<html><head><meta http-equiv="Content-Type" content="text/html charset=utf-8"></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space;" class=""><div class=""><br class=""></div>Mathieu,<div class=""><br class=""></div><div class="">I think Jorge might be wanting the opposite of what you described, which is imposing constraints in fiduciary duties trumping community interests. </div><div class="">Either way, it could also be interesting to understand if under California law the "business judgment rule" (<a href="https://en.wikipedia.org/wiki/Business_judgment_rule" class="">https://en.wikipedia.org/wiki/Business_judgment_rule</a>) could allow a board member to choose a course of action that contradicts the corporation interests, as long as it follows community interests. Even though the Bylaws already contain deference to such community interests, in real life a board member might feel under pressure of the corporate machine to follow such a direction... </div><div class=""><br class=""></div><div class="">... I also wonder whether what the CCWG has, independent Legal Counsel, also could be useful to board members so they can be assured that they can vote with the community best interest in mind, when the corporation starts pushing toward a direction that does not fit the community or his/her own beliefs of where global public interest would be. </div><div class=""><br class=""></div><div class=""><br class=""></div><div class="">Rubens</div><div class=""><br class=""></div><div class=""><br class=""></div><div class=""><br class=""><div><blockquote type="cite" class=""><div class="">Em 2 de out de 2015, à(s) 11:25:000, Mathieu Weill <<a href="mailto:mathieu.weill@afnic.fr" class="">mathieu.weill@afnic.fr</a>> escreveu:</div><br class="Apple-interchange-newline"><div class=""><span style="font-family: Helvetica; font-size: 12px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); float: none; display: inline !important;" class="">Hi Jorge,<span class="Apple-converted-space"> </span></span><br style="font-family: Helvetica; font-size: 12px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255);" class=""><br style="font-family: Helvetica; font-size: 12px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255);" class=""><span style="font-family: Helvetica; font-size: 12px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); float: none; display: inline !important;" class="">Thanks for providing these additional thoughts and refinements. The way I read these is that you are not only looking for clarity of what fiduciary duties imply, but also on potentialoptions to make them enforceable (by specifying them in the Bylaws, etc.) ?<span class="Apple-converted-space"> </span></span><br style="font-family: Helvetica; font-size: 12px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255);" class=""><br style="font-family: Helvetica; font-size: 12px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255);" class=""><span style="font-family: Helvetica; font-size: 12px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); float: none; display: inline !important;" class="">This is certainly an aspect we need to clarify .<span class="Apple-converted-space"> </span></span><br style="font-family: Helvetica; font-size: 12px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255);" class=""><br style="font-family: Helvetica; font-size: 12px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255);" class=""><span style="font-family: Helvetica; font-size: 12px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); float: none; display: inline !important;" class="">Best</span><br style="font-family: Helvetica; font-size: 12px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255);" class=""><span style="font-family: Helvetica; font-size: 12px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); float: none; display: inline !important;" class="">Mathieu</span><br style="font-family: Helvetica; font-size: 12px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255);" class=""><br style="font-family: Helvetica; font-size: 12px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255);" class=""><span style="font-family: Helvetica; font-size: 12px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); float: none; display: inline !important;" class="">Le 02/10/2015 11:43,<span class="Apple-converted-space"> </span></span><a class="moz-txt-link-abbreviated" href="mailto:Jorge.Cancio@bakom.admin.ch" style="color: rgb(149, 79, 114); text-decoration: underline; font-family: Helvetica; font-size: 12px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255);">Jorge.Cancio@bakom.admin.ch</a><span style="font-family: Helvetica; font-size: 12px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); float: none; display: inline !important;" class=""><span class="Apple-converted-space"> </span></span><span style="font-family: Helvetica; font-size: 12px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); float: none; display: inline !important;" class="">a écrit :</span><br style="font-family: Helvetica; font-size: 12px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255);" class=""><blockquote cite="mid:AB0B03BAA04C59408DBA5398AFB3B520A058A7@SB00108A.adb.intra.admin.ch" type="cite" style="font-family: Helvetica; font-size: 12px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255);" class=""><div class="WordSection1" style="page: WordSection1;"><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span lang="EN-US" style="font-size: 12pt;" class="">Hi Mathieu,<o:p class=""></o:p></span></div><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span lang="EN-US" style="font-size: 12pt;" class=""><o:p class=""> </o:p></span></div><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span lang="EN-US" style="font-size: 12pt;" class="">After reviewing the legal memo you just sent and what it says about fiduciary duties, I feel that the question I’m presenting is not tackled in that Memo and that we still would largely benefit right now from a better understanding of the question I was proposing.<o:p class=""></o:p></span></div><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span lang="EN-US" style="font-size: 12pt;" class=""><o:p class=""> </o:p></span></div><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span lang="EN-US" style="font-size: 12pt;" class="">I’ve tried to specify the question a bit more, and it would look as follows:<o:p class=""></o:p></span></div><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span lang="EN-US" style="font-size: 12pt;" class=""><o:p class=""> </o:p></span></div><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span lang="EN-US" style="font-size: 12pt;" class="">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:<o:p class=""></o:p></span></div><p class="MsoListParagraph" style="margin-right: 0cm; margin-left: 36pt; font-size: 11pt; font-family: Calibri, sans-serif; text-indent: -18pt;"><span lang="EN-US" style="font-size: 12pt; font-family: Symbol;" class=""><span class="">·<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';" class=""> <span class="Apple-converted-space"> </span></span></span></span><span lang="EN-US" style="font-size: 12pt;" class="">concretizing these fiduciary duties in the Bylaws;</span><span lang="EN-US" style="font-size: 12pt;" class=""><o:p class=""></o:p></span></p><p class="MsoListParagraph" style="margin-right: 0cm; margin-left: 36pt; font-size: 11pt; font-family: Calibri, sans-serif; text-indent: -18pt;"><span lang="EN-US" style="font-size: 12pt; font-family: Symbol;" class=""><span class="">·<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';" class=""> <span class="Apple-converted-space"> </span></span></span></span><span lang="EN-US" style="font-size: 12pt;" class="">subjecting their correct interpretation to arbitration;</span><span lang="EN-US" style="font-size: 12pt;" class=""><o:p class=""></o:p></span></p><p class="MsoListParagraph" style="margin-right: 0cm; margin-left: 36pt; font-size: 11pt; font-family: Calibri, sans-serif; text-indent: -18pt;"><span lang="EN-US" style="font-size: 12pt; font-family: Symbol;" class=""><span class="">·<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';" class=""> <span class="Apple-converted-space"> </span></span></span></span><span lang="EN-US" style="font-size: 12pt;" class="">imposing special requirements on the rationale needed to be provided if they are used to override community decisions;</span><span lang="EN-US" style="font-size: 12pt;" class=""><o:p class=""></o:p></span></p><p class="MsoListParagraph" style="margin-right: 0cm; margin-left: 36pt; font-size: 11pt; font-family: Calibri, sans-serif; text-indent: -18pt;"><span lang="EN-US" style="font-size: 12pt; font-family: Symbol;" class=""><span class="">·<span style="font-style: normal; font-variant: normal; font-weight: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';" class=""> <span class="Apple-converted-space"> </span></span></span></span><span lang="EN-US" style="font-size: 12pt;" class="">imposing extra-supermajorities in the Board in order to being able to invoke such duties?</span><span lang="EN-US" style="font-size: 12pt;" class=""><o:p class=""></o:p></span></p><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span lang="EN-US" style="font-size: 12pt;" class=""><o:p class=""> </o:p></span></div><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span lang="EN-US" style="font-size: 12pt;" class="">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.<o:p class=""></o:p></span></div><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span lang="EN-US" style="font-size: 12pt;" class=""><o:p class=""> </o:p></span></div><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span lang="EN-US" style="font-size: 12pt;" class="">Please let me know if you can proceed with this.<o:p class=""></o:p></span></div><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span lang="EN-US" style="font-size: 12pt;" class=""><o:p class=""> </o:p></span></div><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span style="font-size: 12pt;" class="">Regards<o:p class=""></o:p></span></div><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span style="font-size: 12pt;" class=""><o:p class=""> </o:p></span></div><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span style="font-size: 12pt;" class="">Jorge<br class=""><br class=""></span><span style="color: rgb(31, 73, 125);" class=""><o:p class=""></o:p></span></div><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span style="color: rgb(31, 73, 125);" class=""><o:p class=""> </o:p></span></div><div class=""><div style="border-style: solid none none; border-top-color: rgb(225, 225, 225); border-top-width: 1pt; padding: 3pt 0cm 0cm;" class=""><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><b class=""><span lang="DE" style="color: windowtext;" class="">Von:</span></b><span lang="DE" style="color: windowtext;" class=""><span class="Apple-converted-space"> </span>Mathieu Weill [<a class="moz-txt-link-freetext" href="mailto:mathieu.weill@afnic.fr" style="color: rgb(149, 79, 114); text-decoration: underline;">mailto:mathieu.weill@afnic.fr</a>]<span class="Apple-converted-space"> </span><br class=""><b class="">Gesendet:</b><span class="Apple-converted-space"> </span>Freitag, 2. Oktober 2015 11:06<br class=""><b class="">An:</b><span class="Apple-converted-space"> </span>Cancio Jorge BAKOM<span class="Apple-converted-space"> </span><a class="moz-txt-link-rfc2396E" href="mailto:Jorge.Cancio@bakom.admin.ch" style="color: rgb(149, 79, 114); text-decoration: underline;"><Jorge.Cancio@bakom.admin.ch></a>;<span class="Apple-converted-space"> </span><a class="moz-txt-link-abbreviated" href="mailto:accountability-cross-community@icann.org" style="color: rgb(149, 79, 114); text-decoration: underline;">accountability-cross-community@icann.org</a><br class=""><b class="">Cc:</b><span class="Apple-converted-space"> </span><a class="moz-txt-link-abbreviated" href="mailto:leonfelipe@sanchez.mx" style="color: rgb(149, 79, 114); text-decoration: underline;">leonfelipe@sanchez.mx</a>;<span class="Apple-converted-space"> </span><a class="moz-txt-link-abbreviated" href="mailto:thomas@rickert.net" style="color: rgb(149, 79, 114); text-decoration: underline;">thomas@rickert.net</a><br class=""><b class="">Betreff:</b><span class="Apple-converted-space"> </span>Re: question on fiduciary duties and their objectivity<o:p class=""></o:p></span></div></div></div><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span lang="EN-US" class=""><o:p class=""> </o:p></span></div><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span lang="EN-US" class="">Dear Jorge,<span class="Apple-converted-space"> </span><br class=""><br class="">You are rightly pointing out one of the key areas where a shared understanding of the concept and consequences has not been achieved so far. $<br class=""><br class="">Our 2nd report highlighted this issue for further investigation during WS2, but I note that some comments mentioned that this should not be clarified as part of WS1. The exact wording of our work item was :<br class=""><br class=""></span><span lang="EN-US" style="font-size: 12pt;" class=""><o:p class=""></o:p></span></div><blockquote style="margin-top: 5pt; margin-bottom: 5pt;" class=""><p class="MsoListParagraph" style="margin-right: 0cm; margin-left: 72pt; font-size: 11pt; font-family: Calibri, sans-serif;"><span lang="EN-US" class="">o</span><span lang="EN-US" style="font-size: 7pt;" class=""> <span class="Apple-converted-space"> </span></span><span lang="EN-US" class="">Clarifying understanding of the fiduciary duties of Board Directors and related expectations concerning Director behavior for the Board.</span><span lang="EN-US" class=""><o:p class=""></o:p></span></p></blockquote><p class="MsoNormal" style="margin: 0cm 0cm 12pt; font-size: 11pt; font-family: Calibri, sans-serif;"><span style="font-size: 12pt;" class=""><br class="">Past work on the topic include several mentions in legal memos. Most notable is on page 4 of one of the initial memos from our Counsel dated 12 april (<a moz-do-not-send="true" href="https://community.icann.org/download/attachments/52890082/Combined%20CCWG%20Cover%20Memo%20and%20Templates.pdf?version=3&modificationDate=1428797461000&api=v2" style="color: rgb(149, 79, 114); text-decoration: underline;" class="">https://community.icann.org/download/attachments/52890082/Combined%20CCWG%20Cover%20Memo%20and%20Templates.pdf?version=3&modificationDate=1428797461000&api=v2</a>) which addresses the balance between accountability and decision making authority.<span class="Apple-converted-space"> </span><br class=""><br class="">If we were to pursue this at this stage, we probably should flesh out some questions to direct work from our Counsel. What would be the type of questions you would raise Jorge ? (or others) ?<span class="Apple-converted-space"> </span><br class=""><br class="">Best<br class="">Mathieu<br class=""> <o:p class=""></o:p></span></p><div class=""><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span style="font-size: 12pt;" class="">Le 01/10/2015 10:41,<span class="Apple-converted-space"> </span><a moz-do-not-send="true" href="mailto:Jorge.Cancio@bakom.admin.ch" style="color: rgb(149, 79, 114); text-decoration: underline;" class="">Jorge.Cancio@bakom.admin.ch</a><span class="Apple-converted-space"> </span>a écrit :<o:p class=""></o:p></span></div></div><blockquote style="margin-top: 5pt; margin-bottom: 5pt;" class=""><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span lang="EN-US" class="">Dear all,<o:p class=""></o:p></span></div><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span lang="EN-US" class=""> <o:p class=""></o:p></span></div><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span lang="EN-US" class="">During the debates we had on the last conference call I put forward a question which I feel could be important to better understand under Californian corporate law.<o:p class=""></o:p></span></div><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span lang="EN-US" class=""> <o:p class=""></o:p></span></div><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span lang="EN-US" class="">This is whether there are any means to subject the exercise of “fiduciary duties” (by the Board) to objective standards.<o:p class=""></o:p></span></div><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span lang="EN-US" class=""> <o:p class=""></o:p></span></div><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span lang="EN-US" class="">As I have understood the discussion so far, the membership model allows the member to override “fiduciary duties” of the Board. However the member itself has no fiduciary duties vis-à-vis the organization.<o:p class=""></o:p></span></div><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span lang="EN-US" class=""> <o:p class=""></o:p></span></div><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span lang="EN-US" class="">On the other hand, fiduciary duties are apparently a useful tool within corporate law, as it imposes a duty to care for the welfare of the whole of the organization.<o:p class=""></o:p></span></div><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span lang="EN-US" class=""> <o:p class=""></o:p></span></div><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span lang="EN-US" class="">The argument which is made by some, as far as I understand it, is that there is however a problem in the exercise of “fiduciary duties” as it would provide the Board with an “arbitrary” power, e.g. to override community decisions (in exercise of community powers) without being bound to any objective standards.<o:p class=""></o:p></span></div><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span lang="EN-US" class=""> <o:p class=""></o:p></span></div><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span lang="EN-US" class="">Considering all this, my question (to the Lawyers, if this is certified as a question to them) would be: is there any means under Californian Law (or other US jurisdictions…) that would allow to subject the exercise of fiduciary duties to objective standards? (e.g. be it through concretizing these duties in the Bylaws, subjecting them to arbitration, imposing special requirements on the rationale needed to be provided if they are used to override community decisions, or, for instance, imposing extra-supermajorities in the Board in order to being able to invoke such duties?)<o:p class=""></o:p></span></div><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span lang="EN-US" class=""> <o:p class=""></o:p></span></div><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span lang="EN-US" class="">Hope this helps,<o:p class=""></o:p></span></div><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span lang="EN-US" class=""> <o:p class=""></o:p></span></div><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span lang="EN-US" class="">Regards<o:p class=""></o:p></span></div><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span lang="EN-US" class=""> <o:p class=""></o:p></span></div><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span lang="EN-US" class="">Jorge<span class="Apple-converted-space"> </span><o:p class=""></o:p></span></div></blockquote><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span style="font-size: 12pt;" class=""><br class=""><br class=""><o:p class=""></o:p></span></div><pre style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Courier New';" class="">-- <o:p class=""></o:p></pre><pre style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Courier New';" class="">*****************************<o:p class=""></o:p></pre><pre style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Courier New';" class="">Mathieu WEILL<o:p class=""></o:p></pre><pre style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Courier New';" class="">AFNIC - directeur général<o:p class=""></o:p></pre><pre style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Courier New';" class="">Tél: +33 1 39 30 83 06<o:p class=""></o:p></pre><pre style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Courier New';" class=""><a moz-do-not-send="true" href="mailto:mathieu.weill@afnic.fr" style="color: rgb(149, 79, 114); text-decoration: underline;" class="">mathieu.weill@afnic.fr</a><o:p class=""></o:p></pre><pre style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Courier New';" class="">Twitter : @mathieuweill<o:p class=""></o:p></pre><pre style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Courier New';" class="">*****************************<o:p class=""></o:p></pre></div></blockquote><br style="font-family: Helvetica; font-size: 12px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255);" class=""><pre class="moz-signature" cols="72" style="margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: 'Courier New'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255);">--
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Mathieu WEILL
AFNIC - directeur général
Tél: +33 1 39 30 83 06
<a class="moz-txt-link-abbreviated" href="mailto:mathieu.weill@afnic.fr" style="color: rgb(149, 79, 114); text-decoration: underline;">mathieu.weill@afnic.fr</a>
Twitter : @mathieuweill
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</pre><span style="font-family: Helvetica; font-size: 12px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); float: none; display: inline !important;" class="">_______________________________________________</span><br style="font-family: Helvetica; font-size: 12px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255);" class=""><span style="font-family: Helvetica; font-size: 12px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); float: none; display: inline !important;" class="">Accountability-Cross-Community mailing list</span><br style="font-family: Helvetica; font-size: 12px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255);" class=""><a href="mailto:Accountability-Cross-Community@icann.org" style="color: rgb(149, 79, 114); text-decoration: underline; font-family: Helvetica; font-size: 12px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255);" class="">Accountability-Cross-Community@icann.org</a><br style="font-family: Helvetica; font-size: 12px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255);" class=""><a href="https://mm.icann.org/mailman/listinfo/accountability-cross-community" style="color: rgb(149, 79, 114); text-decoration: underline; font-family: Helvetica; font-size: 12px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255);" class="">https://mm.icann.org/mailman/listinfo/accountability-cross-community</a><br style="font-family: Helvetica; font-size: 12px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255);" class=""></div></blockquote></div><br class=""></div></body></html>