- Category: Administration and Budget
- Topic: Disbursement Policy
- Board meeting date: 15 Feburary 2008
- Resolution number: 2008.02.15.04
- URL for Board minutes/resolution: http://www.icann.org/en/minutes/resolutions-15feb08.htm
- Status: Completed
Summary
Board adopts the new ICANN Disbursement Policy as proposed by the Board Finance Committee.
Text
Whereas, the ICANN Board adopted the current disbursement policy in October 2006.
Whereas, ICANN continues to evolve into a larger and more mature organization and is managed by a strong senior executive team.
Whereas, the ICANN Board desires to optimize the strength of internal financial controls by hiring highly ethical, competent, and skilled officers and employees, by ensuring that appropriate policies and procedures are followed, by ensuring that financial reporting is accurate timely and relevant, and by adopting disbursement policies that are best for ICANN's mission and culture.
Whereas, the ICANN Board desires contracting and purchasing practices at ICANN to be most effective.
Whereas, the ICANN Board desires to adopt disbursement policies that reflect ICANN's size, scope and level of professionalism.
Whereas, the ICANN Board Finance Committee has consulted with the CFO in the development of a new disbursement policy, and has recommended that the Board approve the new Disbursement Policy.
Whereas, the current disbursement policy will not optimally meet the needs of ICANN's future disbursement requirements.
Whereas, the current policy in some cases has been found to be unclear in terms of the scope and nature of disbursement authority.
Whereas, the new Disbursement Policy will allow for stronger internal controls and more clarity on the scope and authority granted to Officers to approve disbursements.
Resolved (2008.02.15.04), the Board adopts the new ICANN Disbursement Policy as proposed by the Board Finance Committee.
Implementation Actions
- None
- Responsible entity: Not applicable
- Due date: None provided
- Completion date: Not applicable
Other Related Resolutions
- Updating of Disbursement Policy directed by Board at http://www.icann.org/en/minutes/minutes-16oct07.htm
- http://www.icann.org/en/minutes/minutes-16oct07.htmOther resolutions TBD.
Additional Information
- Disbursement policy is available at http://www.icann.org/en/financials/finl_control-signing_authority.htm.
- The resolution does not address funding for the items identified therein.
Explanatory text does not modify or override Resolutions. See Board Resolutions Page for more information.
