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<div>Dear Kavouss I believe our group can make such proposal. From my particular view a % of this amount will be interesting to be reserved for raining days. Some analysis related to DNS industry doe not estimate real growth and ICANN shall have a better reserve
the proposal is on us to make even if the final decision is not depending on us. </div>
<div>Kisses </div>
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<span style="font-weight:bold">From: </span><<a href="mailto:ccwg-auctionproceeds-bounces@icann.org">ccwg-auctionproceeds-bounces@icann.org</a>> on behalf of Kavouss Arasteh <<a href="mailto:kavouss.arasteh@gmail.com">kavouss.arasteh@gmail.com</a>><br>
<span style="font-weight:bold">Date: </span>Thursday, August 10, 2017 at 14:50<br>
<span style="font-weight:bold">To: </span>Joke Braeken <<a href="mailto:joke.braeken@icann.org">joke.braeken@icann.org</a>><br>
<span style="font-weight:bold">Cc: </span>"<a href="mailto:ccwg-auctionproceeds@icann.org">ccwg-auctionproceeds@icann.org</a>" <<a href="mailto:ccwg-auctionproceeds@icann.org">ccwg-auctionproceeds@icann.org</a>><br>
<span style="font-weight:bold">Subject: </span>Re: [Ccwg-auctionproceeds] Notes & action items from today's CCWG-AP meeting<br>
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<p style="background:white;margin:0cm 0cm 0pt;line-height:normal"><span lang="EN-US" style="color: rgb(34, 34, 34); font-family: Arial, sans-serif; font-size: 12pt;">Dear Erika, Dear All,
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<p style="background:white;margin:0cm 0cm 0pt;line-height:normal"><span lang="EN-US" style="color: rgb(34, 34, 34); font-family: Arial, sans-serif; font-size: 12pt;">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.</span></p>
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<p style="background:white;margin:0cm 0cm 0pt;line-height:normal"><span lang="EN-US" style="color: rgb(34, 34, 34); font-family: Arial, sans-serif; font-size: 12pt;">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.</span></p>
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<p style="background:white;margin:0cm 0cm 0pt;line-height:normal"><span lang="EN-US" style="color: rgb(34, 34, 34); font-family: Arial, sans-serif; font-size: 12pt;">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</span></p>
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<p style="background:white;margin:0cm 0cm 0pt;line-height:normal"><span lang="EN-US" style="color: rgb(34, 34, 34); font-family: Arial, sans-serif; font-size: 12pt;">Regards</span></p>
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<p style="background:white;margin:0cm 0cm 6.75pt;line-height:normal"><span lang="EN-US" style="color: rgb(34, 34, 34); font-family: Arial, sans-serif; font-size: 12pt;">Kavouss<span></span></span></p>
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<div class="gmail_quote">On Thu, Aug 10, 2017 at 5:56 PM, Joke Braeken <span dir="ltr">
<<a href="mailto:joke.braeken@icann.org" target="_blank">joke.braeken@icann.org</a>></span> wrote:<br>
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<p class="MsoNormal"><span style="font-size:11pt">Dear All,<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt"> <u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt">Please find below the notes and action items from today’s CCWG-AP meeting.<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt"> <u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt">Best regards,<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt"> <u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt">Joke Braeken<u></u><u></u></span></p>
<p class="MsoNormal"><b><span style="font-size:11pt"> </span></b><span style="font-size:11pt"><u></u><u></u></span></p>
<p class="MsoNormal"><b><span style="font-size:11pt">Notes CCWG – AP Meeting 10 August 2017</span></b><span style="font-size:11pt">:<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt"> <u></u><u></u></span></p>
<p class="MsoNormal"><i><span style="font-size:11pt">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: <a href="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=" target="_blank">https://community.icann.<wbr>org/x/DLHDAw</a></span></i><span style="font-size:11pt">.<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt"><u></u> <u></u></span></p>
<ol type="1" style="margin-top:0cm" start="1">
<li class="m_-8756442608206466139MsoListParagraph" style="margin-left:0cm"><b><i><span style="font-size:11pt">Roll Call<u></u><u></u></span></i></b></li></ol>
<p class="m_-8756442608206466139MsoListParagraph"><i><span style="font-size:11pt"><u></u> <u></u></span></i></p>
<ul type="disc" style="margin-top:0cm">
<li class="m_-8756442608206466139MsoListParagraph"><span style="font-size:11pt">Please state your name for <wbr>transcription purposes and <wbr>keep microphones on mute when <wbr>not speaking.<u></u><u></u></span></li><li class="m_-8756442608206466139MsoListParagraph"><span style="font-size:11pt">Attendance will be taken from <wbr>the AdobeConnect room.<u></u><u></u></span></li></ul>
<p class="MsoNormal"><span style="font-size:11pt"><u></u> <u></u></span></p>
<ol type="1" style="margin-top:0cm" start="2">
<li class="m_-8756442608206466139MsoListParagraph" style="margin-left:0cm"><b><i><span style="font-size:11pt">Welcome – DOI</span></i></b><b><i><span style="font-size:11pt"><u></u><u></u></span></i></b></li></ol>
<p class="MsoNormal"><span style="font-size:11pt"><u></u> <u></u></span></p>
<ol type="1" style="margin-top:0cm" start="3">
<li class="m_-8756442608206466139MsoListParagraph" style="margin-left:0cm"><b><i><span style="font-size:11pt">Overview from Xavier Calvez <wbr>on investment management<u></u><u></u></span></i></b></li></ol>
<p class="MsoNormal"><i><span style="font-size:11pt"><u></u> <u></u></span></i></p>
<p class="MsoNormal"><span style="font-size:11pt">The intention of this <wbr>presentation is <u></u><u></u></span></p>
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<li class="m_-8756442608206466139MsoListParagraph" style="margin-left:18pt"><span style="font-size:11pt">to allow the group to think <wbr>on the issue of investment, <u></u><u></u></span></li><li class="m_-8756442608206466139MsoListParagraph" style="margin-left:18pt"><span style="font-size:11pt">to understand ICANN's <wbr>practice, and to answer any <wbr>questions that might be <wbr>raised. <u></u><u></u></span></li></ul>
<p class="MsoNormal"><span style="font-size:11pt">It helps to inform the <wbr>discussion on the ROI of the <wbr>fund; It includes an overview <wbr>of how the auction proceeds <wbr>are currently managed, which <wbr>might lead to how they might <wbr>be managed in the future.<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt">Important to note:<u></u><u></u></span></p>
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<li class="m_-8756442608206466139MsoListParagraph" style="margin-left:0cm"><span style="font-size:11pt">only conservative investment <wbr>policies are being used<u></u><u></u></span></li><li class="m_-8756442608206466139MsoListParagraph" style="margin-left:0cm"><span style="font-size:11pt">the investment strategy will be <wbr>designed in support of the <wbr>objectives<u></u><u></u></span></li></ul>
<p class="MsoNormal"><span style="font-size:11pt"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt">An overview of some <wbr>illustrative investment <wbr>scenarios was provided, <wbr>followed by Q&A.<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt">Parameters that need to be <wbr>considered:<u></u><u></u></span></p>
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<li class="m_-8756442608206466139MsoListParagraph" style="margin-left:0cm"><span style="font-size:11pt">amount of money<u></u><u></u></span></li><li class="m_-8756442608206466139MsoListParagraph" style="margin-left:0cm"><span style="font-size:11pt">horizon<u></u><u></u></span></li><li class="m_-8756442608206466139MsoListParagraph" style="margin-left:0cm"><span style="font-size:11pt">level of risk (which is not <wbr>correlated to the horizon)<u></u><u></u></span></li></ul>
<p class="MsoNormal"><span style="font-size:11pt"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt">Financial information is <wbr>regularly provided during the <wbr>quarterly stakeholder calls. <u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt">(amount from latest update - <wbr>Q3 data of FY17. <a href="https://www.icann.org/quarterlyreports" target="_blank">https://www.<wbr>icann.org/quarterlyreports</a>)<u></u><u></u></span></p>
<ul type="disc" style="margin-top:0cm">
<li class="m_-8756442608206466139MsoListParagraph" style="margin-left:0cm"><span style="font-size:11pt">Reserve Fund: 64 million<u></u><u></u></span></li><li class="m_-8756442608206466139MsoListParagraph" style="margin-left:0cm"><span style="font-size:11pt">New gTLD unspent application <wbr>fees: 128 million<u></u><u></u></span></li><li class="m_-8756442608206466139MsoListParagraph" style="margin-left:0cm"><span style="font-size:11pt">Auction proceeds: 233 million<u></u><u></u></span></li><li class="m_-8756442608206466139MsoListParagraph" style="margin-left:0cm"><span style="font-size:11pt">Annual budget of ICANN. FY18 <wbr>budget expenses 142 million <wbr>USD.<u></u><u></u></span></li></ul>
<p class="MsoNormal"><span style="font-size:11pt"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt">Regarding replenishing the <wbr>reserve fund: appropriate <wbr>procedures need to be taken, <wbr>appropriate approvals and <wbr>decisions need to be in place <wbr>for it to be legal. <u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt">This is however a moral <wbr>question as well. The charter does include this <wbr>question: “To what extent (<wbr>and, if so, how) could ICANN, <wbr>the Organization or a <wbr>constituent part thereof, be <wbr>the beneficiary of some of <wbr>the auction funds”<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt">The group needs to discuss <wbr>this at a later stage.<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt"><u></u> <u></u></span></p>
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<li class="m_-8756442608206466139MsoListParagraph" style="margin-left:0cm"><b><i><span style="font-size:11pt">Next meeting </span></i></b><b><i><span style="font-size:11pt"><u></u><u></u></span></i></b></li></ol>
<p class="m_-8756442608206466139MsoListParagraph"><span style="font-size:11pt"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt">next CCWG-AP meeting is <wbr>scheduled for Thursday 24 <wbr>August at 14.00 UTC<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt">= = = = <u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt"><u></u> <u></u></span></p>
<p class="MsoNormal"><b><span style="font-size:11pt">Action item #1: <u></u><u></u></span></b></p>
<p class="MsoNormal"><span style="font-size:11pt">CCWG to review the slides presented by Xavier (published on
<a href="https://community.icann.org/display/CWGONGAP/2017-08-10+CCWG+New+gTLD+Auction+Proceeds+call)" target="_blank">
https://community.icann.org/<wbr>display/CWGONGAP/2017-08-10+<wbr>CCWG+New+gTLD+Auction+<wbr>Proceeds+call)</a> and to share any further questions for Xavier on the group’s mailing list.<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt"><u></u> <u></u></span></p>
<p class="MsoNormal"><b><span style="font-size:11pt">Action item #2:<u></u><u></u></span></b></p>
<p class="MsoNormal"><span style="font-size:11pt">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.<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt"><u></u> <u></u></span></p>
<p class="MsoNormal"><b><span style="font-size:11pt">Action item #3: <u></u><u></u></span></b></p>
<p class="MsoNormal"><span style="font-size:11pt">CCWG to review responses to charter <wbr>question #4 and to continue the discussion on the mailing list.<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt">(see <a href="https://www.surveymonkey.com/results/SM-6GNDQHJ6/" target="_blank">https://www.surveymonkey.<wbr>com/results/SM-6GNDQHJ6/</a> )<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt">= = = = <u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt"><u></u> <u></u></span></p>
<p class="MsoNormal"><span lang="EN-US" style="color:black;font-size:11pt"><u></u> <u></u></span></p>
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<p class="MsoNormal"><span lang="EN-US" style="color:black;font-size:11pt">Joke Braeken<u></u><u></u></span></p>
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<p class="MsoNormal"><span lang="EN-US" style="color:black;font-size:11pt">ccNSO Policy Advisor <u></u><u></u></span></p>
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<p class="MsoNormal"><span lang="EN-US" style="color:black;font-size:11pt"><a href="mailto:joke.braeken@icann.org" target="_blank"><span style="color:blue">joke.braeken@icann.org</span></a><u></u><u></u></span></p>
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<p class="MsoNormal"><span lang="EN-US" style="color:black;font-size:11pt">Follow @ccNSO on Twitter: <a href="https://twitter.com/ccNSO" target="_blank"><span style="color:rgb(149,79,114)">https://twitter.com/<wbr>ccNSO</span></a><u></u><u></u></span></p>
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<p class="MsoNormal"><span lang="EN-US" style="color:black;font-size:11pt">Follow the ccNSO on Facebook: <a href="https://www.facebook.com/ccnso/" target="_blank"><span style="color:rgb(149,79,114)">https://www.<wbr>facebook.com/ccnso/</span></a><u></u><u></u></span></p>
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