Singapore: The International Cricket Council (ICC) Saturday approved a wide-ranging and controversial resolution to change its governance, competition and financial models. The main points are as follows:
- New executive committee: A five-man executive committee with permanent seats for India, England and Australia will be introduced. The committee will make recommendations to the ICC board, which remains the decision-making body.
- India's Srinivasan to chair ICC board: N. Srinivasan, president of the Board of Control for Cricket in India, will become the ICC board chairman from July 2014.
- New financial model: Full members gain greater financial recognition based on their contributions in terms of finance, their ICC history and on-field performances.
- Test Cricket Fund: A Test Cricket Fund will be introduced to guarantee all 10 Test-playing nations will be in position to host a home series through to 2023.
- Future Tours Program: Members will strike binding, bilateral agreements "as a matter of urgency" with the aim of extending the program until 2023.
- World Test Championship axed: The Champions Trophy one-day tournament will continue in 2017 and 2021, replacing plans for a World Test Championship.
- Pathway to Test cricket: The winner of the next ICC Intercontinental Cup will play-off against the bottom-ranked full member with the prize of gaining Test status. The existing full member will retain Test status.