[Community-Discuss] Closed members and recovered resources

[Sunday Folayan]

Dear Noah,

Please see my comments inset:


On 22/06/2017 20:28, Noah wrote:
>
>
> On 22 Jun 2017 9:49 p.m., "Andrew Alston" 
> <Andrew.Alston at liquidtelecom.com 
> <mailto:Andrew.Alston at liquidtelecom.com>> wrote:
>
>     Noah –
>
>     An annual report – by law – has to contain the financials – audits
>     cannot even BEGIN until after the close of the financial year –
>     and audits take time – and yes – I am also not all that pleased
>     that the “friendly” audit report is not out yet – but asking for a
>     report in Q1 that is required to contain financials is entirely
>     unrealistic.
>
>     Here is the thing – while the board of directors has the power to
>     approve the financials, and then bring them to the floor for
>     adoption by the members – until such time as they are approved and
>     I would say adopted – they cannot realistically be included in the
>     “friendly” annual report – because the financials actually **ARE**
>     the annual report – the friendly version is what is added to that.
>
>     So – either an annual report goes out with financials the
>     community has not adopted – and by the way – annual reports are
>     meant to be filed and once released are very difficult to withdraw
>     and change – or – the community still gets to adopt the financials
>     before they get put into formal publication – one way – you can
>     have an early annual report – the other way – you can adopt the
>     financials – but it can’t be both – that’s not the way it works.
>
>
> Andrew,
>
> Alright then and I get what you are saying, but the concern is still 
> the 6 months delay its taken and is only expected in July 2017.
>
> IMHO, the FS is a summary of the activity of AFRINIC in a given year 
> financially. As such, it would make sense for the report that explains 
> the details of the FS pending adoption by community and a report on 
> AFRINIC activities to be made available at the same time as the FS.
> AFRINIC should combine both if need be and publish them as earlier as 
> April and before AGMM.

It is not the fault of the Staff, I did not send the Chairman's 
statement on time. There is indeed a process for making the report. I 
have asked that the process be changed, to give all contributors a 
heads-up earlier.

We will work towards publising before the AGMM next year.

>     By the way – I have a serious and pressing concern that I will be
>     raising on the members list about the adoption of the financials –
>     because I only realized this AFTER the Nairobi meeting – under
>     section 7.6.(i) the community has the power to adopt the
>     financials – and unless I am mistaken – this was not done – so I
>     would like to ask the board of directors when this community will
>     get to adopt said financials.
>
>
> As far as I remember,  you were seated with fellow board members 
> during the discussion on the FS and if memory serves the Chair called 
> for the adoption of the FS after the community discussing it and no 
> one in the room objected. I could also be wrong unless I check the 
> video archives on youtube :-).

I did not formally call for a vote to approve the report, but I indeed 
asked for anyone who still had comments or objections on the report.

Those present will recall that we decided to discuss all the reports 
together, but by the time we got to discussing the reports, we needed to 
go on break and come back for the elections. Everyone wanted us to move on.

The Legal counsel has advised me that since there was no objection, this 
can be fixed without an SGMM.


>
>     And while on the subject of transparency, I would also ask, that
>     the board disclosure **ALL** the audit reports – inclusive of the
>     management letters which form part of the auditor’s report – as
>     per section 7.6.(ii) which expressly says that the registered and
>     resource members have the right to receive **ANY** auditor’s report.
>
> The board is reading....

Yes. reading loud and clear.

The Auditor's Report is already published along with the Financial 
Statements. The Board believes that the Management letter is a 
confidential document.

>
> Noah
>
>
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Sunday.

-- 
--------------------------------------------------
Sunday Adekunle Folayan
Managing Director
General data Engineering Services (SKANNET)
16 Oshin Road, Kongi Bodija, Ibadan - Nigeria
Phone: +234 802 291 2202, +234 816 866 7523
Email: sfolayan at skannet.com.ng, sfolayan at gmail.com
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