RE: @ura-soul: Analysis of Organisational Structure Proposals for a Steem Foundation

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RE: @ura-soul: Analysis of Organisational Structure Proposals for a Steem Foundation

bluefinstudios in #foundationproposal • 7 years ago

Understandable, and maybe here is where my participation in actually setting up foundations comes in to play. During the process of actual corporate bylaws, as every foundation must do to formally incorporate, we always write in clauses and the mechanism.

Essentially, in by-laws, the trigger usually is one of two ways to remove bad actors:

A petition from membership at large can request a vote for removal of board members, or:

A majority of board members can vote to remove another board member, or executive committee member.

As you mention, the devil is in the details
I assume in my head, that when setting bylaws, certain standard clauses will be added to corporate bylaws.

I will endeavor to be more specific, with such legal basics next time. my apologies, for not saying so.

And thanks for being patient, and commenting!

7 years ago in #foundationproposal by bluefinstudios

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ura-soul 7 years ago

Hi, thanks for responding.
My position on this is that basically, I don't trust the prevailing corporate mechanisms on this planet to deliver integrity - I have seen too many examples of them failing. So that's why I am interested in getting into the details so as to attempt to make something better. For me, the idea of 'asking for a vote' is not one that I see as effective... It seems like the same kind of situation we have with national governments where people 'beg and plead' to be listened to.. Even after 4 months of rioting in France, the 'people's government' TM are still sending in shock troops against the huge numbers of people involved, instead of engaging as mature adults.

To clarify: "A petition from membership at large can request a vote for removal of board members" - Does this mean that people who have paid to join the foundation can ask the board members to hold a vote to find out if the board are going to be sacked?

The design for the foundation is totally open and many people think totally differently to each other - so it is definitely helpful to spell out as much as possible. Cheers!

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bluefinstudios 7 years ago (edited)

And to clarify, the Petition of members, calls for a vote of Membership to remove A Board Member. The board is not involved in the petition, nor the vote. That would indeed be like asking the foxes to police the henhouse.

No, the people can call for a vote by all members, and remove board member, without approval of Board itself.

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bluefinstudios 7 years ago

Ahhh, well, to each his own.

That's the big difference between a Corporation, and a Non-Profit Foundation. the corporate structure of non-profits are much more member driven than For Profit Corporations. It's why I chose to work with them, over corporate.

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