Historical Resolution Tracking Feature » 2005-07-15 - Audit Committee Review

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.

2005-07-15 - Audit Committee Review

Resolution of the ICANN Board
Topic: 
Audit Committee Review
Summary: 

Board directs Board Governance Committee to review current Board Audit Committee Charter, review best practices for non-provit auditing functions, and report recommendation to the Board of Directors at ICANN's Vancouver Meeting.

Category: 
Board
Meeting Date: 
Fri, 15 Jul 2005
Resolution Number: 
05., 05.
URL for Resolution: 
http://www.icann.org/en/minutes/resolutions-15jul05.htm
Status: 
Complete
Implementation Actions: 
  • Review current Board Audit Committee Charter and best practices.
    • Responsible entity: Board Governance Committee
    • Due date: None provided
    • Completion date: None provided
  • Report recommendations relating to the enhancements of the Board's auditing functions to Board of Directors.
    • Responsible entity: Board Governance Committee
    • Due date: 4 December 2005
    • Completion date: by 4 December 2005
Resolution Text: 

Whereas, ICANN's Audit Committee Charter was approved by the ICANN Board on 10 March 2000, consistent with ICANN Bylaws Article XII, Section 1.

Whereas, ICANN Board's Audit Committee at its Meeting in Luxembourg agreed that the ICANN's Board Governance Committee should conduct a review of the auditing metrics and procedures used throughout ICANN to keep the auditing charter current with the highest standards of corporate governance and auditing practices.

Resolved (05.__), the ICANN Board hereby requests that the Board Governance Committee conduct a review of the current Board Audit Committee Charter and also review best practices for non-profit auditing functions.

Resolved (05.__), the Board Governance Committee shall report its recommendations relating to the enhancement of the Board's auditing functions, to the full Board in time for its consideration at ICANN's Vancouver Meeting.

Other Related Resolutions: 
  • The Audit Committee and the Board Governance Committee jointly identified the need for auditing metrics within the organization, [http://www.icann.org/en/minutes/minutes-04dec05.htm|http://www.icann.org/en/minutes/minutes-04dec05.htm]TBD
Additional Information: 
  • The resolution does not address funding for the items identified therein.