Minutes | Meeting of the Risk Committee of the Board (BRC) | 26 April 2024

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

BRC Member Apologies: Harald Alvestrand, Chris Chapman, and Wes Hardaker

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 discussed refining and clarifying the definitions of different types of risk categories. The Committee acknowledged the importance of defining the categories in guiding ICANN's risk management process, noting that they should map to ICANN's mission and operations. The Committee also discussed refining the descriptions to add more clarity reflecting ICANN's risk landscape and provide meaningful guidance for risk management activities, while focusing on what is important to ICANN both internally and externally.
   • Actions:
     • ICANN org to provide the Committee with the refined risk categories and definitions within the context of ICANN's operations.
     • 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.
     • The BRC to continue the discussion at its next meeting.