ICANN Resolutions » Singapore Office Lease
Important note: The Board Resolutions are as reported in the Board Meeting Transcripts, Minutes & Resolutions portion of ICANN's website. Only the words contained in the Resolutions themselves represent the official acts of the Board. The explanatory text provided through this database (including the summary, implementation actions, identification of related resolutions, and additional information) is an interpretation or an explanation that has no official authority and does not represent the purpose behind the Board actions, nor does any explanations or interpretations modify or override the Resolutions themselves. Resolutions can only be modified through further act of the ICANN Board.
Board authorizes the President and CEO to enter into a lease for the ICANN Singapore hub office in an amount not to exceed US$750,000 for a two-year term.
Whereas, ICANN has stated its objective to open and staff a hub office in Singapore. Whereas, staff performed a thorough search to identify and evaluate locations and costs for suitable office facilities. Whereas, on 12 July 2013 the Board Finance Committee recommended that the Board authorize the President and CEO to enter into, and make all necessary disbursements for, a lease for the ICANN Singapore hub office, in an amount not to exceed US$750,000 for a two-year term. Resolved (2013.07.18.08), the Board authorizes the President and CEO to enter into, and make all necessary disbursements for, a lease for the ICANN Singapore hub office in an amount not to exceed US$750,000 for a two-year term.
ICANN is committed to expanding its ability to service all geographic regions across the globe and in particular to have hub offices in key time zones. ICANN evaluated numerous locations and determined that locating a hub office in Singapore would help serve the entire region. Staff underwent extensive research to identify and evaluate the location and costs of a potential Singapore hub office. As a result, staff has identified an optimal location for the Singapore hub office, but the amount of the office lease, which requires a two-year commitment, exceeds staff’s contracting and disbursement authority, and must be approved by the Board. Both staff and the Board Finance Committee have recommended that the Board authorize the President and CEO to enter into the two-year lease and the Board agrees. This decision will have a financial impact on ICANN, however, this impact was anticipated and allotted for in ICANN’s FY14 budget. This decision is not anticipated to have any impact on the security, stability and resiliency of the domain name system. This is an Organizational Administrative Function that does not require public comment.