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<DIV><FONT face=Arial size=2><SPAN
class=468094313-22102007><STRONG>Background</STRONG></SPAN></FONT></DIV>
<DIV><FONT face=Arial size=2><SPAN class=468094313-22102007>Proxy voting is not
allowed under the current by laws.</SPAN></FONT></DIV>
<DIV><FONT face=Arial size=2><SPAN class=468094313-22102007>A request to the
Board amend the bylaws is possible.</SPAN></FONT></DIV>
<DIV><FONT face=Arial size=2><SPAN class=468094313-22102007>Council agreed to
await the publication of the next GNSO review report</SPAN></FONT></DIV>
<DIV><FONT face=Arial size=2><SPAN
class=468094313-22102007></SPAN></FONT> </DIV>
<DIV><FONT face=Arial size=2><SPAN
class=468094313-22102007><STRONG>Update</STRONG></SPAN></FONT></DIV>
<DIV><FONT face=Arial size=2><SPAN class=468094313-22102007>There is not a word
on proxy voting in the October 15 report from the BGC WG.</SPAN></FONT></DIV>
<DIV><FONT face=Arial size=2><SPAN
class=468094313-22102007></SPAN></FONT> </DIV>
<DIV><FONT face=Arial size=2><SPAN
class=468094313-22102007><STRONG>Proposal</STRONG></SPAN></FONT></DIV>
<DIV><FONT face=Arial size=2><SPAN class=468094313-22102007>Council request
staff to write a short options paper on conditions for proxy voting (eg who can
hold the proxy, how many proxies, notification of proxy, withdrawal of proxy
etc).</SPAN></FONT></DIV>
<DIV><FONT face=Arial size=2><SPAN class=468094313-22102007>Staff can consider
the old DNSO proxy voting guidelines as a starting point. (They worked well and
were not abused.)</SPAN></FONT></DIV>
<DIV><FONT face=Arial size=2><SPAN class=468094313-22102007>Council discusses
the options and then instructs staff to draft a resolution to request of Board
the preferred option.</SPAN></FONT></DIV>
<DIV><FONT face=Arial size=2><SPAN
class=468094313-22102007></SPAN></FONT> </DIV>
<DIV><FONT face=Arial size=2><SPAN
class=468094313-22102007>Philip</SPAN></FONT></DIV>
<DIV><FONT face=Arial size=2><SPAN
class=468094313-22102007></SPAN></FONT> </DIV></BODY></HTML>