Dear RIPE NCC members, The RIPE NCC Executive Board held its 120th Meeting on 13 December 2018. The draft minutes of this meeting are now available: https://www.ripe.net/about-us/executive-board/minutes/2018/minutes-120th-rip... The Executive Board publishes the minutes of its meetings so that the workings of the Board and the decisions it makes are transparent for the membership that it represents. The following is a summary of the main items from the meeting. Further details are available in the minutes. - The Executive Board approved three new documents specifying Terms and Conditions for Monitoring Infrastructure Domains in DNSMON, the RIPE Academic Cooperation Initiative (RACI) and the RIPE Fellowship Programme. - The Executive Board also approved amendments to the Terms and Conditions for RIPE Meeting registration and the RIPE Atlas service. - The Executive Board approved an update to the RIPE NCC Standard Service Agreement for presentation and approval at the next RIPE NCC General Meeting. - The Executive Board supported the implementation of an enhanced billing cycle and instructs the RIPE NCC Management to implement a yearly billing process, including payment options for members with cash flow limitations. - The RIPE NCC Executive Board approved the RIPE NCC Activity Plan and Budget 2019, including additional resources for restructuring of the organisation. The changes are included in the final draft of the document published in December 2018. Kind regards, Axel Pawlik Managing Director RIPE NCC