Membership is FREE – with unlimited access to all features, tools, and discussions. Premium accounts get benefits like banner ads and newsletter exposure. ✅ Signature links are now free for all. Share your own thoughts and experience, accounts may be terminated for violations.
  • Welcome to AcornDomains.co.uk, a friendly community for UK domain investors, developers and anyone interested in domain names.

    Whether you're looking to buy or sell domains, learn more about the UK domain market, get feedback on your names, or simply chat with other domainers, you're in the right place. AcornDomains has been bringing together people from across the UK domain industry for many years, from complete beginners to experienced investors.

    Have a look around, join the discussions and, if you haven't already, create a free account and introduce yourself.

EGM Results

Status
Not open for further replies.
Hardly a surprising result, given the way the voting power is concentrated into a few large registrars hands.
 
Interesting reading this from 2008
Nominet critic wins boardroom seat • The Register

Chief executive Lesley Cowley also said that the existing board structure, together with low turnouts, makes Nominet "vulnerable to capture" by parties that might act in their own interests rather than those of the 3,000 members.

On the question of whether the board will again attempt to restructure how Nominet is governed, she added: "The governance is something that any board will be constantly looking at."

And this time they got it through under the pretence that the government could take control. So this has been on the cards since 2008 after the members rejected it last time, they just needed a reason to canvas and get people scared.

Another article relating to Angus Hanton's resignation
In his resignation letter he wrote: "The company is meant to be controlled by, and answerable to, its membership as well as having duties to the wider community. My firm impression is that some other directors would like to eliminate the membership's control of the organisation and are not committed to the company's not-for-profit objectives."

More stuff, this time relating to Davies' resignation.

Davies wrote that his primary objection to the management of Nominet arose from a cash bonus scheme for senior executives, approved by the board in October 2006. The Long-Term Incentive Plan (LTIP) will reward "eight or nine" executives, according to Gilbert, with a share from a bonus pool of £370,602. In his resignation letter Davies said he believed the figure was "obscene" in the current economic climate.
 
Regardless of individual feelings, it's hard to argue with majority votes over 90% from 72% of eligible voters. Countries have been governed for centuries with MUCH less!
 
Status
Not open for further replies.
Top Bottom