Ul Solutions Inc. · NYSE:ULS
Ul Solutions — UL — Investor Presentation (January 2003)
18 slides from Ul Solutions's investor presentation, Jan 29, 2003
Slide 1: UL's New STP Process
UL’s New STP Process Presented at January 29, 2003 UL 2034 STP Meeting
Slide 2: What is the STP Process?
What is the STP Process? ¾ A method of developing and maintaining UL/ANSI Standards where each proposed revision goes through the consensus process before it is adopted & published
Slide 3: What is an STP?
What is an STP? ¾ Standards Technical Panel ¾ STPs will have a balance of interests and will serve as the consensus body that votes on proposals before they are published ¾ The three interest categories are Producer, User, and General Interest
Slide 4: Who is on an STP?
Who is on an STP? ¾ Producers – Primarily manufacturers. This category does not include trade associations, manufacturers’ associations, or producers of components of products covered by this standard or producers of end products of products covered by a component standard.
Slide 5: Who is on an STP?
Who is on an STP? ¾ Users - This category typically includes consumers, authorities having jurisdiction, regulatory agencies, distributors, retailers, safety associations, certification organizations, and producers of components of products covered by this standard or producers of end products of pr
Slide 6: Who is on an STP?
Who is on an STP? ¾ General Interests - This category typically includes trade associations, professional and lay people employed by academic and scientific institutions, experts, government agencies is a non-regulatory capacity, insurance companies, utilities, etc.
Slide 7: What is Balance?
What is Balance? ¾ UL strives for each of the 3 interest groups to have equal representation, but in no case can a single interest category represent more than 50% of the membership
Slide 8: What if balance can't be achieved?
What if balance can’t be achieved? ¾ UL expects that producers will be very willing to participate on STPs ¾ Recruiting Users and General Interests to participate could be a challenge ¾ If difficulty is encountered, UL will ask producers for help in identifying users
Slide 9: What are the steps in the STP Process?
What are the steps in the STP Process? ¾ UL (or others) submit proposals ¾ Hold STP meeting (optional) ¾ Send proposal to STP for comment/balloting ¾ Send out for public and subscriber review ¾ Review and respond to comments ¾ Recirculate continuing negative ballots and response to the full consensu
Slide 10: What are the steps in the STP Process? (cont.)
What are the steps in the STP Process? (cont.) ¾ If consensus is achieved, notify objectors of their right to appeal. Conduct appeal hearing if necessary ¾ If consensus not achieved, either revise proposal and start over or withdraw the proposal ¾ If consensus is achieved, publish as an ANSI standar
Slide 11: What is Consensus?
What is Consensus? ¾ There are two tests for consensus that must be met: ~ approval by 2/3 of those voting, minus abstentions and ~ approval by a majority of the consensus body ¾ Example: Consensus 100 members on STP - 75 return ballots 60 affirmative, 10 negative, 5 abstentions
Slide 12: What is Consensus? (cont.)
What is Consensus? (cont.) ¾ Example - No consensus 100 members on STP - 75 return ballots 50 affirmative, 10 negative, 15 abstentions
Slide 13: What about STP Meetings?
What about STP Meetings? ¾ Meetings are open ¾ Meetings are for discussion and consensus building - no formal balloting will be conducted at meetings with the exception of narrowing down multiple proposals for final vote ¾ Generally the Chair is responsible for calling for a meeting but STP members
Slide 14: Attendance at Meetings
Attendance at Meetings ¾ It is recognized that not all STP members can attend all meetings due to other commitments or due to resource limitations. ¾ Therefore attendance at meetings is not a requirement for membership. All balloting will be by correspondence.
Slide 15: Meeting Reports
Meeting Reports ¾ Goal is to issue official meeting report to STP members, observers, & subscribers within 30 days of meeting ¾ Meeting reports will not be issued as drafts to the STP & do not need approval of STP ¾ Depending on circumstances, reports may include proposals discussed at meeting
Slide 16: Expectations of STP Members
Expectations of STP Members ¾ Return ballots in a timely manner ¾ Restrict ballot comments to the requirement being proposed ¾ Do not base vote on certification issues ¾ Help develop proposals to the standard ¾ Provide input for comment resolution (when needed)
Slide 17: Future Initiatives
Future Initiatives ¾ Revision Cycles ¾ Collaborative Standards Development System ~ Electronic balloting ~ On-Line Authoring ~ Posting Documents and Comments ~ Virtual Meetings ¾ Streamlined Standards Process
Slide 18: Thank you
Thank you