FW: certification of legal issues requested
To: mathieu.weill@afnic.fr; thomas@rickert.net; leonfelipe@sanchez.mx; ccwg-accountability5@icann.org Cc: Rosemary E. Fei (rfei@adlercolvin.com); Sidley ICANN CCWG; ICANN@adlercolvin.com Subject: RE: certification of legal issues requested Dear Co-Chairs, Consider whether to certify to us the question of whether under ICANN's current structure SOs and ACs have legal rights to select directors in line with designator rights under the California statute. Holly and Rosemary. Sent with Good (www.good.com<http://www.good.com>) ________________________________ From: Gregory, Holly Sent: Monday, October 05, 2015 09:38:10 PM To: mathieu.weill@afnic.fr<mailto:mathieu.weill@afnic.fr>; thomas@rickert.net<mailto:thomas@rickert.net>; leonfelipe@sanchez.mx<mailto:leonfelipe@sanchez.mx>; ccwg-accountability5@icann.org<mailto:ccwg-accountability5@icann.org> Cc: Rosemary E. Fei (rfei@adlercolvin.com<mailto:rfei@adlercolvin.com>); Sidley ICANN CCWG; ICANN@adlercolvin.com<mailto:ICANN@adlercolvin.com> Subject: certification of legal issues requested Dear Co-Chairs Based on much discussion and a fair degree of confusion evident in the email exchange, we request that you consider certifying the following question to us • What are a director’s fiduciary duties to a California nonprofit public benefit corporation? What is the relationship between these duties and the mission of the corporation? In addition, we note that Sam Eisner recently provided a note on the email regarding the availability of default judgments should the Board refuse to participate in an IRP. We have a different view and would like you to certify that question to us. We note as a general matter that we are not able to provide answers to legal questions unless certified but ICANN Legal of course has no such limits. It does put us in a difficult position when we don’t agree, since some may take our silence as an indication of agreement. Kind regards, Holly and Rosemary HOLLY J. GREGORY Partner and Co-Chair Corporate Governance & Executive Compensation Practice Group Sidley Austin LLP 787 Seventh Avenue New York, NY 10019 +1 212 839 5853 holly.gregory@sidley.com<mailto:holly.gregory@sidley.com> www.sidley.com<http://www.sidley.com/> [http://www.sidley.com/files/upload/signatures/SA-autosig.png]<http://www.sidley.com/> SIDLEY AUSTIN LLP **************************************************************************************************** This e-mail is sent by a law firm and may contain information that is privileged or confidential. If you are not the intended recipient, please delete the e-mail and any attachments and notify us immediately. ****************************************************************************************************
I support certifying these matters to our counsel for advice. Greg On Tue, Oct 6, 2015 at 12:36 AM, Gregory, Holly <holly.gregory@sidley.com> wrote:
*To:* mathieu.weill@afnic.fr; thomas@rickert.net; leonfelipe@sanchez.mx; ccwg-accountability5@icann.org *Cc:* Rosemary E. Fei (rfei@adlercolvin.com); Sidley ICANN CCWG; ICANN@adlercolvin.com *Subject:* RE: certification of legal issues requested
Dear Co-Chairs, Consider whether to certify to us the question of whether under ICANN's current structure SOs and ACs have legal rights to select directors in line with designator rights under the California statute. Holly and Rosemary.
Sent with Good (www.good.com)
------------------------------
*From:* Gregory, Holly *Sent:* Monday, October 05, 2015 09:38:10 PM *To:* mathieu.weill@afnic.fr; thomas@rickert.net; leonfelipe@sanchez.mx; ccwg-accountability5@icann.org *Cc:* Rosemary E. Fei (rfei@adlercolvin.com); Sidley ICANN CCWG; ICANN@adlercolvin.com *Subject:* certification of legal issues requested
Dear Co-Chairs
Based on much discussion and a fair degree of confusion evident in the email exchange, we request that you consider certifying the following question to us
· What are a director’s fiduciary duties to a California nonprofit public benefit corporation? What is the relationship between these duties and the mission of the corporation?
In addition, we note that Sam Eisner recently provided a note on the email regarding the availability of default judgments should the Board refuse to participate in an IRP. We have a different view and would like you to certify that question to us.
We note as a general matter that we are not able to provide answers to legal questions unless certified but ICANN Legal of course has no such limits. It does put us in a difficult position when we don’t agree, since some may take our silence as an indication of agreement.
Kind regards,
Holly and Rosemary
*HOLLY* *J. GREGORY* Partner and Co-Chair Corporate Governance & Executive Compensation Practice Group
*Sidley Austin LLP* 787 Seventh Avenue New York, NY 10019 +1 212 839 5853 holly.gregory@sidley.com www.sidley.com
[image: http://www.sidley.com/files/upload/signatures/SA-autosig.png] <http://www.sidley.com/> *SIDLEY AUSTIN LLP*
**************************************************************************************************** This e-mail is sent by a law firm and may contain information that is privileged or confidential. If you are not the intended recipient, please delete the e-mail and any attachments and notify us immediately.
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So do I. Best Jordan On Tuesday, 6 October 2015, Greg Shatan <gregshatanipc@gmail.com> wrote:
I support certifying these matters to our counsel for advice.
Greg
On Tue, Oct 6, 2015 at 12:36 AM, Gregory, Holly <holly.gregory@sidley.com <javascript:_e(%7B%7D,'cvml','holly.gregory@sidley.com');>> wrote:
*To:* mathieu.weill@afnic.fr <javascript:_e(%7B%7D,'cvml','mathieu.weill@afnic.fr');>; thomas@rickert.net <javascript:_e(%7B%7D,'cvml','thomas@rickert.net');>; leonfelipe@sanchez.mx <javascript:_e(%7B%7D,'cvml','leonfelipe@sanchez.mx');>; ccwg-accountability5@icann.org <javascript:_e(%7B%7D,'cvml','ccwg-accountability5@icann.org');> *Cc:* Rosemary E. Fei (rfei@adlercolvin.com <javascript:_e(%7B%7D,'cvml','rfei@adlercolvin.com');>); Sidley ICANN CCWG; ICANN@adlercolvin.com <javascript:_e(%7B%7D,'cvml','ICANN@adlercolvin.com');> *Subject:* RE: certification of legal issues requested
Dear Co-Chairs, Consider whether to certify to us the question of whether under ICANN's current structure SOs and ACs have legal rights to select directors in line with designator rights under the California statute. Holly and Rosemary.
Sent with Good (www.good.com)
------------------------------
*From:* Gregory, Holly *Sent:* Monday, October 05, 2015 09:38:10 PM *To:* mathieu.weill@afnic.fr <javascript:_e(%7B%7D,'cvml','mathieu.weill@afnic.fr');>; thomas@rickert.net <javascript:_e(%7B%7D,'cvml','thomas@rickert.net');>; leonfelipe@sanchez.mx <javascript:_e(%7B%7D,'cvml','leonfelipe@sanchez.mx');>; ccwg-accountability5@icann.org <javascript:_e(%7B%7D,'cvml','ccwg-accountability5@icann.org');> *Cc:* Rosemary E. Fei (rfei@adlercolvin.com <javascript:_e(%7B%7D,'cvml','rfei@adlercolvin.com');>); Sidley ICANN CCWG; ICANN@adlercolvin.com <javascript:_e(%7B%7D,'cvml','ICANN@adlercolvin.com');> *Subject:* certification of legal issues requested
Dear Co-Chairs
Based on much discussion and a fair degree of confusion evident in the email exchange, we request that you consider certifying the following question to us
· What are a director’s fiduciary duties to a California nonprofit public benefit corporation? What is the relationship between these duties and the mission of the corporation?
In addition, we note that Sam Eisner recently provided a note on the email regarding the availability of default judgments should the Board refuse to participate in an IRP. We have a different view and would like you to certify that question to us.
We note as a general matter that we are not able to provide answers to legal questions unless certified but ICANN Legal of course has no such limits. It does put us in a difficult position when we don’t agree, since some may take our silence as an indication of agreement.
Kind regards,
Holly and Rosemary
*HOLLY* *J. GREGORY* Partner and Co-Chair Corporate Governance & Executive Compensation Practice Group
*Sidley Austin LLP* 787 Seventh Avenue New York, NY 10019 +1 212 839 5853 holly.gregory@sidley.com <javascript:_e(%7B%7D,'cvml','holly.gregory@sidley.com');> www.sidley.com
[image: http://www.sidley.com/files/upload/signatures/SA-autosig.png] <http://www.sidley.com/> *SIDLEY AUSTIN LLP*
**************************************************************************************************** This e-mail is sent by a law firm and may contain information that is privileged or confidential. If you are not the intended recipient, please delete the e-mail and any attachments and notify us immediately.
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-- Jordan Carter Chief Executive, InternetNZ +64-21-442-649 | jordan@internetnz.net.nz Sent on the run, apologies for brevity
I request certification of these issues as well. Robin On Oct 5, 2015, at 9:47 PM, Jordan Carter wrote:
So do I.
Best Jordan
On Tuesday, 6 October 2015, Greg Shatan <gregshatanipc@gmail.com> wrote: I support certifying these matters to our counsel for advice.
Greg
On Tue, Oct 6, 2015 at 12:36 AM, Gregory, Holly <holly.gregory@sidley.com> wrote:
To: mathieu.weill@afnic.fr; thomas@rickert.net; leonfelipe@sanchez.mx; ccwg-accountability5@icann.org Cc: Rosemary E. Fei (rfei@adlercolvin.com); Sidley ICANN CCWG; ICANN@adlercolvin.com Subject: RE: certification of legal issues requested
Dear Co-Chairs, Consider whether to certify to us the question of whether under ICANN's current structure SOs and ACs have legal rights to select directors in line with designator rights under the California statute. Holly and Rosemary.
Sent with Good (www.good.com)
From: Gregory, Holly Sent: Monday, October 05, 2015 09:38:10 PM To: mathieu.weill@afnic.fr; thomas@rickert.net; leonfelipe@sanchez.mx; ccwg-accountability5@icann.org Cc: Rosemary E. Fei (rfei@adlercolvin.com); Sidley ICANN CCWG; ICANN@adlercolvin.com Subject: certification of legal issues requested
Dear Co-Chairs
Based on much discussion and a fair degree of confusion evident in the email exchange, we request that you consider certifying the following question to us
· What are a director’s fiduciary duties to a California nonprofit public benefit corporation? What is the relationship between these duties and the mission of the corporation?
In addition, we note that Sam Eisner recently provided a note on the email regarding the availability of default judgments should the Board refuse to participate in an IRP. We have a different view and would like you to certify that question to us.
We note as a general matter that we are not able to provide answers to legal questions unless certified but ICANN Legal of course has no such limits. It does put us in a difficult position when we don’t agree, since some may take our silence as an indication of agreement.
Kind regards,
Holly and Rosemary
HOLLY J. GREGORY Partner and Co-Chair Corporate Governance & Executive Compensation Practice Group
Sidley Austin LLP 787 Seventh Avenue New York, NY 10019 +1 212 839 5853 holly.gregory@sidley.com www.sidley.com
SIDLEY AUSTIN LLP
**************************************************************************************************** This e-mail is sent by a law firm and may contain information that is privileged or confidential. If you are not the intended recipient, please delete the e-mail and any attachments and notify us immediately.
****************************************************************************************************
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-- Jordan Carter Chief Executive, InternetNZ +64-21-442-649 | jordan@internetnz.net.nz
Sent on the run, apologies for brevity
_______________________________________________ Ccwg-accountability5 mailing list Ccwg-accountability5@icann.org https://mm.icann.org/mailman/listinfo/ccwg-accountability5
All, This has been certified during the call Best, Mathieu Weill --------------- Depuis mon mobile, désolé pour le style
Le 6 oct. 2015 à 16:56, Robin Gross <robin@ipjustice.org> a écrit :
I request certification of these issues as well.
Robin
On Oct 5, 2015, at 9:47 PM, Jordan Carter wrote:
So do I.
Best Jordan
On Tuesday, 6 October 2015, Greg Shatan <gregshatanipc@gmail.com> wrote: I support certifying these matters to our counsel for advice.
Greg
On Tue, Oct 6, 2015 at 12:36 AM, Gregory, Holly <holly.gregory@sidley.com> wrote:
To: mathieu.weill@afnic.fr; thomas@rickert.net; leonfelipe@sanchez.mx; ccwg-accountability5@icann.org Cc: Rosemary E. Fei (rfei@adlercolvin.com); Sidley ICANN CCWG; ICANN@adlercolvin.com Subject: RE: certification of legal issues requested
Dear Co-Chairs, Consider whether to certify to us the question of whether under ICANN's current structure SOs and ACs have legal rights to select directors in line with designator rights under the California statute. Holly and Rosemary.
Sent with Good (www.good.com)
From: Gregory, Holly Sent: Monday, October 05, 2015 09:38:10 PM To: mathieu.weill@afnic.fr; thomas@rickert.net; leonfelipe@sanchez.mx; ccwg-accountability5@icann.org Cc: Rosemary E. Fei (rfei@adlercolvin.com); Sidley ICANN CCWG; ICANN@adlercolvin.com Subject: certification of legal issues requested
Dear Co-Chairs
Based on much discussion and a fair degree of confusion evident in the email exchange, we request that you consider certifying the following question to us
· What are a director’s fiduciary duties to a California nonprofit public benefit corporation? What is the relationship between these duties and the mission of the corporation?
In addition, we note that Sam Eisner recently provided a note on the email regarding the availability of default judgments should the Board refuse to participate in an IRP. We have a different view and would like you to certify that question to us.
We note as a general matter that we are not able to provide answers to legal questions unless certified but ICANN Legal of course has no such limits. It does put us in a difficult position when we don’t agree, since some may take our silence as an indication of agreement.
Kind regards,
Holly and Rosemary
HOLLY J. GREGORY Partner and Co-Chair Corporate Governance & Executive Compensation Practice Group
Sidley Austin LLP 787 Seventh Avenue New York, NY 10019 +1 212 839 5853 holly.gregory@sidley.com www.sidley.com
SIDLEY AUSTIN LLP
**************************************************************************************************** This e-mail is sent by a law firm and may contain information that is privileged or confidential. If you are not the intended recipient, please delete the e-mail and any attachments and notify us immediately.
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-- Jordan Carter Chief Executive, InternetNZ +64-21-442-649 | jordan@internetnz.net.nz
Sent on the run, apologies for brevity
_______________________________________________ Ccwg-accountability5 mailing list Ccwg-accountability5@icann.org https://mm.icann.org/mailman/listinfo/ccwg-accountability5
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I do too, but would ask to at least include the specific questions I suggested i.e. whether there are means to subject the scope and exercise of fiduciary duties to objective standards/controls. Von meinem iPhone gesendet Am 06.10.2015 um 06:43 schrieb Greg Shatan <gregshatanipc@gmail.com<mailto:gregshatanipc@gmail.com>>: I support certifying these matters to our counsel for advice. Greg On Tue, Oct 6, 2015 at 12:36 AM, Gregory, Holly <holly.gregory@sidley.com<mailto:holly.gregory@sidley.com>> wrote: To: mathieu.weill@afnic.fr<mailto:mathieu.weill@afnic.fr>; thomas@rickert.net<mailto:thomas@rickert.net>; leonfelipe@sanchez.mx<mailto:leonfelipe@sanchez.mx>; ccwg-accountability5@icann.org<mailto:ccwg-accountability5@icann.org> Cc: Rosemary E. Fei (rfei@adlercolvin.com<mailto:rfei@adlercolvin.com>); Sidley ICANN CCWG; ICANN@adlercolvin.com<mailto:ICANN@adlercolvin.com> Subject: RE: certification of legal issues requested Dear Co-Chairs, Consider whether to certify to us the question of whether under ICANN's current structure SOs and ACs have legal rights to select directors in line with designator rights under the California statute. Holly and Rosemary. Sent with Good (www.good.com<http://www.good.com>) ________________________________ From: Gregory, Holly Sent: Monday, October 05, 2015 09:38:10 PM To: mathieu.weill@afnic.fr<mailto:mathieu.weill@afnic.fr>; thomas@rickert.net<mailto:thomas@rickert.net>; leonfelipe@sanchez.mx<mailto:leonfelipe@sanchez.mx>; ccwg-accountability5@icann.org<mailto:ccwg-accountability5@icann.org> Cc: Rosemary E. Fei (rfei@adlercolvin.com<mailto:rfei@adlercolvin.com>); Sidley ICANN CCWG; ICANN@adlercolvin.com<mailto:ICANN@adlercolvin.com> Subject: certification of legal issues requested Dear Co-Chairs Based on much discussion and a fair degree of confusion evident in the email exchange, we request that you consider certifying the following question to us • What are a director’s fiduciary duties to a California nonprofit public benefit corporation? What is the relationship between these duties and the mission of the corporation? In addition, we note that Sam Eisner recently provided a note on the email regarding the availability of default judgments should the Board refuse to participate in an IRP. We have a different view and would like you to certify that question to us. We note as a general matter that we are not able to provide answers to legal questions unless certified but ICANN Legal of course has no such limits. It does put us in a difficult position when we don’t agree, since some may take our silence as an indication of agreement. Kind regards, Holly and Rosemary HOLLY J. GREGORY Partner and Co-Chair Corporate Governance & Executive Compensation Practice Group Sidley Austin LLP 787 Seventh Avenue New York, NY 10019 +1 212 839 5853<tel:%2B1%20212%20839%205853> holly.gregory@sidley.com<mailto:holly.gregory@sidley.com> www.sidley.com<http://www.sidley.com/> [http://www.sidley.com/files/upload/signatures/SA-autosig.png]<http://www.sidley.com/> SIDLEY AUSTIN LLP **************************************************************************************************** This e-mail is sent by a law firm and may contain information that is privileged or confidential. If you are not the intended recipient, please delete the e-mail and any attachments and notify us immediately. **************************************************************************************************** _______________________________________________ Ccwg-accountability5 mailing list Ccwg-accountability5@icann.org<mailto:Ccwg-accountability5@icann.org> https://mm.icann.org/mailman/listinfo/ccwg-accountability5 _______________________________________________ Ccwg-accountability5 mailing list Ccwg-accountability5@icann.org<mailto:Ccwg-accountability5@icann.org> https://mm.icann.org/mailman/listinfo/ccwg-accountability5
I do too, but would ask to at least include the specific questions I suggested i.e. whether there are means to subject the scope and exercise of fiduciary duties to objective standards/controls. For ease of reference: ------ Is there any means under Californian Law that would allow to subject the exercise of fiduciary duties to objective and controllable standards? For example, could the following or similar means be acceptable and usable under Californian law: · concretizing these fiduciary duties in the Bylaws; · subjecting their correct interpretation to arbitration; · imposing special requirements on the rationale needed to be provided if they are used to override community decisions; · imposing extra-supermajorities in the Board in order to being able to invoke such duties? The underlying idea is IMHO very relevant to our present discussions on the Model, especially for those of us who are not experts in Californian Corporate Law: i.e. is there a legal means to subject those fiduciary duties to specific and objective standards and/or third-party control? If there are, could we use those means (if they exist) to develop our model? If they do not exist, or are too limited, this might speak for a membership structure. ------------- Thanks Jorge Von meinem iPhone gesendet Am 06.10.2015 um 06:43 schrieb Greg Shatan <gregshatanipc@gmail.com<mailto:gregshatanipc@gmail.com>>: I support certifying these matters to our counsel for advice. Greg On Tue, Oct 6, 2015 at 12:36 AM, Gregory, Holly <holly.gregory@sidley.com<mailto:holly.gregory@sidley.com>> wrote: To: mathieu.weill@afnic.fr<mailto:mathieu.weill@afnic.fr>; thomas@rickert.net<mailto:thomas@rickert.net>; leonfelipe@sanchez.mx<mailto:leonfelipe@sanchez.mx>; ccwg-accountability5@icann.org<mailto:ccwg-accountability5@icann.org> Cc: Rosemary E. Fei (rfei@adlercolvin.com<mailto:rfei@adlercolvin.com>); Sidley ICANN CCWG; ICANN@adlercolvin.com<mailto:ICANN@adlercolvin.com> Subject: RE: certification of legal issues requested Dear Co-Chairs, Consider whether to certify to us the question of whether under ICANN's current structure SOs and ACs have legal rights to select directors in line with designator rights under the California statute. Holly and Rosemary. Sent with Good (www.good.com<http://www.good.com>) ________________________________ From: Gregory, Holly Sent: Monday, October 05, 2015 09:38:10 PM To: mathieu.weill@afnic.fr<mailto:mathieu.weill@afnic.fr>; thomas@rickert.net<mailto:thomas@rickert.net>; leonfelipe@sanchez.mx<mailto:leonfelipe@sanchez.mx>; ccwg-accountability5@icann.org<mailto:ccwg-accountability5@icann.org> Cc: Rosemary E. Fei (rfei@adlercolvin.com<mailto:rfei@adlercolvin.com>); Sidley ICANN CCWG; ICANN@adlercolvin.com<mailto:ICANN@adlercolvin.com> Subject: certification of legal issues requested Dear Co-Chairs Based on much discussion and a fair degree of confusion evident in the email exchange, we request that you consider certifying the following question to us • What are a director’s fiduciary duties to a California nonprofit public benefit corporation? What is the relationship between these duties and the mission of the corporation? In addition, we note that Sam Eisner recently provided a note on the email regarding the availability of default judgments should the Board refuse to participate in an IRP. We have a different view and would like you to certify that question to us. We note as a general matter that we are not able to provide answers to legal questions unless certified but ICANN Legal of course has no such limits. It does put us in a difficult position when we don’t agree, since some may take our silence as an indication of agreement. Kind regards, Holly and Rosemary HOLLY J. GREGORY Partner and Co-Chair Corporate Governance & Executive Compensation Practice Group Sidley Austin LLP 787 Seventh Avenue New York, NY 10019 +1 212 839 5853<tel:%2B1%20212%20839%205853> holly.gregory@sidley.com<mailto:holly.gregory@sidley.com> www.sidley.com<http://www.sidley.com/> [http://www.sidley.com/files/upload/signatures/SA-autosig.png]<http://www.sidley.com/> SIDLEY AUSTIN LLP **************************************************************************************************** This e-mail is sent by a law firm and may contain information that is privileged or confidential. If you are not the intended recipient, please delete the e-mail and any attachments and notify us immediately. **************************************************************************************************** _______________________________________________ Ccwg-accountability5 mailing list Ccwg-accountability5@icann.org<mailto:Ccwg-accountability5@icann.org> https://mm.icann.org/mailman/listinfo/ccwg-accountability5 _______________________________________________ Ccwg-accountability5 mailing list Ccwg-accountability5@icann.org<mailto:Ccwg-accountability5@icann.org> https://mm.icann.org/mailman/listinfo/ccwg-accountability5
Jorge GM What is objective standards? Tks Cheers Kavousd Sent from my iPhone
On 6 Oct 2015, at 07:18, <Jorge.Cancio@bakom.admin.ch> <Jorge.Cancio@bakom.admin.ch> wrote:
I do too, but would ask to at least include the specific questions I suggested i.e. whether there are means to subject the scope and exercise of fiduciary duties to objective standards/controls.
For ease of reference:
------
Is there any means under Californian Law that would allow to subject the exercise of fiduciary duties to objective and controllable standards? For example, could the following or similar means be acceptable and usable under Californian law:
· concretizing these fiduciary duties in the Bylaws;
· subjecting their correct interpretation to arbitration;
· imposing special requirements on the rationale needed to be provided if they are used to override community decisions;
· imposing extra-supermajorities in the Board in order to being able to invoke such duties?
The underlying idea is IMHO very relevant to our present discussions on the Model, especially for those of us who are not experts in Californian Corporate Law: i.e. is there a legal means to subject those fiduciary duties to specific and objective standards and/or third-party control? If there are, could we use those means (if they exist) to develop our model? If they do not exist, or are too limited, this might speak for a membership structure.
-------------
Thanks
Jorge
Von meinem iPhone gesendet
Am 06.10.2015 um 06:43 schrieb Greg Shatan <gregshatanipc@gmail.com<mailto:gregshatanipc@gmail.com>>:
I support certifying these matters to our counsel for advice.
Greg
On Tue, Oct 6, 2015 at 12:36 AM, Gregory, Holly <holly.gregory@sidley.com<mailto:holly.gregory@sidley.com>> wrote:
To: mathieu.weill@afnic.fr<mailto:mathieu.weill@afnic.fr>; thomas@rickert.net<mailto:thomas@rickert.net>; leonfelipe@sanchez.mx<mailto:leonfelipe@sanchez.mx>; ccwg-accountability5@icann.org<mailto:ccwg-accountability5@icann.org> Cc: Rosemary E. Fei (rfei@adlercolvin.com<mailto:rfei@adlercolvin.com>); Sidley ICANN CCWG; ICANN@adlercolvin.com<mailto:ICANN@adlercolvin.com> Subject: RE: certification of legal issues requested
Dear Co-Chairs, Consider whether to certify to us the question of whether under ICANN's current structure SOs and ACs have legal rights to select directors in line with designator rights under the California statute. Holly and Rosemary.
Sent with Good (www.good.com<http://www.good.com>)
________________________________ From: Gregory, Holly Sent: Monday, October 05, 2015 09:38:10 PM To: mathieu.weill@afnic.fr<mailto:mathieu.weill@afnic.fr>; thomas@rickert.net<mailto:thomas@rickert.net>; leonfelipe@sanchez.mx<mailto:leonfelipe@sanchez.mx>; ccwg-accountability5@icann.org<mailto:ccwg-accountability5@icann.org> Cc: Rosemary E. Fei (rfei@adlercolvin.com<mailto:rfei@adlercolvin.com>); Sidley ICANN CCWG; ICANN@adlercolvin.com<mailto:ICANN@adlercolvin.com> Subject: certification of legal issues requested Dear Co-Chairs
Based on much discussion and a fair degree of confusion evident in the email exchange, we request that you consider certifying the following question to us
• What are a director’s fiduciary duties to a California nonprofit public benefit corporation? What is the relationship between these duties and the mission of the corporation?
In addition, we note that Sam Eisner recently provided a note on the email regarding the availability of default judgments should the Board refuse to participate in an IRP. We have a different view and would like you to certify that question to us.
We note as a general matter that we are not able to provide answers to legal questions unless certified but ICANN Legal of course has no such limits. It does put us in a difficult position when we don’t agree, since some may take our silence as an indication of agreement.
Kind regards, Holly and Rosemary
HOLLY J. GREGORY Partner and Co-Chair Corporate Governance & Executive Compensation Practice Group Sidley Austin LLP 787 Seventh Avenue New York, NY 10019 +1 212 839 5853<tel:%2B1%20212%20839%205853> holly.gregory@sidley.com<mailto:holly.gregory@sidley.com> www.sidley.com<http://www.sidley.com/> [http://www.sidley.com/files/upload/signatures/SA-autosig.png]<http://www.sidley.com/> SIDLEY AUSTIN LLP
**************************************************************************************************** This e-mail is sent by a law firm and may contain information that is privileged or confidential. If you are not the intended recipient, please delete the e-mail and any attachments and notify us immediately.
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Kavouss please read carefully the question and be more specific if you wish best Jorge Von meinem iPhone gesendet
Am 06.10.2015 um 07:25 schrieb Kavouss Arasteh <kavouss.arasteh@gmail.com>:
Jorge GM What is objective standards? Tks Cheers Kavousd
Sent from my iPhone
On 6 Oct 2015, at 07:18, <Jorge.Cancio@bakom.admin.ch> <Jorge.Cancio@bakom.admin.ch> wrote:
I do too, but would ask to at least include the specific questions I suggested i.e. whether there are means to subject the scope and exercise of fiduciary duties to objective standards/controls.
For ease of reference:
------
Is there any means under Californian Law that would allow to subject the exercise of fiduciary duties to objective and controllable standards? For example, could the following or similar means be acceptable and usable under Californian law:
· concretizing these fiduciary duties in the Bylaws;
· subjecting their correct interpretation to arbitration;
· imposing special requirements on the rationale needed to be provided if they are used to override community decisions;
· imposing extra-supermajorities in the Board in order to being able to invoke such duties?
The underlying idea is IMHO very relevant to our present discussions on the Model, especially for those of us who are not experts in Californian Corporate Law: i.e. is there a legal means to subject those fiduciary duties to specific and objective standards and/or third-party control? If there are, could we use those means (if they exist) to develop our model? If they do not exist, or are too limited, this might speak for a membership structure.
-------------
Thanks
Jorge
Von meinem iPhone gesendet
Am 06.10.2015 um 06:43 schrieb Greg Shatan <gregshatanipc@gmail.com<mailto:gregshatanipc@gmail.com>>:
I support certifying these matters to our counsel for advice.
Greg
On Tue, Oct 6, 2015 at 12:36 AM, Gregory, Holly <holly.gregory@sidley.com<mailto:holly.gregory@sidley.com>> wrote:
To: mathieu.weill@afnic.fr<mailto:mathieu.weill@afnic.fr>; thomas@rickert.net<mailto:thomas@rickert.net>; leonfelipe@sanchez.mx<mailto:leonfelipe@sanchez.mx>; ccwg-accountability5@icann.org<mailto:ccwg-accountability5@icann.org> Cc: Rosemary E. Fei (rfei@adlercolvin.com<mailto:rfei@adlercolvin.com>); Sidley ICANN CCWG; ICANN@adlercolvin.com<mailto:ICANN@adlercolvin.com> Subject: RE: certification of legal issues requested
Dear Co-Chairs, Consider whether to certify to us the question of whether under ICANN's current structure SOs and ACs have legal rights to select directors in line with designator rights under the California statute. Holly and Rosemary.
Sent with Good (www.good.com<http://www.good.com>)
________________________________ From: Gregory, Holly Sent: Monday, October 05, 2015 09:38:10 PM To: mathieu.weill@afnic.fr<mailto:mathieu.weill@afnic.fr>; thomas@rickert.net<mailto:thomas@rickert.net>; leonfelipe@sanchez.mx<mailto:leonfelipe@sanchez.mx>; ccwg-accountability5@icann.org<mailto:ccwg-accountability5@icann.org> Cc: Rosemary E. Fei (rfei@adlercolvin.com<mailto:rfei@adlercolvin.com>); Sidley ICANN CCWG; ICANN@adlercolvin.com<mailto:ICANN@adlercolvin.com> Subject: certification of legal issues requested Dear Co-Chairs
Based on much discussion and a fair degree of confusion evident in the email exchange, we request that you consider certifying the following question to us
• What are a director’s fiduciary duties to a California nonprofit public benefit corporation? What is the relationship between these duties and the mission of the corporation?
In addition, we note that Sam Eisner recently provided a note on the email regarding the availability of default judgments should the Board refuse to participate in an IRP. We have a different view and would like you to certify that question to us.
We note as a general matter that we are not able to provide answers to legal questions unless certified but ICANN Legal of course has no such limits. It does put us in a difficult position when we don’t agree, since some may take our silence as an indication of agreement.
Kind regards, Holly and Rosemary
HOLLY J. GREGORY Partner and Co-Chair Corporate Governance & Executive Compensation Practice Group Sidley Austin LLP 787 Seventh Avenue New York, NY 10019 +1 212 839 5853<tel:%2B1%20212%20839%205853> holly.gregory@sidley.com<mailto:holly.gregory@sidley.com> www.sidley.com<http://www.sidley.com/> [http://www.sidley.com/files/upload/signatures/SA-autosig.png]<http://www.sidley.com/> SIDLEY AUSTIN LLP
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_______________________________________________ Ccwg-accountability5 mailing list Ccwg-accountability5@icann.org<mailto:Ccwg-accountability5@icann.org> https://mm.icann.org/mailman/listinfo/ccwg-accountability5
_______________________________________________ Ccwg-accountability5 mailing list Ccwg-accountability5@icann.org<mailto:Ccwg-accountability5@icann.org> https://mm.icann.org/mailman/listinfo/ccwg-accountability5 _______________________________________________ Accountability-Cross-Community mailing list Accountability-Cross-Community@icann.org https://mm.icann.org/mailman/listinfo/accountability-cross-community
Thanks Holly, We have an agenda item in our upcoming call related to certification of requests. Suggest you bring it up at this point. Mathieu Weill --------------- Depuis mon mobile, désolé pour le style
Le 6 oct. 2015 à 06:36, Gregory, Holly <holly.gregory@sidley.com> a écrit :
To: mathieu.weill@afnic.fr; thomas@rickert.net; leonfelipe@sanchez.mx; ccwg-accountability5@icann.org Cc: Rosemary E. Fei (rfei@adlercolvin.com); Sidley ICANN CCWG; ICANN@adlercolvin.com Subject: RE: certification of legal issues requested
Dear Co-Chairs, Consider whether to certify to us the question of whether under ICANN's current structure SOs and ACs have legal rights to select directors in line with designator rights under the California statute. Holly and Rosemary.
Sent with Good (www.good.com)
From: Gregory, Holly Sent: Monday, October 05, 2015 09:38:10 PM To: mathieu.weill@afnic.fr; thomas@rickert.net; leonfelipe@sanchez.mx; ccwg-accountability5@icann.org Cc: Rosemary E. Fei (rfei@adlercolvin.com); Sidley ICANN CCWG; ICANN@adlercolvin.com Subject: certification of legal issues requested
Dear Co-Chairs
Based on much discussion and a fair degree of confusion evident in the email exchange, we request that you consider certifying the following question to us
· What are a director’s fiduciary duties to a California nonprofit public benefit corporation? What is the relationship between these duties and the mission of the corporation?
In addition, we note that Sam Eisner recently provided a note on the email regarding the availability of default judgments should the Board refuse to participate in an IRP. We have a different view and would like you to certify that question to us.
We note as a general matter that we are not able to provide answers to legal questions unless certified but ICANN Legal of course has no such limits. It does put us in a difficult position when we don’t agree, since some may take our silence as an indication of agreement.
Kind regards, Holly and Rosemary
HOLLY J. GREGORY Partner and Co-Chair Corporate Governance & Executive Compensation Practice Group Sidley Austin LLP 787 Seventh Avenue New York, NY 10019 +1 212 839 5853 holly.gregory@sidley.com www.sidley.com SIDLEY AUSTIN LLP
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participants (7)
-
Greg Shatan -
Gregory, Holly -
Jordan Carter -
Jorge.Cancio＠bakom.admin.ch -
Kavouss Arasteh -
Mathieu Weill -
Robin Gross