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Allow room for Foundation board self-selection 

... while heavily favoring formal board experience.

A board stacked with researchers isn't representative and is unlikely to
have the leverage it needs.
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Matt Luongo 2019-10-12 06:48:52 -04:00 committed by Daira Hopwood
parent 9ceeeddaea
commit 39606562f9
1 changed files with 8 additions and 3 deletions
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@ -240,7 +240,6 @@ with the existing Zcash clients.
While dev fee recipients are not required to work exclusively on Zcash, they
must guarantee they aren't obliged to the interests of competing projects.
The role of the principal developer
-----------------------------------
@ -265,14 +264,20 @@ 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
current structure in the current bylaws, the board will consist of
* 3 seats voted on by the ZEC holders
* 1 seat voted on by the ZEC holders
* 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 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
* 2 seats elected by the board, as the entire board is currently selected
Each board member shall be paid reasonably by the Foundation.
The Foundation requires a professional board. Board member selection should
heavily favor candidates with existing formal public or private sector board
experience. Each board member shall be paid reasonably by the Foundation.
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.