[CCWG-ACCT] Clarification
Burr, Becky
Becky.Burr at neustar.biz
Thu May 21 16:45:26 UTC 2015
Steve Del Bianco asked if I meant to imply that you would have to go to an IRP first if the Board decided to ignore a community budget veto. My response below:
Depends a little on the details, e.g. Whether IRP exhaustion was required, etc., how easy it is to secure injunctive relief through IRP vs court. My real point is that in a membership structure the board would be legally bound to respect community veto, so unless you anticipate a lawless board, they would respect the veto. Without the membership structure the board has a legal obligation to exercise its fiduciary obligations and look behind the advisory veto. Assuming good faith all around, the membership structure actually reduces the likelihood of litigation
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