Re: Regulation?
I think you're spot. Articles 28 and 29 of the company could probably be legally challenged: giving executives power over the board is definitely non in members interests: the board is supposed to supervise the executives "for the benefit of the Members as a whole…" Article 1A.
There are no specific provisions about being a non-profit, but seeing as this is usually allied with special tax treatment, this is probably deliberately so. However, the purpose of the company seems to act in the interests of the members as long as they don't clash with those of the public. A bit nebulous but difficult to square higher prices without a benefit to members.
Biting the hand that feeds IT
