Details of the Escrow Agreement

[diarmuid]

Hi

The auditors are in a the moment. I've shown them our membership of the User Group. But now they have asked for details of the Escrow agreement between the User Group and OpenGI.

Anyone got an idea of where I could find this?

Thanks

Diarmuid Quirke

[Mark Sollis]

Hi Diarmuid

 

The Escrow is owned by Open GI - the User Group have exclusive access / beneficiaries should an event occur. If you need a copy of the current document, you will probably need to go via your Account Manager. Meanwhile, I'll ask the User Group Committee to raise with OGI at the next meeting to confirm correct approach and contact points if Members require open access to the document - it shouldn't be a secret

 

[Clare Carter]

On 10/12/2019 at 10:17, Mark Sollis said:

Hi Diarmuid

 

The Escrow is owned by Open GI - the User Group have exclusive access / beneficiaries should an event occur. If you need a copy of the current document, you will probably need to go via your Account Manager. Meanwhile, I'll ask the User Group Committee to raise with OGI at the next meeting to confirm correct approach and contact points if Members require open access to the document - it shouldn't be a secret

 

Is there any further feedback on this please. I am trying to obtain further details of the Escrow Agreement for my director and have sent a request to the User Group via the website over a month ago but not had any response.

Thanks

Clare

[Mark Sollis]

Hi Clare

 

Sorry if your original message went unanswered - I'll try and track down what happened to that!

 

Meanwhile FYI - OGI confirmed that they had responded to Diarmuid and provided detail on the Escrow and how it would be activated. As the Escrow document is held by OGI until such an event occurs, then anyone requiring further info should enquire via their Account Manager in the same way. 

 

I am aware that the User Group will be publishing some headline info for reference only - but ultimately the source will be Open GI for the full and best answers on this

 

Hope this helps

[diarmuid]

Hi Clare

To follow up on this. I only got an overview from OpenI. I was informed that the full details are confidential, as the agreement is between the user group and OpenI. 
That sufficed for the auditors this time. But I will likely get asked the same question again, and I don’t have the detail. 
 

Regards 

[Mark Sollis]

Well that seems strange!!!

 

whats the point of having an agreement between parties if those parties are not entitled to know what the agreement is 

 

I’ll make sure we clarify at the April meeting. 

 

Meanwhile, it would be good to know “what” information will be acceptable to the auditors. They are the ones asking the questions - so what are the questions they want answered? Then we can put those to OGI for their response. 
 

#lefthandrighthand

[Clare Carter]

16 hours ago, Mark Sollis said:

Hi Clare

 

Sorry if your original message went unanswered - I'll try and track down what happened to that!

 

Meanwhile FYI - OGI confirmed that they had responded to Diarmuid and provided detail on the Escrow and how it would be activated. As the Escrow document is held by OGI until such an event occurs, then anyone requiring further info should enquire via their Account Manager in the same way. 

 

I am aware that the User Group will be publishing some headline info for reference only - but ultimately the source will be Open GI for the full and best answers on this

 

Hope this helps

Thank you Mark & Diarmuid, I will contact our Open GI Account Manager and see what response I get..

 

Clare