The committee met at Lord's on July 13 and 14 -- the first gathering for new members Ganguly, Ricky Ponting and Ramiz Raja, and the last for outgoing members Rahul Dravid and Steve Bucknor.
"The ICC Cricket World Cup should be a twelve-team tournament The committee believes that the organisation of a ten-team ICC Cricket World Cup for 2019 and 2023 is a retrograde step that damages the potential for growth in cricket's developing nations," the committee said in a statement after the meeting.
"A preliminary qualification round could be held for the lower ranked Full Member teams and the top Associate nations, that wouldn't lengthen the tournament and would give more teams a chance to compete in the sport's best 50-over competition. The committee has asked ICC to look again at its decision to limit the numbers to only ten teams," it added.
"The Olympics is a fundamental opportunity for cricket - in both the men's and women's game - and with a global reach, such a presence would expose the game positively to new markets.
"Competing in an Olympic Games would be a huge opportunity for players, a massive boost to developing cricket nations and give much greater exposure for the sport to a new audience. Government funding in many countries is specifically linked to a sport's Olympic status, and cricket's inclusion would unlock investment to cricket's governing bodies in ICC Associate and Affiliate countries," it said.