Correct, but ICANN does have D&O insurance (Hopefully) that should more that adequately cover the directors when acting within the scope of their directorship. Jeffrey J. Neuman Neustar, Inc. / Vice President, Law & Policy The information contained in this e-mail message is intended only for the use of the recipient(s) named above and may contain confidential and/or privileged information. If you are not the intended recipient you have received this e-mail message in error and any review, dissemination, distribution, or copying of this message is strictly prohibited. If you have received this communication in error, please notify us immediately and delete the original message. -----Original Message----- From: at-large-bounces@atlarge-lists.icann.org [mailto:at-large-bounces@atlarge-lists.icann.org] On Behalf Of Bret Fausett Sent: Tuesday, September 14, 2010 3:21 PM To: At-Large Worldwide Subject: Re: [At-Large] ICANN Board Nomination
Board payment is a difficult issue.
Another factor to consider is that, under California law, volunteer Board members of non-profit corporations are generally immune to personal liability.* Granted, ICANN is not the typical underfunded non-profit with limited ability to indemnify its directors and holding Directors and Officers liability insurance with low caps, but know that anyone who gets paid loses this statutory protection. Even if ICANN decided to pay its Board members, I wouldn't be surprised if some turned it down in order to retain the protection. -- Bret * "5239. (a) There shall be no personal liability to a third party for monetary damages on the part of a volunteer director or volunteer executive officer of a nonprofit corporation subject to this part, caused by the director's or officer's negligent act or omission in the performance of that person's duties as a director or officer...." http://www.leginfo.ca.gov/cgi-bin/displaycode?section=corp&group=05001-06000... _______________________________________________ At-Large mailing list At-Large@atlarge-lists.icann.org https://atlarge-lists.icann.org/mailman/listinfo/at-large At-Large Official Site: http://atlarge.icann.org