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<div name="messageBodySection">Ok, looks like I”m the 3rd or 4th person to post this to the Council list. Hazards of me working backwards though my inbox, I suppose.<br>
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Thank you,<br>
<br>
J.<br>
—————<br>
James Bladel<br>
GNSO Chair</div>
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On Oct 14, 2017, 19:04 -0500, James M. Bladel <jbladel@godaddy.com>, wrote:<br>
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<div name="messageBodySection">Councilors, see below. ICANN is seeking comments on its Reserve Fund strategy. Please share with your SG/C.</div>
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Thank you,<br>
<br>
J.<br>
—————<br>
James Bladel<br>
GNSO Chair</div>
<div name="messageReplySection"><br>
---------- Forwarded message ----------<br>
<b>From:</b> David Olive <david.olive@icann.org><br>
<b>Date:</b> Oct 13, 2017, 14:22 -0500<br>
<b>To:</b> so-ac-sg-cleaders@icann.org <so-ac-sg-cleaders@icann.org><br>
<b>Cc:</b> Xavier J. Calvez <xavier.calvez@icann.org><br>
<b>Subject:</b> [So-ac-sg-cleaders] Public comment on Reserve Fund - Message from the ICANN CFO<br>
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<p class="MsoNormal"><span style="font-size:11.0pt">Dear Community Leaders:</span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"> </span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">Please read the message from the ICANN CFO.</span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"> </span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">---------------------</span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt">Dear All,</span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"> </span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">This email is to inform you of the public comment on the ICANN Reserve Fund which has just been opened yesterday (see link below). It focuses on updating the rationale and the target level that the ICANN Reserve
 Fund should have.</span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"> </span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">Community input is critical on this topic as the Reserve Fund is THE pillar of ICANN’s financial stability and sustainability. The Community input will help with the definition of rationale, and contribute
 to setting the target level. This is key to then determine the mechanisms that the Organization should put in place to reach and maintain the Reserve Fund.</span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"> </span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">We will engage with everyone interested on this topic during ICANN60 for those who will be present. Looking forward to seeing you there. If you have questions on the content, please submit them as public comments
 as they will also help others, otherwise feel free to reach out to me.</span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"> </span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"><a href="https://urldefense.proofpoint.com/v2/url?u=https-3A__www.icann.org_public-2Dcomments_reserve-2Dfund-2D2017-2D10-2D12-2Den&d=DwMGaQ&c=FmY1u3PJp6wrcrwll3mSVzgfkbPSS6sJms7xcl4I5cM&r=h7ObVMPGpAcLv72avqZ3syNYxeg9Akd-D4l9_q4cPOQ&m=D62ZyhFewD7SAUzQdB4n8ZKLMb_vFST2Q0zHr7I-Qc4&s=CI7oA6M-N3jgE2cK-c_MMWeG8KZizagFZ9wEhU0PdjA&e=">https://www.icann.org/public-comments/reserve-fund-2017-10-12-en[icann.org]</a></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"> </span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">Thank you.</span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"> </span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">Best,</span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"> </span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">Xavier</span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"> </span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">Xavier Calvez</span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">ICANN – SVP & CFO</span></p>
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