auDA – A Significant Change

auDA LogoBeing the intrepid “reporter” that I am, I noticed when the nominations came out that there was one glaring omission in Demand Class. Stuart Benjamin is a current Demand Class Director, as well as being Chairman of auDA. He was due for re-election at this AGM – however, he has not nominated. This means only one incumbent Demand Class Director is standing for re-election (Simon Johnson).

So is Stuart Benjamin retiring from auDA? The simple answer is no.

My sources tell me that he is to become an Independent Director. I’m not sure whether this has been ratified as yet, but no doubt members will be informed when the “powers that be” deem it necessary. 🙁

The “unhappy face” denotes my attitude towards another specific example of lack of communication with members. As there is an AGM and election taking place in just over 2 weeks, it was (and is) incumbent upon the auDA Board and management to have already advised members of such a significant change.

As for the move itself, it makes a lot of sense to me. Stability in the role of Chairman is vital. The former Chairman (Tony Staley, AO) was (and is) an Independent Director. I think a Chairman needs to ostensibly be independent. Stuart Benjamin is a good guy in my opinion, and I’m really happy to see him in this role.

With the recent appointment of Leonie Walsh, this now brings the quota of Independent Directors back up to three (including Stuart). There is also a proposal to expand the Independents to four. This will be voted on at the AGM.

auda-directors-11-nov-2016

Opportunity

There is another positive to this move of Stuart Benjamin to Independent Director. He would have been a formidable candidate if he had stood for re-election in Demand Class. Now there are two positions vacant, and domain investors have a very good chance of getting one (if not two) of their candidates elected.

What are your thoughts?

 

Ned O’Meara – 11th November 2016


Disclaimer

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5 thoughts on “auDA – A Significant Change

  • Avatar
    November 11, 2016 at 4:30 pm
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    Thanks for sharing this important news Ned.  As far as the elections go, this is a big deal.  We all knew Stuart wasn’t standing for re-election, and it’s nice to now know why.

    This makes it even more important for all auDA demand class members to get behind the candidates that best represent their views.

    PS.  Congratulations on the appointment Stuart.

  • Avatar
    November 11, 2016 at 5:29 pm
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    Poor corporate conduct.

    Jeff

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  • Avatar
    November 13, 2016 at 3:47 pm
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    What you have is a small core group stacking the board and solidifying their influence.

    That’s three “independent” directors they have appointed.

    It’s time the government intervened in this farce.

     

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    • Avatar
      November 13, 2016 at 11:12 pm
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      Perhaps the government is part of the farce? …They have been on the auDA board as an observer for so many years  but it seems they may have been asleep.. they have no problems attending the Christmas parties and auDA entertainment events 🙂

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    November 14, 2016 at 11:47 am
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    Given there is no supporting information for this significant change in the auDA constitution, I have formally requested that the agenda item be removed from the 2016 auDA AGM agenda.  My thoughts: https://joshrowe.com/2016/11/06/auda-agm-why-i-am-voting-no/

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