Offer an updated rationale for the Reserve Fund and its target level.
The Reserve Fund is governed in ICANN's Investment Policy.
Following the public comment process, the ICANN Organization will consider the comments received and propose to the ICANN Board updates to the Investment Policy.
Section I: Description and Explanation
The purpose of this process is to offer an updated Rationale and Target Level of the ICANN Reserve Fund for public comment and input. ICANN welcomes public comments on this document to obtain community and public input on its Reserve Fund for transparency in its management of public funds.
The input collected during this public comment process will be reviewed and addressed consistently with ICANN's public comment process and will be considered by the ICANN Board.
Based on the outcome of the public comment process on the defined Rationale and Target Level, further work will be performed on the Governance of the Reserve Fund (allocation to / withdrawal from, periodic reviews…) and further community and public input will be solicited.
Section II: Background
ICANN's Reserve Fund was established in 2007 with a target level of a minimum of 12 months of Operating expenses. Since then, the ICANN Organization and its risk profile have significantly evolved. An updated rationale for the existence of the Reserve Fund and for its target level is offered for public comment.
Section III: Relevant Resources
ICANN Reserve Fund [PDF, 926 KB]
ICANN Investment Policy: https://www.icann.org/resources/pages/investment-policy-2017-09-18-en