In about five months' time, the current agreement between ICANN and the U.S. government will expire. At that point, Viviane Reding, the European Union's Commissioner for Information Society and Media, is hoping ICANN will become a fully independent organization with a more international support network.
Reding explained in a video
Reding believes ICANN should be privatized, then, with a special emphasis on financial transparency. She would also like to see ICANN's decisions made subject to full judicial reviews (performed by international tribunals) upon affected parties' request. And last but not at all least, she envisions a "
Since Reding emphasizes that she's generally happy with ICANN's performance, it's hard to speculate on how these changes might affect things going forward. Still, it sounds like the EU is ready to put a little pressure on President Obama to help move the revision process along.
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