- Category: Administration and Budget
- Topic: CEO Objectives
- Board meeting date: 22 October 2011
- Resolution number: 2011.10.22.05
- URL for Board minutes/resolution: http://www.icann.org/en/minutes/resolutions-22oct11-en.htm#4
- Status: Completed
Summary
Board approves the objectives discussed by the Compensation Committee for the CEO.
Text
Whereas, on 26 June 2009, the Board appointed Rod Beckstrom as ICANN’s CEO and President.
Whereas, the CEO reports directly to the Board.
Whereas, the Compensation Committee has discussed a set of objectives with the CEO that the Board expects the CEO to work toward, in order to be entitled to all or any portion of the at-risk component of his compensation.
Resolved (2011.10.22.05), the Board approves the set of objectives as discussed by the Compensation Committee for the CEO to work toward in order to be entitled to all or any portion of the at-risk component of his compensation.
Implementation Actions
- None.
Rationale
Setting objectives to be measured against success for completion of goals of employment is a regular practice. Placing a portion of compensation at-risk, conditioned upon meeting of objectives, is further recognized as a valuable tool in achieving those objectives. The Board, through the Compensation Committee, has identified a set of objectives for the CEO to meet to achieve, and will consider the extent of completion of those objectives when evaluating the performance of the CEO and whether he should be entitled to any portion of the at-risk portion of his compensation. As required for assessment within the Affirmation of Commitments, there is no security and stability impact on the DNS as a result of this action. The complete portion of the potential at-risk component of the CEO’s compensation has been included within ICANN’s budget.
Other Related Resolutions
- Resolution 2009.06.26.32, electing Rod Beckstrom as President and CEO of ICANN, available at: http://www.icann.org/en/minutes/resolutions-26jun09.htm.
- Other resolutions TBD.
Additional Information
- Information on the Compensation Committee is available at: http://www.icann.org/en/committees/compensation/.
- 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.
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