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<div><u><font face="Avenir">Sent on behalf of CoChairs </font></u></div>
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<div><font face="Avenir">Please find below the main conclusions of our deliberations during call #77. The updated document is attached.</font></div>
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<div><font face="Avenir,sans-serif">1. Confirmed clarifications requested by CWG regarding transparency, rationale and role of CWG-Stewardship in elaborating a process for IANA Budget (see pages 5 and 6)</font></div>
<div><font face="Avenir,sans-serif">2. Updated paragraph 22 to reflect IAB input, with specific clarification regarding the need to protect SLAs (see page 6, paragraph 22)</font></div>
<div><font face="Avenir,sans-serif">3. Guidelines on caretaker budget :</font></div>
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<div><font face="Avenir,sans-serif">a. current principles in the document provide sufficient guidelines for implementation of the concept of caretaker budget, taking note of the work under way in DT-O within CWG.</font></div>
<div><font face="Avenir,sans-serif">b. As proposed by the Board, the CCWG-Accountability also recommends that the caretaker budget approach be embedded in the Fundamental Bylaws, including the responsibility of the CFO to establish the caretaker budget in accordance
with the defined approach.</font></div>
<div><font face="Avenir,sans-serif">c. Align recommendation in paragraphs 13 and 19 to confirm that caretaker budget applies to Icann budget as well as IANA Budget. </font></div>
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<div><font face="Avenir,sans-serif">4. Budget community power provisions will remain as Fundamental Bylaws (as required by CWG)</font></div>
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<div><font face="Avenir">Best regards</font></div>
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<div><font face="Avenir">Mathieu, Thomas, León</font></div>
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