May 14, 2017
9:58 p.m.
On 14 May 2017 at 17:27, <bzs@theworld.com> wrote:
That said I would agree that there is a tendency when running any business that "excess" cash tends to get allocated one way or another barring an iron-willed commitment otherwise which is not what I'd expect of an organization structured like ICANN.
I don't know about that. I've been involved with some nonprofits that believe it imperative to, as possible, maintain a reserve fund to deal with unintended or unanticipated circumstances. The amount of this reserve may be capped by taxation authorities who don't want it too high, but having a substantial fund to guard against liability, especially in uncharted territory such as ICANN's, is certainly prudent. - Evan