Hans Petter, Lyman - Hans Petter Holen wrote:
--On 7. oktober 2002 15:56 -0400 Lyman Chapin <lyman@acm.org> wrote:
For a public company, the shareholders (the general assembly?) can force or prevent bylaw changes by removing or seating individual directors, but they have no specific power of review. However, as this issue hadn't occurred to me before you raised it, I'd be interested to hear other viewpoints on how the Board's power to amend the bylaws should be specified.
Not so in Norway: Lov om allmennaksjeselskaper (allmennaksjeloven). http://www.lovdata.no/all/nl-19970613-045.html
[...] (Desicion to change the bylaws are made by the general assembly unless otherwise stated by law. Changes requres at least 2/3rds of the votes from the share holder capital represented at the meeting.)
So under Norwegian law ICANN as a public shareholder company would have to change this.
that is _exactly_ how changes to the bylaws would have to happen in Germany as well; at least for co-operatives. Regards, Carsten (speaking personally, not on behalf of the RIPE NCC)