Historical Resolution Tracking Feature » 2009-05-21 - International Currency Risk Management Policy

Important note: The explanatory text provided through this database (including the summary, implementation actions, identification of related resolutions, and additional information) is an interpretation or an explanation that has no official authority and does not represent the purpose behind the Board actions, nor does any explanations or interpretations modify or override the Resolutions themselves. Resolutions can only be modified through further act of the ICANN Board.

2009-05-21 - International Currency Risk Management Policy

Resolution of the ICANN Board
Topic: 
International Currency Exchange
Summary: 

Board approved the ICANN International Currency Exchange Risk Management Policy.

Category: 
Administration and Budget
Meeting Date: 
Thu, 21 May 2009
Resolution Number: 
2009-05-21-03
URL for Resolution: 
http://www.icann.org/en/minutes/minutes-21may09.htm
Status: 
Overtaken By Events
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)).
Resolution 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.

Other Related Resolutions: 
  • TBD
Additional Information: 
  • No additional funding provided.