England, India and Australia are set to have more control over cricket's future under principles agreed by the International Cricket Council.
The creation of a new ICC executive committee of five members, including representatives from the "Big Three" nations, has received unanimous support from the 16-man board.
After a heated meeting that lasted more than six hours in Dubai, the ICC's Board didn't bring to vote the radical draft suggested by its three richest and most powerful members, following objections from other member boards.
A follow-up meeting will be held to discuss the proposals again next month.
The ICC's release on the meeting stated that there had been unanimous approval for a set of principles relating to the future structure, governance and financial models of the ICC.
ICC president, the New Zealander Alan Isaac says there is more work to be done by the Members in developing their schedules of bilateral cricket while at the ICC they need to work through the detail of the manner in which these principles will be implemented.
The board has made the decision to scrap the World Test Championship, scheduled for England in 2017, but a special fund is being created to help keep the five-day game alive.