Fergie's Tech Blog

UK: Nominet Loses All Three Restructuring Votes

Proposed changes to Nominet's Memorandum of Association and Articles of Association were designed to give the company greater freedom in the internet market. A third resolution would have altered the weighted voting system to give smaller members a greater say by capping any one member's influence.

All three resolutions put forward to members fell when two of Nominet's three largest members unexpectedly voted against them. No resolution reached even a simple majority thanks to a weighted vote system that gives disproportionate power to companies that have registered the largest number of .uk domains.

Nominet chairman Bob Gilbert told The Register he still doesn't know why both Pipex and Fasthosts voted against the moves. Neither company has been available for comment.

posted by Fergie @ 3/16/2006 09:37:00 AM