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

Thu Aug 10 20:40:10 UTC 2017

To be clear, I don't think anyone on the call 
suggested we build up the reserve to a 12 or 24 
month level of current budget. Xavier said that 1 
year was a typical norm for non-profits, but in 
my opinion, there is no need for that, as in the 
case of emergency, costs could be ramped down quickly.

I vaguely recall that the level that we were 
targeting (before the drain from the CCWG-Acct 
expenses) was something like $80m. So even if we 
contributed enough to get back to that level, it would be perhaps $40m.

But the issue in my mind is not how much, but if.

Alan

At 10/08/2017 03:28 PM, Dietmar Stefitz wrote:

>Hi Erika and all,
>
>I have been very astonished to hear the proposal 
>to use the Auction Money in filling up the reserve account of ICANN.
>Filling up for 12 month reserve or 24 month 
>reserve, if we have to take 24 month, there will 
>not be much left to disburse to other projects.
>
>I thought that the call from Xavier has been to 
>explain specially the Investment of the fund at 
>this moment, for which I can only congratulate.
>A 1% return on a super save investment is not 
>bad, and it should be made like this in the future.
>
>I would absolutely be against a filling up of 
>the reserve fund from the auction proceeds, at 
>least as a decision from this group.
>Or did I misunderstand something?
>
>Dietmar Stefitz
>
>
>
>
>
>
>Thursday, August 10, 2017, 8:05:56 PM, you wrote:
>
>MK> Hi Kavouss,
>
>MK> Am I missing something - or are you suggesting that the CCWG should
>MK> only determine whether or not money be fed into ICANN's reserve
>MK> account, without also indicating what proportion should be used to
>MK> that effect?
>
>MK> If so - I don't see how the CCWG could consider anything beyond that
>MK> simple yes/no question, as we'd have no indication how much money we
>MK> would have leftover to work with, once the reserve is replenished.
>MK> Decisions about allocation priorities can't really be made unless we
>MK> also look at how the pie should be portioned out, right?
>
>MK> Michael Karanicolas
>
>MK> On Thu, Aug 10, 2017 at 2:50 PM, Kavouss Arasteh
>MK> <<mailto:kavouss.arasteh at gmail.com>kavouss.arasteh at gmail.com> wrote:
>
>
> >> 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.
>
> >> Alanâ€™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 <<mailto:joke.braeken at icann.org>joke.braeken at icann.org>
> >> wrote:
>
> >>> Dear All,
>
>
>
> >>> Please find below the notes and action 
> items from todayâ€™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://community.icann.org/x/DLHDAw.
>
>
>
> >>> 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.
>
>
>
> >>> Welcome – DOI
>
>
>
> >>> 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: â€œTo what extent (and, if so, 
> how) could ICANN, the Organization or
> >>> a constituent part thereof, be the 
> beneficiary of some of the auction fundsâ€
>
> >>> The group needs to discuss this at a later stage.
>
>
>
> >>> 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 groupâ€™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/>https://www.surveymonkey.com/results/SM-6GNDQHJ6/ 
> )
>
>
>
> >>> = = = =
>
>
>
>
>
> >>> Joke Braeken
>
> >>> ccNSO Policy Advisor
>
><mailto:joke.braeken at icann.org>>>> joke.braeken at icann.org
>
>
>
> >>> Follow @ccNSO on Twitter: 
> <https://twitter.com/ccNSO>https://twitter.com/ccNSO
>
> >>> Follow the ccNSO on Facebook: 
> <https://www.facebook.com/ccnso/>https://www.facebook.com/ccnso/
>
> >>> http://ccnso.icann.org
>
>
>
>
> >>> _______________________________________________
> >>> Ccwg-auctionproceeds mailing list
><mailto:Ccwg-auctionproceeds at icann.org>>>> Ccwg-auctionproceeds at icann.org
> >>> https://mm.icann.org/mailman/listinfo/ccwg-auctionproceeds
>
>
>
> >> _______________________________________________
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>MK> _______________________________________________
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>
>
>
>--
>Saludos,
>Dietmar
>
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