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</o:shapelayout></xml><![endif]--></head><body bgcolor=white lang=EN-US link=blue vlink=purple><div class=WordSection1><p class=MsoNormal><span style='font-family:"Verdana",sans-serif;color:#1F497D'>FYI: Resending as some may not have received the original email.<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Verdana",sans-serif;color:#1F497D'><o:p> </o:p></span></p><div><div style='border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b><span style='color:windowtext'>From:</span></b><span style='color:windowtext'> <a href="mailto:accountability-cross-community-bounces@icann.org">accountability-cross-community-bounces@icann.org</a> [<a href="mailto:accountability-cross-community-bounces@icann.org">mailto:accountability-cross-community-bounces@icann.org</a>] <b>On Behalf Of </b>Mathieu Weill<br><b>Sent:</b> Tuesday, October 13, 2015 3:09 AM<br><b>To:</b> <a href="mailto:accountability-cross-community@icann.org">accountability-cross-community@icann.org</a><br><b>Subject:</b> [CCWG-ACCT] Fwd: Memorandum with Responses to Questions on Director Fiduciary Duties under California Law<o:p></o:p></span></p></div></div><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><br>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<span style='font-size:12.0pt'><o:p></o:p></span></p><div><p class=MsoNormal><br><br>-------- Message transféré -------- <o:p></o:p></p><table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0><tr><td nowrap valign=top style='padding:0in 0in 0in 0in'><p class=MsoNormal align=right style='text-align:right'><b>Sujet : <o:p></o:p></b></p></td><td style='padding:0in 0in 0in 0in'><p class=MsoNormal>Memorandum with Responses to Questions on Director Fiduciary Duties under California Law<o:p></o:p></p></td></tr><tr><td nowrap valign=top style='padding:0in 0in 0in 0in'><p class=MsoNormal align=right style='text-align:right'><b>Date : <o:p></o:p></b></p></td><td style='padding:0in 0in 0in 0in'><p class=MsoNormal>Tue, 13 Oct 2015 04:09:36 +0000<o:p></o:p></p></td></tr><tr><td nowrap valign=top style='padding:0in 0in 0in 0in'><p class=MsoNormal align=right style='text-align:right'><b>De : <o:p></o:p></b></p></td><td style='padding:0in 0in 0in 0in'><p class=MsoNormal>Steven Chiodini <a href="mailto:schiodini@adlercolvin.com"><schiodini@adlercolvin.com></a><o:p></o:p></p></td></tr><tr><td nowrap valign=top style='padding:0in 0in 0in 0in'><p class=MsoNormal align=right style='text-align:right'><b>Pour : <o:p></o:p></b></p></td><td style='padding:0in 0in 0in 0in'><p class=MsoNormal>León Felipe Sánchez Ambía (<a href="mailto:leonfelipe@sanchez.mx">leonfelipe@sanchez.mx</a>) <a href="mailto:leonfelipe@sanchez.mx"><leonfelipe@sanchez.mx></a>, Thomas Rickert <a href="mailto:thomas@rickert.net"><thomas@rickert.net></a>, Mathieu Weill <a href="mailto:mathieu.weill@afnic.fr"><mathieu.weill@afnic.fr></a><o:p></o:p></p></td></tr><tr><td nowrap valign=top style='padding:0in 0in 0in 0in'><p class=MsoNormal align=right style='text-align:right'><b>Copie à : <o:p></o:p></b></p></td><td style='padding:0in 0in 0in 0in'><p class=MsoNormal>ACCT-Staff (<a href="mailto:acct-staff@icann.org">acct-staff@icann.org</a>) <a href="mailto:acct-staff@icann.org"><acct-staff@icann.org></a>, ICANN-Adler <a href="mailto:ICANN@adlercolvin.com"><ICANN@adlercolvin.com></a>, <a href="mailto:sidleyicannccwg@sidley.com">sidleyicannccwg@sidley.com</a> <a href="mailto:sidleyicannccwg@sidley.com"><sidleyicannccwg@sidley.com></a><o:p></o:p></p></td></tr></table><p class=MsoNormal style='margin-bottom:12.0pt'><span style='font-size:12.0pt;font-family:"Times New Roman",serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial",sans-serif'>Dear Co-Chairs and Staff:</span><o:p></o:p></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial",sans-serif'> </span><o:p></o:p></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial",sans-serif'>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.</span><o:p></o:p></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial",sans-serif'> </span><o:p></o:p></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial",sans-serif'>Best regards,</span><o:p></o:p></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial",sans-serif'>Steven Chiodini, for Adler & Colvin and Sidley Austin LLP</span><o:p></o:p></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial",sans-serif'> </span><span style='color:#1F497D'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial",sans-serif'>===== </span><o:p></o:p></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial",sans-serif'><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.</span><o:p></o:p></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'>===== </span><o:p></o:p></p><p class=MsoNormal> <o:p></o:p></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial",sans-serif'>Steven Chiodini</span><o:p></o:p></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial",sans-serif'>Of Counsel</span><span style='font-size:12.0pt'> <br></span><span style='font-size:10.0pt;font-family:"Arial",sans-serif'>Adler & Colvin</span><span style='font-size:12.0pt'> <br></span><span style='font-size:10.0pt;font-family:"Arial",sans-serif'>235 Montgomery Street, Suite 1220</span><span style='font-size:12.0pt'> <br></span><span style='font-size:10.0pt;font-family:"Arial",sans-serif'>San Francisco, CA 94104</span><span style='font-size:12.0pt'> <br></span><span style='font-size:10.0pt;font-family:"Arial",sans-serif'>Tel: 415-421-7555</span><span style='font-size:12.0pt'> <br></span><span style='font-size:10.0pt;font-family:"Arial",sans-serif'>Fax: 415-421-0712</span><span style='font-size:12.0pt'> <br></span><span style='font-size:10.0pt;font-family:"Arial",sans-serif'>email: <a href="mailto:schiodini@adlercolvin.com">schiodini@adlercolvin.com</a></span><span style='font-size:12.0pt'> <br></span><span style='font-size:10.0pt;font-family:"Arial",sans-serif'><a href="http://www.adlercolvin.com">www.adlercolvin.com</a></span><span style='font-size:12.0pt'> </span><o:p></o:p></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial",sans-serif'>The information in this e-mail message and any attachments may be privileged, confidential, and protected from disclosure. If you are not the intended recipient, any use, dissemination, distribution, or copying of this transmission is strictly prohibited. If you think that you have received this e-mail message in error, please e-mail the sender at <a href="mailto:schiodini@adlercolvin.com">schiodini@adlercolvin.com</a>, and delete all copies of this message and its attachments, if any. Thank you.</span><o:p></o:p></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial",sans-serif'> </span><o:p></o:p></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial",sans-serif'> </span><o:p></o:p></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Times New Roman",serif'><o:p> </o:p></span></p></div><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Times New Roman",serif'><o:p> </o:p></span></p></div></body></html>