[Community] Concrete Example on somebody who would have joined NewOrg if it were there.

[Brett McDowell]

On Jul 4, 2008, at 8:24 AM, Daniel Perry wrote:

>
> On Jul 4, 2008, at 7:44 AM, Brett McDowell wrote:
>
>> Dan, don't you mean to say "IC as it stands today could not offer a  
>> liability shield"...
>
> I suppose that a radical transformation of IC could provide some  
> kind of primary liability indemnification.
>
>> because NewOrg could cover this.  Many umbrellas like NewOrg  
>> already do this for their members.
>
> I went to neworg.com - how is this an "umbrella"? It appears to  
> simply be an outsourced governance.

That's hilarious!  I didn't know there was actually a neworg.com!  It  
has nothing to do with us I can assure you.  I'm using "NewOrg"  
because of the long-standing practice used in Business Plans to refer  
to their startup as "NewCompany/NewCo." until they figure out what  
they want to call themselves.

>
>
>> Concrete example: Liberty has this coverage for its Board members  
>> by virtue of being a "member" of IEEE-ISTO.
>
> You are conflating the board with the working groups. I better  
> analogy would be a board to the Stewards Council.

I can see why you might say that, but I'm actually not.  Umbrella =  
IEEE-ISTO or IC or NewOrg, Working Group (though I prefer the term  
"project") = Liberty Alliance in this example but could be true of any  
NewOrg Project with a "leadership team" or whatever you'd like to call  
that group who is looking for such protections.  The "leadership team"  
would have this level of legal protection via the same analogous  
process and arrangement that IEEE-ISTO has with Liberty Alliance.   
Keep in mind that Liberty Alliance is not incorporated... maybe that's  
the point of confusion here.

>
>
>> So this kind of insurance is cost effective and can scale down from  
>> the umbrella org to the participating project leadership teams (in  
>> our case it starts with IEEE-ISTO's Board and filters down to cover  
>> the Liberty Alliance Management Board as well... the same is true  
>> for all 12 IEEE-ISTO programs).
>
> I'd have to know more about this before I could recommend it to the  
> Stewards Council. Is there some contact person with IEEE-ISTO you  
> can direct me to?

Let's not get ahead of ourselves.  I'm not recommending IEEE-ISTO, I'm  
just pointing to a concrete example that is analogous.  But if you  
want to know more you can go to www.ieee-isto.org.

>
>
> Dan Perry