Does ICANN have a policy for the constituent groups which covers, e.g., ICANN Board of Director's responsibilities for financial oversight and auditing as relates to the subgroups; conflicts of interest, finances and fund raising; autonomy of the SGs with respect to finances; how the groups' finances and fund-raising fit with the not-for-profit status under US/CA law (governing law for ICANN)?  The twin issues of possible tax liability for the named holder of the accounts (if private accounts) and issues of corporate governance are both important to clarify before engaging in new fundraising.  Being treasurer of a group with no money may be more complex than it appears on the surface!

Barbara

On Mon, Jul 4, 2016 at 5:10 PM, Ron Wickersham <[log in to unmask]> wrote:
On Mon, 4 Jul 2016, Sam Lanfranco wrote:

As Chair of the NCSG finance committee I see our remit as doing the research to identify best practices here, identify
the pluses and minuses of different strategies, and placing that information on the table for all to see, and some to use.

It is possible to set up an unincorporated entity account in a Canadian bank,
with full services across currencies, and with two signatures for disbursal of funds.
The handicap there is the need for individual physical bank visits to change signing authority.

 Hi Sam,

Could you consider the strategy of each new Treasurer to set up an account
that is convenient in his or her circumstances (travel, citizenship, local
banking laws, etc.) and that as soon as that new account is ready to accept funds, all the money in the old account is transferred to the new
one?

This means that there is no longer the requirement of an "eternal" account
in the name of NCSG where control of that account is transferred, which
as you point out has some big issues if someone distant takes over the
responsibilities of Treasurer.

In the absence of any bylaws or formation documents that preclude this
approach, it seems to me that the NCSG process that selects the Treasurer
could also approve this method of conducting the Treasurer's business.

-ron