The proposed plan states that no member nation should be forced to play except for bilaterally-agreed matches.
The plan has drawn criticism from New Zealand Players' Association chief Heath Mills and former cricketer John Morrison.
"I do know that in the past six months you've had the heads of English cricket, Australian cricket and Indian cricket meeting quite regularly and scheming to put a new system in place to control the game, so I'm worried," Mills was quoted as saying by 'Dominion Post'.
"I don't see how you can be supportive of the heads of three boards conducting meetings without you knowing, talking about how they want the game to be structured.
"As it appears to me, the (ICC) decision-making process is effectively being handed over to three boards who rotate the chairmanship and are soon to be making every decision," he added.
"I think that's alarming. If we want the game to grow globally, we need to have independent thinking about how we grow the game."
Morrison echoed the sentiment, saying that the restructuring seemed "sad and dangerous".
"There's no use having the mentality of 'give us this, give us that'," he said.
"That's a beneficiary mentality. You want to control your own destiny and step up and say 'we can foot it on the world stage and we want to be there'."
