Summary

Adopts the revised ICANN Contracting and Disbursement Policy

Text

Whereas, the Board Finance Committee has reviewed the current Disbursement Policy and recommended that it be revised to clarify that the policy relates to both contracting and disbursement authority.

Whereas, the Board agrees with Board Finance Committee.

Resolved (2012.03.16.06), the Board adopts the ICANN Contracting and Disbursement Policy as reflected at <http://www.icann.org/en/about/financials/signing-authority>, which replaces the ICANN Disbursement Policy last revised on 10 December 2010.

Implementation Actions

  •  None

Rationale  

The Board is committed to ensuring that ICANN operations are managed as efficiently as possible. One aspect of that is to provide authority to management to contract as needed for the day-to-day operations of the organization and to make timely disbursements in furtherance of those contracts. The intent of the contracting and disbursement policy is to provide management with the authority to operate the organization, but to also maintain sufficient oversight when one contract or project obligates the organization to disburse more than $500,000.00.

There will be little, if any, impact on the ICANN community given that the purpose of the revisions to this policy is to clarify its applicability. There will be no financial impact on either ICANN or the community, and there will be no impact on the security, stability or resiliency of the domain name system.

Other Related Resolutions

  •  Other resolutions TBD

Additional Information

  • 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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