Board Minutes - 15 October 2013

Public Version
Meeting of the .au Domain Administration Board

15 October 2013 - 2:00pm
Park Hyatt Hotel. 1 Parliament Square, Melbourne VIC 3002

Present:
Tony Staley (Chair), Julie Hammer, Josh Rowe, Cheryl Langdon-Orr, George Pongas, Paul Levins, Graham McDonald, Stuart Benjamin, Erhan Karabardak, Joe Manariti, Chris Disspain

Observers:
John Higgins (Nexia Australia), Neal Dunne (Nexia Australia – Items 1-3), Keith Besgrove (DBCDE), Jo Lim (auDA), Jacki O’Sullivan (auDA–Minutes)

Apologies:
Kartic Srinivasan

1.    Continuous Disclosure

• Erhan Karabardak advised he has been registered as a Trademarks Attorney by IP Australia.
• Josh Rowe advised he has commenced a new role as Head of Digital with Medibank Health Solutions.

2.    Confirmation of August 2013 Minutes

• The minutes of the 19 August 2013 Board meeting were confirmed.

3.    Finance

• The Board noted the September 2013 accounts.
• Neal Dunne, Nexia Australia, attended and gave a summary of the re-evaluation of the investment proposal and recommendation for the remaining $1M of agreed investment funds.
• Motion (proposed G McDonald, seconded C Langdon-Orr):  That the Board accept the Finance Committee’s recommendation to proceed with the Nexia Australia re-evaluated Investment Proposal for the remaining $1M of agreed investment funds (PIMCO Australian Focused Fund $350K, UBS Australian Bond Fund $300K, UBS Diversified Fixed Interest Fund $350K).  Carried.

4.    CEO Report

• The CEO report was noted.
• The CEO advised the auDA Foundation Board had met on 14 October 2013 and had approved funding for 14 projects at a total of $300,862.  Successful applicants would be announced at the end of
  October along with the launch of the auDA Foundation Knowledge Centre.
• The Board was advised the Registry Contract had been completed and signed on 14 October 2013.

5.    Board Committee Updates

Committee minutes are sent to the Board list after each Committee meeting, prior to being published on the auDA website. 

Finance & Audit Committee:

• The Chair advised the Committee had met on 11 October 2013 and minutes would be circulated shortly for comment.

Governance, Board Succession & Remuneration Committee:

• The Chair advised the Committee had met on 11 October 2013 and minutes would be circulated shortly for comment.

Strategic Risk Committee:

• The Chair advised the Committee did not have a meeting scheduled in October and is next due to meet following the December Board meeting.

6.    Membership

• The following membership applications were approved in the classes indicated.

7.    Board Correspondence

 There was no Board correspondence.

 8.    Other Business

• Keith Besgrove (DBCDE) advised the new Secretary of DBCDE, Drew Clarke, would attend the first day of the auIGF.

9.    Next Meeting

• The next Board meeting will be held on Monday 9 December 2013 at 2.00pm in Melbourne.  The meeting will be preceded by a workshop conducted by the Australian Institute of Company Directors and followed by the auDA Christmas function.  Further details will be supplied in due course.