2010-12-10 - ICANN Disbursement Policy

• Category: Administration and Budget

• Topic: ICANN Disbursement Policy

• Board meeting date: 10 December 2010

• Resolution number: 2010.12.10.08

• URL for Board minutes/resolution: http://www.icann.org/en/minutes/resolutions-10dec10-en.htm

• Status: Completed

Summary
Adopts the revised Disbursement Policy.

Text

Whereas, the Disbursement Policy adopted by the Board in 2008 <http://www.icann.org/en/financials/finl_control-signing_authority.htm> requires that two of the three officers required to approve disbursements greater than $100,000 but less than $500,000 must be the Chief Financial Officer (CFO), Chief Operating Officer (COO), or the Chief Executive Officer (CEO).

Whereas, pending the hiring of a new CFO, the COO will be named the Interim CFO.

Whereas, given that the COO will be named the Interim CFO, the BFC has recommended that the Board adopt changes to the Disbursement Policy requiring just one of three officers needed to approve disbursements greater than $100,000 but less than $500,000, be the CFO, the COO or the CEO.

Resolved (2010.12.10.08), the Board adopts the revised Disbursement Policy <http://www.icann.org/en/financials/finl_control-signing_authority.htm>.

• None

• 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.htmThe new Disbursement Policy was approved at Resolution 2008.02.15.04, at http://www.icann.org/en/minutes/resolutions-15feb08.htm.

• Additional resolutions to be determined.

• 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.