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Dear Colleagues, <br>
<br>
Please find attached the memo from our counsel regarding fiduciary
duties. This was request #71, certified on October 6. <br>
<br>
A very clear executive summary is provided, and I strongly encourage
you to read it. Bruce, in your capacity of Board liaison, it would
be greatly appreciated if you could share it with the whole Board,
as I believe the question is a core concern for Board members. <br>
<br>
Best<br>
Mathieu<br>
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<td>Memorandum with Responses to Questions on Director
Fiduciary Duties under California Law</td>
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<th align="RIGHT" nowrap="nowrap" valign="BASELINE">Date : </th>
<td>Tue, 13 Oct 2015 04:09:36 +0000</td>
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<th align="RIGHT" nowrap="nowrap" valign="BASELINE">De : </th>
<td>Steven Chiodini <a class="moz-txt-link-rfc2396E" href="mailto:schiodini@adlercolvin.com"><schiodini@adlercolvin.com></a></td>
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<th align="RIGHT" nowrap="nowrap" valign="BASELINE">Pour : </th>
<td>León Felipe Sánchez Ambía (<a class="moz-txt-link-abbreviated" href="mailto:leonfelipe@sanchez.mx">leonfelipe@sanchez.mx</a>)
<a class="moz-txt-link-rfc2396E" href="mailto:leonfelipe@sanchez.mx"><leonfelipe@sanchez.mx></a>, Thomas Rickert
<a class="moz-txt-link-rfc2396E" href="mailto:thomas@rickert.net"><thomas@rickert.net></a>, Mathieu Weill
<a class="moz-txt-link-rfc2396E" href="mailto:mathieu.weill@afnic.fr"><mathieu.weill@afnic.fr></a></td>
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<th align="RIGHT" nowrap="nowrap" valign="BASELINE">Copie
à : </th>
<td>ACCT-Staff (<a class="moz-txt-link-abbreviated" href="mailto:acct-staff@icann.org">acct-staff@icann.org</a>)
<a class="moz-txt-link-rfc2396E" href="mailto:acct-staff@icann.org"><acct-staff@icann.org></a>, ICANN-Adler
<a class="moz-txt-link-rfc2396E" href="mailto:ICANN@adlercolvin.com"><ICANN@adlercolvin.com></a>, <a class="moz-txt-link-abbreviated" href="mailto:sidleyicannccwg@sidley.com">sidleyicannccwg@sidley.com</a>
<a class="moz-txt-link-rfc2396E" href="mailto:sidleyicannccwg@sidley.com"><sidleyicannccwg@sidley.com></a></td>
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<p class="MsoNormal"><span
style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">Dear
Co-Chairs and Staff:<o:p></o:p></span></p>
<p class="MsoNormal"><span
style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black"><o:p> </o:p></span></p>
<p class="MsoNormal"><span
style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">On
behalf of our two firms, we are submitting the attached
memorandum with responses to your certified questions on
director fiduciary duties under California law, for
distribution and posting by you.<o:p></o:p></span></p>
<p class="MsoNormal"><span
style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black"><o:p> </o:p></span></p>
<p class="MsoNormal"><span
style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">Best
regards,<o:p></o:p></span></p>
<p class="MsoNormal"><span
style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">Steven
Chiodini, for Adler & Colvin and Sidley Austin LLP<o:p></o:p></span></p>
<p class="MsoNormal"><span
style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black"><o:p> </o:p></span></p>
<p class="MsoNormal" style="margin-bottom:12.0pt"><span
style="color:black"><o:p> </o:p></span></p>
<p class="MsoNormal"><span
style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">=====
<o:p></o:p></span></p>
<p class="MsoNormal"><span
style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black"><br>
Please be aware that this email is intended to provide a
short response to the questions posed, without the benefit
of legal research. If you would like a more thoroughly
considered and researched response, please let us know.<o:p></o:p></span></p>
<p class="MsoNormal"
style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span
style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">=====
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black"><o:p> </o:p></span></p>
<p class="MsoNormal"><span
style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">Steven
Chiodini<o:p></o:p></span></p>
<p class="MsoNormal"><span
style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">Of
Counsel</span><span
style="font-size:12.0pt;font-family:"Times New
Roman","serif";color:black">
<br>
</span><span
style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">Adler
& Colvin</span><span
style="font-size:12.0pt;font-family:"Times New
Roman","serif";color:black">
<br>
</span><span
style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">235
Montgomery Street, Suite 1220</span><span
style="font-size:12.0pt;font-family:"Times New
Roman","serif";color:black">
<br>
</span><span
style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">San
Francisco, CA 94104</span><span
style="font-size:12.0pt;font-family:"Times New
Roman","serif";color:black">
<br>
</span><span
style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">Tel:
415-421-7555</span><span
style="font-size:12.0pt;font-family:"Times New
Roman","serif";color:black">
<br>
</span><span
style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">Fax:
415-421-0712</span><span
style="font-size:12.0pt;font-family:"Times New
Roman","serif";color:black">
<br>
</span><span
style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">email:
<a class="moz-txt-link-abbreviated" href="mailto:schiodini@adlercolvin.com">schiodini@adlercolvin.com</a></span><span
style="font-size:12.0pt;font-family:"Times New
Roman","serif";color:black">
<br>
</span><span
style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black"><a class="moz-txt-link-abbreviated" href="http://www.adlercolvin.com">www.adlercolvin.com</a></span><span
style="font-size:12.0pt;font-family:"Times New
Roman","serif";color:black">
<o:p></o:p></span></p>
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<a class="moz-txt-link-abbreviated" href="mailto:schiodini@adlercolvin.com">schiodini@adlercolvin.com</a>, and delete all copies of this
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