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
T: +44 20 7446 1281 (O)
T: +44 1245 262328
(H)
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