It is not uncommon for such transactions to be negotiated in confidence. ISOC Board members probably knew about it but would have been obligated to not disclose to anyone without need to know status. Would be interesting to see in due course how much influence the Ethos Capital Stewardship Council will have over Ethos Capital board of directors, if at all. Justine ----- On Thu, 14 Nov 2019 at 10:37, Maureen Hilyard <maureen.hilyard@gmail.com> wrote:
Thank you for the explanation and clarification, Justine. Doesnt sound as doom and gloom as initially assumed. But interesting that nothing was intimated prior.
M
On Wed, 13 Nov 2019, 4:33 PM Justine Chew, <justine.chew@gmail.com> wrote:
It is an outright sale of an asset, the proceeds of which go toward "an endowment fund" for ISOC projects/activities. No revenue sharing is involved.
The announcement indicated that all projects and operations will continue as is under new ownership. With its policy on public/community benefit presumably driven and overseen by Ethos Capital's Stewardship Council - I wonder who they will put on this Council.
PIR under Ethos Capital will lose its not-for-profit status, so there might be financial implication not to ISOC but possibly PIR's existing .org customers/registrants.
We shall see.
Justine -----
On Thu, 14 Nov 2019 at 10:21, Maureen Hilyard <maureen.hilyard@gmail.com> wrote:
As Eduardo said there are lots of unknowns at present. Who knows?
On Wed, 13 Nov 2019, 3:02 PM Alan Greenberg, <alan.greenberg@mcgill.ca> wrote:
Why will it have major implications on ISOC Chapters?
Alan
At 13/11/2019 02:52 PM, Maureen Hilyard wrote:
I know for sure that this was not even hinted at during the last PIR Advisory Council meeting.. but it will have major implications for the ISOC chapters. What are they/ISOC thinking?
Maureen
On Wed, Nov 13, 2019 at 7:59 AM Marita Moll <mmoll@ca.inter.net> wrote:
Had we known this was lurking in the background -- which it most certainly was at the time -- it might have been a different discussion. How much did ISOC know and when did they know it -- a question ISOC chapters might want to ask.
Marita -------- Forwarded Message -------- Subject: ISOC sells PIR Date: Wed, 13 Nov 2019 17:38:29 +0000 From: Stephanie Perrin <stephanie.perrin@MAIL.UTORONTO.CA> <stephanie.perrin@MAIL.UTORONTO.CA> Reply-To: Stephanie Perrin <stephanie.perrin@MAIL.UTORONTO.CA> <stephanie.perrin@MAIL.UTORONTO.CA> To: NCSG-DISCUSS@LISTSERV.SYR.EDU
I must say, this casts the decision to drop price caps for .org in a slightly different light. I will keep you posted as I learn more.
https://www.businesswire.com/news/home/20191113005661/en/Ethos-Capital-Acqui...
Stephanie Perrin
NCSG Chair
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