The Cricket South Africa (CSA), on Saturday, stressed that the agreement reached by the International Cricket Council (ICC) Board in Singapore is a work in progress and which will in the long-term guarantee the sustainability of the game and a democratic system of leadership.
Interestingly, the South African board was the first Full Member to publicly oppose the proposal and had called it "fundamentally flawed".
CSA had recently seen the Indian Board force a reduction in the duration and number of Tests and ODIs between India and hosts South Africa in December last after BCCI bickered over Haroon Lorgat's appointment as CSA's CEO and got him sidelined.
The following is the statement of CSA president and chairman of the ICC Board, Chris Nenzani.
“Nothing in life is perfect. All countries, including the so-called big three, have had to rethink and make concessions and the final terms that were approved today (Saturday) include significant changes from the original proposals presented in January.
“It was key that we remain engaged and an absolute imperative that we should preserve the financial stability of the game over the next eight-year cycle from 2015 to 2023.
“Not only have we managed to do this but we have created the opportunity for current Associate Members to aspire to play Test cricket – the game’s highest form.
“What is equally important is that this is only a transitional arrangement and from 2016 there will be fully democratic elections for all the governing positions in the ICC including the chairpersons of the Board and the other committees.
“There will be no restrictions in this regard and this must be seen as the key component in our determination to stay true to the best principles of democracy and good corporate governance.
“There is a lot of work still to be done in terms of deliberations between the various Full Members as far as their international tour programmes are concerned and this procedure also has the support of the Full Member countries.
“We are currently at an advanced stage of discussion with all the Full Members to secure our future tours through to 2023 and we will take comfort in the legally binding FTP Agreements that will be in place.
“All these decisions and those still to come will help cricket to move forward with a unified sense of purpose and ensure the future of our great game.”