I have held the position ever since Gov v2 was being proposed, having an ICC is not optimal when most of the work can be done by mods (gathering sentiment). I would dare to say just increase mods pay to tack on the work of ICC (sentiment and admin work) since they actually have set working hours as opposed to council.
Maintain the IMC where 4 members are elected and one is labs appointed. This has been working ever since and in my experience, most information always hinges upon the lab appointee being present and sharing the updates.
On this note, I would like to have a more structured reporting at a high level every month. Topics would include, financial reports (runway and burn strategies), development updates, direction, etc. As it stands, its usually talked about only when someone brings it up or is triggered by a community question.
On the pay and responsibilities, removing ICC would save the DAO (less increase to mods) at the same time still maintain the 'attractiveness' of the IMC position for talent to come in and want to run for the position. Aside from the "risk factor", the biggest difference of IMC and ICC is the heavy responsibility of making the decision of what is good for the DAO. While sentiment of the community is important to factor in, parroting what the community or even a handful of active members shouldnt be the reason why a council member votes that way. Its making the tough choices and discernment based not only on sentiment but also on sound business acumen.
I try not to compare council to a board but it does share similar traits. The main one is being the over-all decision making body of the project. Its not expected of the council members to be fully-employed with working hours, nor should it be compared to operational employees of Labs. Simply because, rank & file employees are not expected to make over-all decisions of the project. This is why we want to have talent with certain expertise and understanding of what decisions to make to push the project forward. It is important to distinguish the expectations and responsibilities asked of from the role.
Lastly, on the salary cap and what not, I think this just complicates things. When were getting more revenue and profit, then an increase is something that can be discussed when that happens. I would rather we focus on the amount that is commensurate to the following: 1) Risk; 2) Attraction of Talent; and 3) Current status of the project's runway.