mirror of https://github.com/zcash/zips.git
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
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@ -342,9 +342,10 @@ To manage the dev fee and fulfill its community and diligence duties, the
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Foundation shall maintain a board of 5 independent members. Rather than the
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structure in the current bylaws, the board will consist of
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* 1 seat voted on by ZEC holders directly.
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* 1 seat voted on periodically by ZEC holders directly.
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* 1 seat representing a newly created research advisory board, whose primary
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role will be technical diligence of potential recipients of the dev fee.
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* 1 seat for a member of the investment community.
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* 1 seat for the "principal developer", a privileged recipient of the Zcash
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dev fee acting as "first among equals" amongst a variety of dev fee recipients
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building on Zcash.
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@ -356,11 +357,18 @@ The Foundation requires a professional board. Board member selection should
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heavily favor candidates with existing formal public or private sector board
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experience.
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Board seats should rotate periodically, while maintaining long enough terms and
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overlap for consistent governance.
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Each board member should bring a unique network and set of skills to bear to
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increase the impact of the Foundation.
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Outside the seat for the principal developer, no board members shall have an
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ongoing commercial interest in any recipients of the dev fee.
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No board members shall have an ongoing commercial interest in any recipients of
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the dev fee.
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Considering their expertise, the Foundation shall deliver a transition plan,
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including a board election schedule and report on the feasibility of a future
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coin vote process to determine a board seat.
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The ECC as the principal developer
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