Re: Shaping the Future of ICP-2: Community Input Extended to December 2024

[Noah <noah () neo co tz>]

On Wed, 20 Nov 2024, 20:25 Owen DeLong, <owen () delong com> wrote:

> A business has private or public shareholders or stockholders who once all
> taxes have been deducted on the legal entity's annual revenue or bottomline
> .. the stockholders then enjoys dividends through board resolutions.
>
>
> The Red Cross is a business. Kaiser permanents is a business. Neither fits
> your description above.
>
> You have described one structure of a corporation, but the definition of a
> business is much broader.

The corporation of resource members are not a business that is why they are
structured as not-for-profit organisations.

In the case of RIR such as a legal entity AFRINIC, we resource members
through our bylaws appoint directors as* guarantors so as to comply with
the Mauritius Companies Act and meet statutoty liabilities and that's just
about it. We dont take profits.*



> Can you share any such proof or fillings that any of the RIR have
> shareholders and those shareholders distribute dividends or payouts
> annually to the RIR stockholders?
>
>
> No, instead, I have pointed out the error in your definition of a
> business. Perhaps you should think on this a bit more before posting
> nonsense.

There is no error in my defination. The confusion is with your language
English which we can agree to disagree.

In my language Swahili, the word "business" translates to "Biashara".

https://sw.m.wikipedia.org/wiki/Biashara

AFRINIC sio Biashara. RIR sio Biashara ya mtu au watu binafsi.

Noah

>