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FILE NAME Cape Asbestos CAPE DATE 1974 May 6 DOC CAPE159 DOCUMENT DESCRIPTION Letter to Ronald Dent stating no one from Cape should be an officer of NAAC to avoid liability in US Legal - Tibbs Case Exhibit 57 \ " CTRONIALY 910 FI-LED 2023 May 6 1974 Oct 18 12:13 Ir Ronald H. Dent The Cape Asbestos Company Limited 114 Park Street London W 1 England Dear Ronnle Thank you for your letter of May 2. am in full agreement that Gerry Morgan should be elected President of NAAC If you would like me to say anything to him about the qualification with respect to any other ventures of Cape in the United States I will be glad do so am sure if Cape acquired a manufacturing organization on the east coast or anywhere else away from Chicago it may be preferable to use a vehicle other than NAAC - perhaps even an shore company - for the operation I hope that your retirement from the board in favor of Geoffrey Higham will not decrease your visits to Chicago We would be disappointed if it did I would be pleased to accept the position of Chairman of the Board as an officer of the company if you are sure that is what Cape wants do Not being directly involved in operations it may be just as well if I held an officer's title nominally such as Vice President - Just so someone is available to execute documents if Gerry is not available In such case Dick Gaze or Geoffrey Higham could hold the title of Chairman This may be desirable from Cape's point of view and would make possible an officer of Cape to serve as chairman of shareholders and directors meetings when present thlok it would be better that no one from Cape be an officer of NAAC since we want it to be as independent as possible in order to avold any contention that it is the alter ego of Cape and that Cape is doing business in the United States Gerry will be pleased to become President am sure and whatever you think best for Cape should govern your decision with respect to Chairman of the Boar 0275AS JUN 015 Se Fb ene f CAPE000166 CAPE000166 ir Ronald H. Deat -2- 5/6/74 [ you decide that I should be Chairman as an officer of the company I visualize that he relative law provisions would be amended to read as per the enclosed draft Kind regards Sincerely MEM v Ct Mr. Geoffrey Higham Dr. Richard Gaze 0276AS JUN 015 CAPED00167