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Board Activities and Meetings

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Approved Board Resolutions | Regular Meeting of the ICANN Board 26 March 2014

  1. Consent Agenda
    1. Approval of President and CEO FY14 At-Risk Compensation

 

  1. Consent Agenda:

    1. Approval of President and CEO FY14 At-Risk Compensation

      Whereas, each Board member has confirmed that he/she does not have a conflict of interest with respect to establishing the amount of payment for the President and CEO's FY14 T2 at-risk compensation payment.

      Whereas, the Compensation Committee recommended that the Board approve payment to the President and CEO for his FY14 T2 at-risk compensation.

      Resolved (2014.03.26.01), the Board hereby approves a payment to the President and CEO for his FY14 T2 at-risk compensation component.

      Resolved (2014.03.26.02), specific items within this resolution shall remain confidential as an "action relating to personnel or employment matters", pursuant to Article III, section 5.2 of the ICANN Bylaws.

      Rationale for Resolutions 2014.03.26.C01 – 2014.03.26.C02

      When the President and CEO was hired, he was offered a base salary, plus an at-risk component of his compensation package. Consistent with all ICANN staff members, the President and CEO is evaluated against specific goals that he sets in coordination with the Compensation Committee.

      In Singapore, the Compensation Committee recommended that the Board approve the President and CEO's at-risk Compensation for the second trimester of FY14 and the Board agrees with that recommendation.

      While this will have a fiscal impact on ICANN, it is an impact that was contemplated in the FY14 budget. This decision will not have an impact on the security, stability or resiliency of the domain name system.

      This in an Organizational Administrative Function that does not require public comment.

Published on 28 March 2014

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