A ballot has just been concluded amongst country code managers (who have joined the country code supporting organisation of ICANN) for two members of the ICANN Board. The result needs to be ratified by the country code organisation council, but this is a formality.
ICANN sort of sets policy on which top level domains (.com, .info, .net etc) get created, who gets to run them, the operation of the root servers which the Internet basically runs on etc, so it has quite a significant role in Internet governance.
UPDATE: Press release from InternetNZ is now below.
InternetNZ (The Internet Society of New Zealand) is delighted that