ICANN is the Internet Corporation for Assigned Name and Numbers which oversees Internet related tasks on behalf of the US Government. The non-profit corporation’s headquarters is based in California, USA. Jon Postel founded ICANN on September 18th, 1998.
On September 29th, 2006, ICANN signed an agreement with United States Department of Commerce (DOC) that allows ICANN to completely manage the Internet system. ICANN is responsible for their decisions and can be punished for their actions.