From 08e5ee6d5b250546156db1a0e92e3a3af8b8fa78 Mon Sep 17 00:00:00 2001 From: Matt Luongo Date: Fri, 15 Nov 2019 00:27:10 -0500 Subject: [PATCH] Replace the principal developer board seat Removing the seat simplifies Foundation governance, and appears to be a popular move. More discussion can be found on the forum https://forum.zcashcommunity.com/t/dev-fund-proposal-dev-fund-to-ecc-zfnd-major-grants/35364/17?u=mhluongo --- zip-XXXX.rst | 14 +++++++++++--- 1 file changed, 11 insertions(+), 3 deletions(-) diff --git a/zip-XXXX.rst b/zip-XXXX.rst index 38562017..80300ee8 100644 --- a/zip-XXXX.rst +++ b/zip-XXXX.rst @@ -342,9 +342,10 @@ To manage the dev fee and fulfill its community and diligence duties, the Foundation shall maintain a board of 5 independent members. Rather than the structure in the current bylaws, the board will consist of -* 1 seat voted on by ZEC holders directly. +* 1 seat voted on periodically by ZEC holders directly. * 1 seat representing a newly created research advisory board, whose primary role will be technical diligence of potential recipients of the dev fee. +* 1 seat for a member of the investment community. * 1 seat for the "principal developer", a privileged recipient of the Zcash dev fee acting as "first among equals" amongst a variety of dev fee recipients building on Zcash. @@ -356,11 +357,18 @@ The Foundation requires a professional board. Board member selection should heavily favor candidates with existing formal public or private sector board experience. +Board seats should rotate periodically, while maintaining long enough terms and +overlap for consistent governance. + Each board member should bring a unique network and set of skills to bear to increase the impact of the Foundation. -Outside the seat for the principal developer, no board members shall have an -ongoing commercial interest in any recipients of the dev fee. +No board members shall have an ongoing commercial interest in any recipients of +the dev fee. + +Considering their expertise, the Foundation shall deliver a transition plan, +including a board election schedule and report on the feasibility of a future +coin vote process to determine a board seat. The ECC as the principal developer ----------------------------------