Re: [EXTERNAL] Re: LLC Board Meeting Details - 1 May 2019

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On 5/3/19 5:24 PM, John C Klensin wrote:
If you accept that reasoning, the question becomes whether there
is any reason why the information that should be available to
the Nomcom should not be available to the broader community.
Maybe there is, but, if there is, it almost certainly is not
because there is a legal requirement that the Nomcom and no one
else get it.   AFAICT (and, no, IMNAL but I do have some
experience with LLCs and COI disclosure information), there is
one, and only one, good reason for directors not making COI
information available to the community on whose behalf they are
acting.  That is if there are people one wants on the relevant
Board whose other commitments are such that a COI disclosure
requirement would prevent them from serving or cause them to not
want to serve.


Nondisclosure agreements are de rigueur for certain types of contractual relationships nowadays, frequently covering even the existence of the relationship itself. While obtaining narrow cutouts for evaluation as a candidate to serve on a board (i.e., disclosure to the NomCom) is a reasonable exception for candidates to ask of their business partners, doing so for full public disclosure clearly would not be.

/a




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