest strategies, resource sharing and management processes for Canadian and US management authorities for the cod, haddock and yellowtail flounder transboundary resources on Georges Bank. The Transboundary Resources Assessment Committee (TRAC) is the scientific arm of the TMGC which conducts the peer review of the transboundary resources considered by the TMGC.