Explanation:

- Hence, the committee is of the opinion that all academic matters will be discussed in the Executive Body.

- This option is correct. "Hence" implies a logical conclusion or consequence. It suggests that the committee's opinion is based on reasons previously discussed.

- But, the committee is of the opinion that all academic matters will be discussed in the Executive Body.

- "But" introduces a contrast or exception. It doesn't fit well here unless contradicting information is present before this statement.

- Later, the committee is of the opinion that all academic matters will be discussed in the Executive Body.

- "Later" refers to time. It's not suitable without a temporal context indicating that the opinion will be formed at a future time.

- Although, the committee is of the opinion that all academic matters will be discussed in the Executive Body.

- "Although" indicates a concession, which isn't appropriate here unless there's conflicting information before the statement.