Historical Resolution Tracking Feature » 2011-10-22 - Approval of CEO Objectives

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.

2011-10-22 - Approval of CEO Objectives

Resolution of the ICANN Board
Topic: 
CEO Objectives
Summary: 

Board approves the objectives discussed by the Compensation Committee for the CEO.

Category: 
Administration and Budget
Meeting Date: 
Sat, 22 Oct 2011
Resolution Number: 
2011.10.22.05
URL for Resolution: 
http://www.icann.org/en/minutes/resolutions-22oct11-en.htm#4
Status: 
Complete
Implementation Actions: 
  • None.
Resolution Text: 

Whereas, on 26 June 2009, the Board appointed Rod Beckstrom as ICANN’s CEO and President.

Whereas, the CEO reports directly to the Board.

Whereas, the Compensation Committee has discussed a set of objectives with the CEO that the Board expects the CEO to work toward, in order to be entitled to all or any portion of the at-risk component of his compensation.

Resolved (2011.10.22.05), the Board approves the set of objectives as discussed by the Compensation Committee for the CEO to work toward in order to be entitled to all or any portion of the at-risk component of his compensation.

Rationale for Resolution: 

Setting objectives to be measured against success for completion of goals of employment is a regular practice. Placing a portion of compensation at-risk, conditioned upon meeting of objectives, is further recognized as a valuable tool in achieving those objectives. The Board, through the Compensation Committee, has identified a set of objectives for the CEO to meet to achieve, and will consider the extent of completion of those objectives when evaluating the performance of the CEO and whether he should be entitled to any portion of the at-risk portion of his compensation. As required for assessment within the Affirmation of Commitments, there is no security and stability impact on the DNS as a result of this action. The complete portion of the potential at-risk component of the CEO’s compensation has been included within ICANN’s budget.

Other Related Resolutions: 
Additional Information: