[Osmf-talk] OSMF Articles of Association - Discussion on Revision for 2013 AGM - Prevention of "hostile" takeovers

Simon Poole simon at osmfoundation.org
Thu May 23 13:33:59 UTC 2013


No feedback and discussion? If that is really the case I would close
this part of the process.

As a next step the board will finalize a summary of the points we've
discussed and submit it to our counsel to be turned into a concrete
legal document.

Simon



Am 16.05.2013 12:37, schrieb Simon Poole:
> Since there doesn't seem to be a great desire to further discuss the
> question of corporate membership, I would move on to the final point
> raised by the AoA WG: prevention of "hostile" takeovers.
>
> The WG at the time didn't make any concrete proposals. The AoAs already
> has some provisions in the "Dissolution" section that require remaining
> assets (after the liquidation process) to be transferred to a similar
> organisation (this could for example be Wikimedia or OSgeo) which I
> believe are probably sufficient for that specific scenario. What I could
> imagine as a further protection is to require that sale or transfer of
> certain key assets (essentially IP and the database) in whole or
> partially require a special resolution by an AGM/EGM and cannot be
> decided by the board alone.
>
> Simon
>
>
>
>
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