Under the agreement, which enters into force today, expert panels will be created to conduct regular reviews of ICANN's work in several areas, including network security and stability; the evolution of generic domains such as .com and .net as well as domains based on non-Western characters; and the continuance of a public database of web site owners.
Although no immediate changes are expected the news has been well received by major players on the Internet. You can read more about the scope of this agreement here.
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