Minutes | Meeting of the Risk Committee of the Board (BRC) | 11 April 2024

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

BRC Member Apologies: Chris Chapman

Other Board Member Attendee: Katrina Sataki

ICANN organization Attendees: Xavier Calvez (SVP, Planning & Chief Financial Officer), Franco Carrasco (Board Operations Manager), Elizabeth Le (Associate General Counsel), and Amy Stathos (Deputy General Counsel)

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

1. Continuation of the Review of the Risk Appetite Statement (RAS) – The Committee considered proposed updates to the Risk Appetite Statement. The Committee reviewed the proposed revisions to the RAS that distinguishes the internal and external risk categories and clarifies the definition of each category to bolster understanding of what each category means. Following discussion, the Committee agreed to revise the risk categories and descriptions that aim for better alignment with organizational objectives. The Committee also discussed scheduling monthly meetings to ensure ongoing progress on risk-related matters.
   • Actions:
     • ICANN org to update the RAS for further Committee review to reflect the Committee's discussion.
     • ICANN org to develop a process document that outlines the sequence of steps for the BRC in which it will review the risk appetite statement as part of the Committee's oversight.