Historical Resolution Tracking Feature » 2010-12-10 - ICANN Disbursement Policy
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2010-12-10 - ICANN Disbursement Policy
Adopts the revised Disbursement Policy.
- None
1.7. ICANN Disbursement Policy
Whereas, the Disbursement Policy adopted by the Board in 2008 <http://www.icann.org/en/financials/finl_control-signing_authority.htm> requires that two of the three officers required to approve disbursements greater than $100,000 but less than $500,000 must be the Chief Financial Officer (CFO), Chief Operating Officer (COO), or the Chief Executive Officer (CEO).
Whereas, pending the hiring of a new CFO, the COO will be named the Interim CFO.
Whereas, given that the COO will be named the Interim CFO, the BFC has recommended that the Board adopt changes to the Disbursement Policy requiring just one of three officers needed to approve disbursements greater than $100,000 but less than $500,000, be the CFO, the COO or the CEO.
Resolved (2010.12.10.08), the Board adopts the revised Disbursement Policy <http://www.icann.org/en/financials/finl_control-signing_authority.htm>.
- The resolution does not address funding for the items identified therein.