2009-05-21 - International Currency Risk Management Policy
Category: Administration and Budget
Topic: International Currency Exchange
Board meeting date: 21 May 2009
Resolution number: 2009-05-21-03
URL for Board minutes/resolution: http://www.icann.org/en/minutes/minutes-21may09.htm
Status: Suspended
Summary
Board approved the ICANN International Currency Exchange Risk Management Policy.
Text
Whereas, the Board Finance Committee has studied ICANN's international currency risks and recommends that the Board adopt the policy.
Resolved (2009-05-21-03), that the Board adopt the ICANN International Currency Exchange Risk Management Policy.
Implementation Actions
Implement Policy
Responsible entity: ICANN CFO
Due date: None specified
Completion date: Suspended (Implemented partially in May 2009 (in terms of execution of contracts), however full blown hedging strategy not implemented due to strategic considerations discussed with BFC (i.e., cost of implementation exceed value)).
Other Related Resolutions
TBD
Additional Information
No additional funding provided.
Explanatory text does not modify or override Resolutions. See Board Resolutions Page for more information.