Board of Trustees Meeting Minutes - 14 March 2014 [Archived]

Teleconference

Attendees:

• Vint Cerf, Chair

• Paul Andersen,Treasurer/ Vice Chair

• John Curran, President & CEO

• Timothy Denton, Secretary

• Aaron Hughes, Trustee

• Bill Sandiford, Trustee

• Bill Woodcock, Trustee

Note Taker:

• Thérèse Colosi

ARIN Staff:

• Nate Davis, COO

Counsel:

• Stephen Ryan, Esq

1. Welcome & Agenda Review

The Chair called the meeting to order at 1:03 p.m. EDT. The presence of quorum was noted. It was acknowledged that Bill Sandiford would be delayed.

2. Consent Agenda

The Chair reviewed the Consent Agenda with the Board.

1. Minutes of Teleconference.
2. 2013 Investment Performance Report.
3. August ARIN Board Workshop.
4. Board Travel Matrix.

It was moved by Paul Andersen, and seconded by Aaron Hughes, that:

“The ARIN Board of Trustees approves the Consent Agenda.”

The Chair called for any objections.

The motion carried with no objections.

3. Treasurer Report

The Treasurer stated that ARIN’s Investment Policy Statement was reviewed last year in order to update it. The document was changed to update staffing changes, and to implement slightly tighter controls on removing funds from the investment accounts (requiring two signatories versus one to do so). Tim Denton queried why some duties were removed from the Investment Consultant. The Treasurer explained that based on the review with Morgan Stanley, as an example, the voting of shares was removed because ARIN does not hold shares, ARIN holds mutual funds. The language was revised to accurately reflect the roles. The President also stated that it was to separate the roles of the Mutual Fund Manager and the Investment Consultant to ensure each was fulfilling their respective duties in the correct manner.

Bill Woodcock joined at this time (1:08 p.m. EDT).

It was moved by Paul Andersen, and seconded by Aaron Hughes, that:

“The ARIN Board of Trustees approves the revised ARIN Investment Policy Statement, as written.”

The Chair called for discussion. There was no further discussion.

Bill Sandiford joined at this time (1:12 p.m. EDT).

The motion carried with 6 in favor and 1 abstention via roll call.

4. General Counsel Report

Counsel provided an attorney-client privileged brief to the Board.

5. IANA Evolution

The President provided an update on the matter to the Board. The ARIN Board agreed with proceeding as recommended, including endorsement of planning activities toward the transition of the USG/NTIA’s present stewardship role.

6. Any Other Business

The Chair called for any other business. Bill Sandiford stated, as a matter of information, that he had been the President of Telnet Communications for the past 18 years, but that will change with the successful completion of the sale of the company. The Board congratulated Bill on his success.

7. Adjournment

The Chair entertained a motion to adjourn at 1:59 p.m. EDT. It was moved by Tim Denton and seconded by John Curran to adjourn. The motion carried with no objections.