On 24 May 2023, finance professionals from several CENTR member registries gathered in Brussels for their first face-to-face meeting since the CENTR Finance Group was established in 2022. The goal of the group is to allow its participants to benchmark financial data by way of standardised definitions of financial cost areas typical to a domain name registry.
The meeting focused on refining the cost areas definitions, developing rules for new participants to join and access data as well as discussing other possible areas of exploration in relation to the financials of a registry. The standardised ‘cost template’ was developed so that participants can provide and benchmark their financial data and respective financial ratios.
The CENTR Finance Group is now inviting interested CENTR Full Member registries to reach out to the Secretariat if they are interested in participating in the project.
This meeting highlights significant progress in enhancing financial transparency and promoting further collaboration between CENTR members. CENTR’s General Manager, Peter Van Roste, reflected on the meeting and the group, adding that “in addition to our formally structured working groups, this is an interesting new collaboration model where experts meet to solve a problem and deliver a tool that can be used by all members. I expect that we will see more of these groups reaching parts of our community that have not been involved before.”