[Ccwg-auctionproceeds] Notes & action items from today's CCWG-AP meeting

Thu Aug 10 17:50:06 UTC 2017

Dear Erika, Dear All,

Today during the last 15 mints of the call I tried to draw your attention
to allow me to intervene on the views expressed by Alan reading the Reserve
account.

If I have well understood his statement he wanted that CCWG discuss the
level of ICANN reserve account which was announced by Xavier to be
equivalent to one year budget as objective. As Xavier mentioned this level
has not been reached.

Alan’s view that CCWG discuss the level of ICANN reserve account is outside
the mandate of CCWG. We may just decide whether or not that account be fed
by using Auction money but decision on the appropriate level of the reserve
account is totally outside or mandate as it is a decision to be made by the
Board and not by this group

Regards

Kavouss

On Thu, Aug 10, 2017 at 5:56 PM, Joke Braeken <joke.braeken at icann.org>
wrote:

> Dear All,
>
>
>
> Please find below the notes and action items from today’s CCWG-AP meeting.
>
>
>
> Best regards,
>
>
>
> Joke Braeken
>
>
>
> *Notes CCWG – AP Meeting 10 August 2017*:
>
>
>
> *These high-level notes are designed to help the CCWG navigate through the
> content of the call and are not meant as a substitute for the transcript
> and/or recording. The MP3, transcript, and chat are provided separately and
> are posted on the wiki at: https://community.icann.org/x/DLHDAw
> <https://urldefense.proofpoint.com/v2/url?u=https-3A__community.icann.org_x_DLHDAw&d=DwMGaQ&c=FmY1u3PJp6wrcrwll3mSVzgfkbPSS6sJms7xcl4I5cM&r=7_PQAir-9nJQ2uB2cWiTDDDo5Hfy5HL9rSTe65iXLVM&m=4zHolvsBo6lsC2fsFnhbQd0l8fVzyqdj0t9oV6_NWjM&s=-vuUpZTVZXrpFcq3-nA--Ltl_ESCT71X4cBhx3axkEY&e=>*
> .
>
>
>
>    1. *Roll Call*
>
>
>
>    - Please state your name for transcription purposes and
>    keep microphones on mute when not speaking.
>    - Attendance will be taken from the AdobeConnect room.
>
>
>
>    1. *Welcome – DOI*
>
>
>
>    1. *Overview from Xavier Calvez on investment management*
>
>
>
> The intention of this presentation is
>
>    - to allow the group to think on the issue of investment,
>    - to understand ICANN's practice, and to answer any
>    questions that might be raised.
>
> It helps to inform the discussion on the ROI of the
> fund; It includes an overview of how the auction proceeds
> are currently managed, which might lead to how they might
> be managed in the future.
>
>
>
> Important to note:
>
>    - only conservative investment policies are being used
>    - the investment strategy will be designed in support of the objectives
>
>
>
> An overview of some illustrative investment scenarios was provided,
> followed by Q&A.
>
>
>
> Parameters that need to be considered:
>
>    - amount of money
>    - horizon
>    - level of risk (which is not correlated to the horizon)
>
>
>
> Financial information is regularly provided during the
> quarterly stakeholder calls.
>
> (amount from latest update - Q3 data of FY17. https://www.
> icann.org/quarterlyreports)
>
>    - Reserve Fund: 64 million
>    - New gTLD unspent application fees: 128 million
>    - Auction proceeds: 233 million
>    - Annual budget of ICANN. FY18 budget expenses 142 million USD.
>
>
>
> Regarding replenishing the reserve fund: appropriate
> procedures need to be taken, appropriate approvals and
> decisions need to be in place for it to be legal.
>
> This is however a moral question as well. The charter does include this
> question: “To what extent (and, if so, how) could ICANN,
> the Organization or a constituent part thereof, be
> the beneficiary of some of the auction funds”
>
> The group needs to discuss this at a later stage.
>
>
>
>    1. *Next meeting *
>
>
>
> next CCWG-AP meeting is scheduled for Thursday 24 August at 14.00 UTC
>
>
>
> = = = =
>
>
>
> *Action item #1: *
>
> CCWG to review the slides presented by Xavier (published on
> https://community.icann.org/display/CWGONGAP/2017-08-10+
> CCWG+New+gTLD+Auction+Proceeds+call)  and to share any further questions
> for Xavier on the group’s mailing list.
>
>
>
> *Action item #2:*
>
> Per the discussion during the CCWG-AP meeting on 27 July 2017, the
> attached mind map was developed, which aims to regroup the objectives based
> on the survey results as well as the subsequent discussions.  The CCWG is
> encouraged to continue to provide feedback on the proposed regrouping of
> objectives/priorities, as well as the clustering of examples ahead of the
> next meeting, scheduled for 24 August at 14 UTC.
>
>
>
> *Action item #3: *
>
> CCWG to review responses to charter question #4 and to continue the
> discussion on the mailing list.
>
> (see https://www.surveymonkey.com/results/SM-6GNDQHJ6/ )
>
>
>
> = = = =
>
>
>
>
>
> Joke Braeken
>
> ccNSO Policy Advisor
>
> joke.braeken at icann.org
>
>
>
> Follow @ccNSO on Twitter: https://twitter.com/ccNSO
>
> Follow the ccNSO on Facebook: https://www.facebook.com/ccnso/
>
> http://ccnso.icann.org
>
>
>
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