diff --git a/zip-XXXX.rst b/zip-XXXX.rst index 371da2ec..1d0d0cc0 100644 --- a/zip-XXXX.rst +++ b/zip-XXXX.rst @@ -271,13 +271,15 @@ 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 the ZEC holders +* 1 seat voted on 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 + 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 + building on Zcash. +* 2 seats elected by the board, as the board is currently selected according to + the bylaws. The board's discretion here means these could be selected via a + community election, or via the remaining 3 seats' direct vote. The Foundation requires a professional board. Board member selection should heavily favor candidates with existing formal public or private sector board