[Osmf-talk] Treasurer's report for 2017 AGM

[Martijn van Exel]

There is no malicious intent. The timing is entirely coincidental. We are not trying to obfuscate anything. We are looking to serve the best interest, needs and requirements of OSM, and from time to time that means accommodating a donor organization as well.

Martijn

> On Dec 8, 2017, at 2:35 PM, Christoph Hormann <chris_hormann at gmx.de> wrote:
> 
> On Friday 08 December 2017, Martijn van Exel wrote:
>> The donor asked to wait until the server was live and the final
>> report submitted back to them. [...]
> 
> Well - I completely get that during negotiations about a donation things 
> need to be kept confidential but once the donation is made and accepted  
> it needs to be communicated to the members and the donor has no right 
> to request this information to be withheld from the members.  I am no 
> expert in UK corporate law but i would expect this to be even a legal 
> requirement. Maybe someone who knows this better can shed some light on 
> it - since the members are formally liable i would assume the law 
> contains obligations for the board to inform the members about anything 
> substantially affecting the financial situations of the company in a 
> timely manner.  Doing this literally last minute the day before the AGM 
> has at best - as we tend to say in southern Germany - a "Geschmäckle".
> 
> -- 
> Christoph Hormann
> http://www.imagico.de/
> 
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