<html> <head> <meta http-equiv="Content-Type" content="text/html; charset=gb2312"> <style type="text/css" style="display:none;"> P {margin-top:0;margin-bottom:0;} </style> </head> <body dir="ltr"> <div class="elementToProof" style="font-family: Aptos, Aptos_EmbeddedFont, Aptos_MSFontService, Calibri, Helvetica, sans-serif; font-size: 11pt; color: rgb(0, 0, 0);"> Hey, no hard feelings. I tell the baristas at Starbucks that my name is John since it is easier to pronounce everywhere �� </div> <div class="elementToProof" style="font-family: Aptos, Aptos_EmbeddedFont, Aptos_MSFontService, Calibri, Helvetica, sans-serif; font-size: 11pt; color: rgb(0, 0, 0);"> </div> <div id="Signature"> <div id="divtagdefaultwrapper" style="font-size: 12pt; font-family: Calibri, Arial, Helvetica, sans-serif; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255);"> <div> </div> <div> </div> <div>Kaj </div> </div> </div> <div id="appendonsend"></div> <hr style="display:inline-block;width:98%" tabindex="-1"> <div id="divRplyFwdMsg" dir="ltr">From: members-discuss <members-discuss-bounces@ripe.net> on behalf of sdy@a-n-t.ru <sdy@a-n-t.ru> Sent: Wednesday, October 25, 2023 14:13 To: sdy@a-n-t.ru <sdy@a-n-t.ru> Cc: members-discuss@ripe.net <members-discuss@ripe.net> Subject: Re: [members-discuss] [ncc-announce] [news] 168th RIPE NCC Executive Board Meeting - Summary Notes <div> </div> </div> <div class="BodyFragment"> <div class="PlainText">Sorry! My mistake in the previous message. Of course Kaj, not Kaz. > Hi Simon-Jan and ALL. > > My 5 cents. > All what Kaz wrote, I was talking at the last meeting. > > Investing money now is like buring money in a field of miracles in the > land of fools (please read russian Buratino, Pinocchio's fairy tale). > > The best thing to do now is to pay tax in the Netherlands and withdraw > money to accounts in yuan and rubles. > > This will be a loss for us, but not as big as it will happen if we leave > the accumulated funds in Euros in the EU. > >> Hello Kaj, >> >> Regarding your comment on ��bigger investment portfolios yield better >> returns��, you are indeed correct. Oversight on my part reviewing the >> executive board minutes. >> >> As presented in the EB meeting: >> >> Larger investment portfolios can increase opportunities for a better >> return and a reduction of risk based on: >> >> Lower cost level >> Larger investment portfolios benefit from cost advantages as it reduces >> the impact of fixed costs and opens the opportunities for lower fund >> fees, improving overall net returns >> >> Increased possibilities for diversification >> Reduction of portfolio risk by increased diversification opportunities >> using multiple investment funds with different sources of risk, lowering >> the overall risk level of the investment portfolio >> >> Overall bigger investment portfolios do not directly increase the yield, >> however with a larger portfolio, more possibilities are available, which >> in turn could have a positive impact on the return. >> >> Thanks and kind regards, >> >> Simon Jan Haytink >> RIPE NCC CFO >> >> >> On 24/10/2023 09:47, Kaj Niemi wrote: >>> Hi, >>> >>> >>> Thanks for a comprehensive report as always. They are interesting to >>> read. >>> >>> Do you think it would be useful to share the PESTEL analysis (slides >>> and/or report, I assume) with the membership? At least I am curious >>> about the factors NCC itself thinks affect it. >>> >>> Regarding "bigger investment portfolios yield better returns" - I do >>> not >>> think that is how it works.. perhaps something else was originally >>> intended to be written? In terms of return, higher expected returns >>> should equal willingness to accept higher volatility (risk) in relative >>> terms. The portfolio size itself only amplifies the return, whether >>> positive or negative. >>> >>> >>> >>> Kaj >>> >>> ------------------------------------------------------------------------ >>> *From:* ncc-announce <ncc-announce-bounces@ripe.net> on behalf of Hans >>> Petter Holen <hph+announce@ripe.net> >>> *Sent:* Monday, October 23, 2023 11:42 >>> *To:* ncc-announce@ripe.net <ncc-announce@ripe.net> >>> *Subject:* [ncc-announce] [news] 168th RIPE NCC Executive Board Meeting >>> - Summary Notes >>> Dear RIPE NCC members, >>> >>> The RIPE NCC Executive Board held its 168th Meeting on 6 October 2023. >>> The minutes are now available. >>> >>> Minutes of the 168th Meeting: >>> <a href="https://www.ripe.net/about-us/executive-board/minutes/2023/minutes-168th-executive-board-meeting"> https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.ripe.net%2Fabout-us%2Fexecutive-board%2Fminutes%2F2023%2Fminutes-168th-executive-board-meeting&data=05%7C01%7C%7C13f813d97cf043cf2cbf08dbd54b83d7%7Cd0b71c570f9b4acc923b81d0b26b55b3%7C0%7C0%7C638338292545362963%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C7000%7C%7C%7C&sdata=xRS7PaYuTELOxXfwJAJt6J1qPjXIfjlgyQLITlNqdVA%3D&reserved=0</a> >>> <<a href="https://www.ripe.net/about-us/executive-board/minutes/2023/minutes-168th-executive-board-meeting">https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.ripe.net%2Fabout-us%2Fexecutive-board%2Fminutes%2F2023%2Fminutes-168th-executive-board-meeting&data=05%7C01%7C%7C13f813d97cf043cf2cbf08dbd54b83d7%7Cd0b71c570f9b4acc923b81d0b26b55b3%7C0%7C0%7C638338292545362963%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C7000%7C%7C%7C&sdata=xRS7PaYuTELOxXfwJAJt6J1qPjXIfjlgyQLITlNqdVA%3D&reserved=0</a>> >>> >>> The Executive Board publishes the minutes of its meetings so that the >>> workings of the Board and the decisions it makes are transparent to the >>> membership it represents. The following is a summary of the main items >>> from the meeting. Further details are available in the minutes. >>> >>> ----------------------- >>> Main Items >>> ----------------------- >>> >>> - I presented on the status of Objectives and Key Results (OKRs) and >>> planned OKRs for 2024. I also provided insights on staff engagement and >>> presented a Risk Update. >>> >>> - I updated the Board on the developments around AFRINIC. The Board >>> were >>> pleased to hear that there has been a ruling to appoint an Official >>> Receiver and welcomed the appointment of John Crain as an expert >>> observer to support the Receiver. >>> >>> - Mirjam K��hne shared her report on developments in the RIPE community. >>> >>> - The Board discussed whether to continue providing funding support on >>> request for Working Group (WG) Chairs. It was agreed that this >>> encourages potential WG Chairs and to continue this funding for another >>> three years. >>> >>> - Fergal Cunningham presented the results of a PESTLE analysis carried >>> out with staff in July 2023. >>> >>> - Fergal presented the findings and key takeaways of the RIPE NCC >>> Survey >>> 2023 and shared the draft report with the Board. >>> >>> - Fergal also presented the Draft Activity Plan and Budget 2024 and >>> asked the Board for comments before the draft was published to members. >>> The Board reviewed the document and shared feedback. >>> >>> - Simon-Jan Haytink presented the financial report for August 2023. He >>> also shared the draft budget for 2024 and the status of the Treasury >>> project. >>> >>> - Athina Fragkouli presented proposed amendments to the Articles of >>> Association on requirements for Executive Board candidates. >>> >>> - The Board reviewed and agreed to proposed amendments to the RIPE >>> Database Terms and Conditions which include the provision of >>> geolocation >>> information as a purpose of the RIPE Database. >>> >>> - James Kennedy presented the outcome of the analysis of Membership >>> Non-Payments. >>> >>> - Fergal shared the draft agenda for the upcoming General Meeting with >>> the regular topics for the Autumn General Meeting. >>> >>> - Felipe Victolla Silveira presented on the usability of the IPv4 >>> Transfer Broker List provided by the RIPE NCC. >>> >>> - Felipe also presented a retention strategy for the data from Routing >>> Information Service (RIS) and RIPE Atlas. >>> >>> ---------------------------- >>> Resolutions Adopted >>> ---------------------------- >>> >>> - The RIPE NCC Executive Board approves the minutes of EB#167. >>> >>> - The RIPE NCC Executive Board resolves that the RIPE NCC will continue >>> to provide funds for the physical participation of working group chairs >>> at RIPE Meetings in accordance with the relevant published procedure >>> until the end of 2026. The RIPE NCC Executive Board will re-evaluate >>> this resolution for the RIPE Meetings after 2026. >>> >>> - The RIPE NCC Executive Board approves an initial investment of 10 M >>> EUR with the investment partner. >>> >>> - The RIPE NCC Executive Board approves the amendments to the ��RIPE >>> Database Terms and Conditions��. >>> >>> - The RIPE NCC Executive Board approves the amendments to the ��RIPE NCC >>> Closure of Members, Deregistration of Internet Resources and Legacy >>> Internet Resources Procedure��. >>> >>> - The RIPE NCC Executive Board approves the amendments to the ��RIPE NCC >>> Website and Publicly Available RIPE NCC Services Terms of Service��. >>> >>> - The RIPE NCC Executive Board approves the amendments to the ��RIPE NCC >>> Privacy Statement��. >>> >>> - The RIPE NCC Executive Board approves the publication of the draft >>> agenda for the RIPE NCC General Meeting in November 2023. >>> >>> - The RIPE NCC Executive Board resolves to decommission the IPv4 >>> Transfer Broker List and the IPv4 Transfer Listing service. >>> >>> Kind regards, >>> >>> Hans Petter Holen >>> Managing Director and Chief Executive Officer >>> RIPE NCC >>> >>> >>> _______________________________________________ >>> members-discuss mailing list >>> members-discuss@ripe.net >>> <a href="https://mailman.ripe.net/">https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Flists.ripe.net%2Fmailman%2Flistinfo%2Fmembers-discuss&data=05%7C01%7C%7C13f813d97cf043cf2cbf08dbd54b83d7%7Cd0b71c570f9b4acc923b81d0b26b55b3%7C0%7C0%7C638338292545519257%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C7000%7C%7C%7C&sdata=B%2BdWdhPDK6MitAMzBZ%2B4UjL6llXN0e%2FMaYTOhGZeZ1I%3D&reserved=0</a> >>> Unsubscribe: >>> <a href="https://lists.ripe.net/mailman/options/members-discuss/simonjh%40ripe.net"> https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Flists.ripe.net%2Fmailman%2Foptions%2Fmembers-discuss%2Fsimonjh%2540ripe.net&data=05%7C01%7C%7C13f813d97cf043cf2cbf08dbd54b83d7%7Cd0b71c570f9b4acc923b81d0b26b55b3%7C0%7C0%7C638338292545519257%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C7000%7C%7C%7C&sdata=xkgSuun25sZ48GYqx555qqooDk8bTdWnKT8E4uTi4xY%3D&reserved=0</a> >> >> _______________________________________________ >> members-discuss mailing list >> members-discuss@ripe.net >> <a href="https://mailman.ripe.net/">https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Flists.ripe.net%2Fmailman%2Flistinfo%2Fmembers-discuss&data=05%7C01%7C%7C13f813d97cf043cf2cbf08dbd54b83d7%7Cd0b71c570f9b4acc923b81d0b26b55b3%7C0%7C0%7C638338292545519257%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C7000%7C%7C%7C&sdata=B%2BdWdhPDK6MitAMzBZ%2B4UjL6llXN0e%2FMaYTOhGZeZ1I%3D&reserved=0</a> 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