Dear RIPE NCC members, The RIPE NCC Executive Board held its 176th meeting from 24-25 June 2024. The minutes are now available: https://www.ripe.net/about-us/executive-board/minutes/2024/176th-executive-b... The Executive Board publishes the minutes of its meetings so that the workings of the Board and the decisions it makes are transparent to the membership it represents. The following is a summary of the main items from the meeting. Further details are available in the minutes. ------------------------------- Main Items ------------------------------- - Chief Legal Officer Athina Fragkouli presented the duties and liabilities of Executive Board members. The board discussed instructions to staff, termination of SSAs, Board Treasurer responsibilities, and GM process compliance with the Articles of Association. - Chief Financial Officer Simon-Jan Haytink presented a proposal to sell the current exchange-traded funds (ETFs). The proceeds, along with funds from two cash deposits, would be reinvested with the investment partner to increase returns and diversify the portfolio. - The Board discussed the RIPE NCC Clearing House reserve, including the origins and history of the RIPE NCC reserves and the expiring tax ruling with Dutch authorities. The Board discussed potential risks to income collection and liabilities from transfer facilitation and requested Simon-Jan clarify the risks and rationale for the reserves under different scenarios and anticipated risks to RIPE NCC operations. - Simon-Jan presented an indicative cost budget for 2025/2026, seeking the Board's guidance on whether to decrease, maintain, or increase the budget. The Board emphasised the importance of not spending all forecast income and continuing surplus redistribution, without cutting services. They discussed critically evaluating expenditures, charging members for specific services, and exploring sponsorship opportunities, particularly in emerging markets. Simon-Jan proposed aiming for a budget surplus of 1-1.5 million euros in 2025 and 1 million euros in 2026, which the Board approved. - Hans Petter provided an update to the Board on current topics. He detailed the work on sanctions compliance, the process for police reports, the implications of securitising IPv4 holdings, CO2 emissions reporting regulations for 2025, cost savings on data centres and storage, and the impact of the NIS2 Directive on the RIPE NCC. - Hans Petter presented on the Activity Plan 2025, advocating to retain five-year strategic plans to ensure long-term focus. The Board agreed with the five-year approach and the analysis. Discussions included the importance of registry accuracy, automation, supporting new task forces, and promoting RIPE NCC services. Emphasis was also placed on the political significance of registry accuracy and the necessity of prioritising security and compliance. - RIPE Chair Mirjam Kühne provided an update on RIPE community developments including a review of RIPE 88, highlighting positive feedback particularly from newcomers and planning for RIPE 89. Additionally, she is working on improving the RIPE Document Store for better accessibility and clarity. - Chief Community Officer Hisham Ibrahim presented a proposal to pause the Community Projects Fund in 2025 so that a review could be undertaken and issues addressed. The Board discussed measures that could be taken to improve the CPF and resolved to suspend the activity in 2025. - Head of Membership Engagement Fergal Cunningham presented a review of the General Meeting May 2024 including the preparations, the member proposal system that was created for this GM, the voting results, and the feedback received from members throughout the GM process. - The Board discussed the role of the RIPE CoC Team on the members discuss mailing list after the team asked what role they may need to have. The Board decided to keep the existing process in place for moderation of the members-discuss mailing list. - The Board discussed unmoderated archive retention and it was agreed to automatically remove emails from the unmoderated members-discuss mailing list archives after three months. - Athina gave an update on the ASO AC’s work on a principles document for the update to “Criteria for Establishment of New Regional Internet Registries” (ICP-2). - Remco gave a review of the BoF “Building A Stable Future for the RIPE NCC” that took place at RIPE 88 and the work involved in reviewing the structure and governance of the RIPE NCC to make sure it is set up adequately for the landscape it now operates in. - The Board discussed and resolved to set up a new charging scheme task force. They spoke on the makeup of the task force and the timeline. Other topics discussed: - Treasury Status Report and Treasury Statute Annual Review - Update on the establishment of RIPE NCC Middle East FZ-LLC - Charging Scheme 2025 Implementation - RIPE NCC Middle East FZ-LLC - Financial status May 2024 - An overview of the legal issues facing AFRINIC - Board member roles for the coming year - Actions on harnessing community power - Proposed Executive Board training ------------------------------- Resolutions Adopted ------------------------------- Resolution EB#176-R-01 The RIPE NCC Executive Board approves the minutes of EB#174 and EB#175. Resolution EB#176-R-02 The RIPE NCC Executive Board reviewed and approves the RIPE NCC Treasury Statute, according to the agreed yearly review cycle. Resolution EB#176-R-03 The RIPE NCC Executive Board resolves to sell the Exchange Traded Funds owned by the RIPE NCC. Further, the RIPE NCC Executive Board, considering: - Their previous resolution to approve an initial investment of EUR 10 million with an investment partner, in accordance with the Treasury statute (Resolution EB#168-R-03), and - The initial results of the investment portfolio presented by the investment partner during the EB#174 meeting, resolves the addition of EUR 5.7 million to the investment portfolio managed by this investment partner. Resolution EB#176-R-04 The RIPE NCC Executive Board resolves to suspend the activity “RIPE NCC Community Projects Fund” for 2025. Resolution EB#176-R-05 The RIPE NCC Executive Board resolves to retain emails for no longer than three months in the archives of the unmoderated members-discuss mailing list. Resolution EB#176-R-06 The RIPE NCC Executive Board resolves to set up a Charging Scheme Task Force, involving representatives from the RIPE NCC membership, to work on the principles that should apply to future RIPE NCC Charging Schemes. Kind regards, Hans Petter Holen Managing Director and Chief Executive Officer RIPE NCC