Nominet is updating its Articles of Association, the document that describes how the company interacts with its members, and the way in which it is governed.
This first consultation dealt with Board composition, policy and fees. We proposed to:
- modify the composition of the Board - increase the board size, introduce a new category of appointed non-executive directors, and implement best practice with regard to length of service for non-executive directors
- enshrine the company's practice of consulting on policy issues in the articles
- give the Board the ability to regulate sale price as well as cost, by giving the directors the power to change all fees
The consultation ran for 3 months, from 2 February - 9 May 2007.
We are currently running a second consultation period, also lasting 3 months, which will cover issues relating to the membership, proxies and legal technicalities. Our aim is to bring final proposals to an Extraordinary General Meeting by the end of 2007.
The responses we received to the first consultation are published below.