Narayanswamy Srinivasan, the President of BCCI on 8 February 2014 was elected as the new Chairman of the International Cricket Council (ICC). His tenure of the office will begin in July 2014 for a period of 2 years. This decision was taken by the ICC Board during their meet in Singapore. He will succeed Alan Raymond Isaac.
Apart from the approval on his name, the new model of Governance, finance and competition was also approved by the voice-vote. The new proposal was voted by eight member countries of ten member nations. Sri Lanka and Pakistan abstained from voting saying that more time was needed by them to consult with their boards on the amended resolution.
With this appointment, the ICCs Board will be headed by Srinivasan. ICC Board is the apex decision making body of the world cricket. Srinivasan will be assisted by a new Executive Committee that will be chaired by Wally Edwards from Australia. The Finance and Commercial Affairs Committee chaired by Giles Clarke from the English cricket Board.
The newly elected team will oversee the affairs of the international cricket during its two year transition period till 2016. Later on, the full members of the ICC will elect a new Chairman while BCCI, CA and ECB - will be represented on both sub-committees, along with two representatives of the other Full Members who will be elected by the Board.
The newly voted structure of ICC will bring changes to the twisted revenue-distribution model, which says that the sharing of ICC revenue will be determined by the contributions made by each full member from now onwards. Now the new executive committee will have five members of which India, England and Australia will have permanent seats. This committee will recommend to the ICC board, the decision-making body. The full members of ICC will get a larger share of revenues, which will be based upon their contribution towards the game, particularly in terms of finance, ICCs history and their on-field performances in the three formats of the games.
The World Test Championship will be replaced with an ICC Champions Trophy in 2017 and 2021. A Test Cricket Fund will be set up to promore test cricket. The fund will be available to all Test playing nations except India, England and Australia. All full members will enter into contractually binding bilateral agreements to ensure that Future Tours Program schedule is maintained till 2023.
The newly issued guidelines also says that the winner of the next ICC Intercontinental Cup will be entitled to take part in play-off against the bottom-ranked Member and, if successful can obtain Test status. The Associate and Affiliate members stakes would also be protected.
When: 8 February 2014