Otto
Some quick comments on Leon Strous's document (made without consulting the By-Laws or Standing Orders):
Item 1a looks reasonable, provided the TC has a big enough fund balance at the end of year n-1. If not, Item 1a does include the phrases "As a rule" and "For exceptional reasons". Two questions: - Who can authorise breaking the 50% rule? - What happens with a new TC (or a rescued TC) which has little or no fund balance at the end of year n-1?
Item 2f does not look too unreasonable but who has the authority to change the EUR15 000 threshold should a change ever becomes necessary?
A minor point on that one is that Leon has used the "continental Europe" separator (".") at the thousands level, some of the rest of the world (!) uses "," for that! Note that in my comment, I've stayed neutral!
(Leon has also used a date form that could have been ambiguous had he written his note a few days earlier - may I suggest using either ISO8601 dates or letters for the month?)
Regards (and have a good trip)
Peter
Peter Radford UK Representative to TC6
E: Peter.Radford@LogicaCMG.com mailto:Peter.Radford@LogicaCMG.com T: +44 20 7446 1281 (O) T: +44 1245 262328 (H)
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