Minutes | Meeting of the Risk Committee of the Board (BRC) | 1 October 2024

BRC Attendees: Harald Alvestrand, Becky Burr, Chris Chapman, James Galvin (Chair), Wes Hardaker, and Patricio Poblete

BRC Member Apology: Maarten Botterman

ICANN organization Attendees: Xavier Calvez (SVP, Planning and Chief Financial Officer), Franco Carrasco (Board Operations Manager), Irina Douzadjian (Risk Management and Internal Audit Sr. Director), and Elizabeth Le (Deputy General Counsel), and Amy Stathos (Deputy General Counsel).

The following is a summary of discussions, actions taken and actions identified:

1. Introduction and Opening Remarks – The Chair opened the meeting and introduced the agenda.
2. BRC Charter – Review and Discussion – The Committee discussed the proposed revisions to the current BRC Charter. The Committee discussed whether summary or full internal audit findings are submitted to the Committee and agreed to revise the BRC Charter to reflect that the full internal audit findings are submitted to the Committee. The Committee also discussed the qualifications and independence of internal auditors and the hiring process and agreed to revise the BRC Charter to reflect BRC's responsibilities to include oversight over the internal audit function. The Committee asked ICANN staff to update the proposed revised charter to reflect the Committee's discussion for further consideration and approval by the BRC, with the goal of presenting the revised charter for the Board Governance Committee's approval and then for Board consideration.
   • Action: ICANN org to update the proposed revised charter to reflect to Committee's discussion and circulate the updated charter by email of the Committee's online approval.