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Clarify the board's discretion around elections

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Matt Luongo 2019-10-15 20:00:35 -04:00 committed by Daira Hopwood
parent c559e51df9
commit 885f99b30a
1 changed files with 6 additions and 4 deletions
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@ -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 Foundation shall maintain a board of 5 independent members. Rather than the
structure in the current bylaws, the board will consist of 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 * 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 * 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 dev fee acting as "first among equals" amongst a variety of dev fee recipients
building on Zcash building on Zcash.
* 2 seats elected by the board, as the entire board is currently selected * 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 The Foundation requires a professional board. Board member selection should
heavily favor candidates with existing formal public or private sector board heavily favor candidates with existing formal public or private sector board