Manohar, who cited "personal reasons" when he made the announcement last week that he was resigning, has agreed to defer his departure.
The world governing body released a statement on Friday morning, which read: "ICC chairman Shashank Manohar has today agreed to defer his recent resignation following an ICC board resolution to request him to remain in the post was passed with overwhelming support earlier this week.
"In a significant show of support for Mr Manohar, the board asked him to withdraw his resignation or at the very least defer it until the ongoing process relating to governance and financial restructuring are completed."
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