Dear members,

For the upcoming RIPE NCC General Meeting (GM), the Executive Board is
proposing three options for the RIPE NCC 2019 financial surplus.

The Board feels strongly that this is an appropriate moment to
strengthen the RIPE NCC's capital position to make sure that it can
continue its work with a solid financial basis in the coming years.

Therefore, the Board suggests that the membership vote for the option to
add 50% of the financial surplus to the RIPE NCC Clearing House reserves
and redistribute 50% to the membership in 2020. This option is a good
compromise between adding more capital for improved stability and a
predictable redistribution process where we return the financial surplus
to our members.

Although there are three possible outcomes (the two usual choices and
the 50% choice), there are two voting options. This avoids the
possibility of all options being rejected and no decision being made on
the surplus.

Option A (to add 100% to the reserves) is approved if it receives over
50% of Yes votes. Votes for Option B (to add 50% to the reserves) are
only considered if Option A does not pass. If both options receive less
than 50% of Yes votes, then the entire surplus will be redistributed to
the membership in 2020.

You can find more information in the supporting document:
https://www.ripe.net/participate/meetings/gm/meetings/october-2019/redistribution-of-the-ripe-ncc-2019-financial-surplus.pdf

And we encourage all members to register to vote at the upcoming GM:
https://www.ripe.net/s/gm-registration-october-2019

Regards,

Christian Kaufmann
RIPE NCC Executive Board Chairman