The document discusses the history and role of the Internet Corporation for Assigned Names and Numbers (ICANN) in governing domain names. It describes how ICANN was established in 1998 through a memorandum with the US Department of Commerce to privatize technical management of the internet. ICANN represents a new model of governance involving businesses, governments, and civil society. However, ICANN continues to operate under contract with the US government, and this relationship has been controversial with some countries wanting more international control over internet governance.