• Category: Administration and Budget

• Topic: ICANN Investment Policy

• Board meeting date: 10 December 2010

• Resolution number: 2010.12.10.07

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

• Status: Completed

Summary
Acknowledges the results of the study performed by KPMG indicating that ICANN’s Investment Policy is fundamentally sound, and that the Board Finance Committee is overseeing further work to ensure that Reserve Fund assets continue to be appropriately managed.

Text

1.6. ICANN Investment Policy

Whereas, the Board Finance Committee directed the engagement of KPMG to review ICANN’s Investment Policy.

Whereas, KPMG completed its study, which included a survey of the views of Board members on investment criteria and a review of best practices for similar organizations.

Whereas, KPMG’s study indicated that ICANN’s Investment Policy is fundamentally sound but can be enhanced with minor modifications.

Whereas, the Board Finance Committee has discussed the Investment Policy as well as the Reserve Fund performance.

Whereas the, Board Finance Committee agrees with staff that proposals be requested from qualified investment management firms, including ICANN’s current manager, to manage the reserve fund assets. The RFP process will also provide an opportunity to further assess the Investment Policy.

Resolved (2010.12.10.07), that the Board acknowledges the results of the study performed by KPMG indicating that ICANN’s Investment Policy is fundamentally sound. The Board further acknowledges that the Board Finance Committee is overseeing further work to ensure that Reserve Fund assets continue to be appropriately managed.

Implementation Actions

• None

  • Responsible entity: NA

  • Due date: NA

  • Completion date: NA

Other Related Resolutions

• To be determined

Additional Information

• The ICANN Investment Policy is available at http://www.icann.org/en/financials/icann-investment-policy-jul2009.htm.

• Information on the Board Finance Committee's work is available at http://www.icann.org/en/committees/finance/.

Explanatory text does not modify or override Resolutions.  See Board Resolutions Page for more information.

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