The IRB's trust fund reserve policy is insurance on the cancellation of the international games' premier property - the Rugby World Cup - and is currently based on four-years of income.
Speaking at the International Rugby Summit in London today, Baron called for the IRB to cut this to one year of reserves, claiming too much money is tied up and they need to be less conservative.
He also outlined an ambitious strategy including a mentoring role for the ten elite rugby unions to support and develop the game in smaller rugby playing nations.
Specifically, the RFU has entered into a strategic development agreement with the US and Canada, culminating in an annual triangular tournament to be named the Churchill Cup.
The RFU had proposed a radical shake-up of the Rugby World Cup in is bid documentation to host the 2007 event. It proposed two separate tournaments, one featuring the established top rugby union playing nations, the second a competition for the lesser, emerging international teams.
However, both it and a more conventional proposal put forward by France have been rejected by the IRB.
