<div dir="ltr">Just as an example, the
Bylaws could provide that all SOs and ACs must approve specific decisions in order for the
community to direct the Sole Member with respect to the unwanted statutory right. This could
even include involving the Board of Directors (for example with a trigger right, or an approval or
veto right) with respect to dissolution and other statutory rights of concern. Th<b><i>e goal of such an
approach would be to assure shared as opposed to unilateral governance of specificallyidentified
critical decisions</i></b><br></div><div class="gmail_extra"><br><div class="gmail_quote">On Sat, Oct 3, 2015 at 12:54 PM, Seun Ojedeji <span dir="ltr"><<a href="mailto:seun.ojedeji@gmail.com" target="_blank">seun.ojedeji@gmail.com</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><p dir="ltr">Hello Gregory, </p>
<p dir="ltr">This is quite helpful memo, I particularly like the text below:</p>
<p dir="ltr">"...Level 2: A consensus among all participating SOs and ACs (based on the Level 1 decisions of each participant) is then required to meet whatever decision threshold for a particular matter has been set in the Bylaws; it is at this level, Level 2, where it is entirely lawful to
<br>
impose severe limits on the ability to direct the Sole Member with respect to any statutory rights that are of concern.."</p>
<p dir="ltr">Will be good to know how this will work with ACs especially if votes is used to gauge consensus (this ofcourse is not a legal question)</p>
<p dir="ltr">Regards</p>
<p dir="ltr">Sent from my Asus Zenfone2<br>
Kindly excuse brevity and typos.</p>
<div class="gmail_quote"><div><div class="h5">On 2 Oct 2015 20:39, "Gregory, Holly" <<a href="mailto:holly.gregory@sidley.com" target="_blank">holly.gregory@sidley.com</a>> wrote:<br type="attribution"></div></div><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div><div class="h5">
<div lang="EN-US" link="blue" vlink="purple">
<p></p>
<div>
<p class="MsoNormal"><span style="color:#1f497d">Thomas, Mathieu and Leon and CCWG,,
<u></u><u></u></span></p>
<p class="MsoNormal"><span style="color:#1f497d"> In addition to slides comparing the Sole Member, Sole Designator and Board Proposal from last week (which we understand did not get posted yet) , we are providing a memo as requested in LA that discusses how
the statutory rights of a member can be constrained in the Sole Member model. <u></u><u></u></span></p>
<p class="MsoNormal"><span style="color:#1f497d">Kind regards, Holly and Rosemary<u></u><u></u></span></p>
<p class="MsoNormal"><span style="color:#1f497d"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="color:#1f497d"><u></u> <u></u></span></p>
<div>
<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1f497d">HOLLY</span></b><span style="font-size:9.0pt;font-family:"Arial","sans-serif";color:#1f497d"> </span><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1f497d">GREGORY</span></b><span style="font-size:9.0pt;font-family:"Arial","sans-serif";color:#1f497d"><br>
Partner<br>
<br>
</span><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1f497d">Sidley Austin LLP</span></b><b><span style="font-size:9.0pt;font-family:"Arial","sans-serif";color:#1f497d"><br>
</span></b><span style="font-size:9.0pt;font-family:"Arial","sans-serif";color:#1f497d"><a href="tel:%2B1%20212%20839%205853" value="+12128395853" target="_blank">+1 212 839 5853</a><br>
<a href="mailto:holly.gregory@sidley.com" title="Click to send email to Gregory, Holly" target="_blank">holly.gregory@sidley.com</a><u></u><u></u></span></p>
</div>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1f497d"> </span><span style="color:#1f497d"><u></u><u></u></span></p>
<div>
<div>
<p class="MsoNormal" style="margin-left:.5in"> <u></u><u></u></p>
</div>
</div>
</div>
<p></p>
<p> </p>
<p>****************************************************************************************************<br>
This e-mail is sent by a law firm and may contain information that is privileged or confidential.<br>
If you are not the intended recipient, please delete the e-mail and any attachments and notify us<br>
immediately.<br>
<br>
****************************************************************************************************</p>
</div>
<br></div></div><span class="">_______________________________________________<br>
Accountability-Cross-Community mailing list<br>
<a href="mailto:Accountability-Cross-Community@icann.org" target="_blank">Accountability-Cross-Community@icann.org</a><br>
<a href="https://mm.icann.org/mailman/listinfo/accountability-cross-community" rel="noreferrer" target="_blank">https://mm.icann.org/mailman/listinfo/accountability-cross-community</a><br>
<br></span></blockquote></div>
<br>_______________________________________________<br>
Accountability-Cross-Community mailing list<br>
<a href="mailto:Accountability-Cross-Community@icann.org">Accountability-Cross-Community@icann.org</a><br>
<a href="https://mm.icann.org/mailman/listinfo/accountability-cross-community" rel="noreferrer" target="_blank">https://mm.icann.org/mailman/listinfo/accountability-cross-community</a><br>
<br></blockquote></div><br><br clear="all"><div><br></div>-- <br><div class="gmail_signature"><div dir="ltr"><div><div dir="ltr"><div dir="ltr"><div><span style="font-size:small">-- </span><br style="font-size:small"><div style="font-size:small"><div dir="ltr"><div dir="ltr">Head, Cyber Initiative<div>Observer Research Foundation, New Delhi</div><div><a href="http://amsukumar.tumblr.com/" style="color:rgb(17,85,204)" target="_blank">http://amsukumar.tumblr.com</a></div><div>+91-9871943272</div></div></div></div></div></div></div></div></div></div>
</div>