Governance
Association is a non-profit organization operating under Article 6 of Swiss Civil Codex
As a Swiss-based non-profit, we are protected from EU and US regulations and restrictions applying to Bitcoin and related industries.
The Association is governed by three parties:
- 1.Board of Directors
- 2.Chair of the Board
- 3.Chief Engineer
The Board of Directors is the supreme governing body of the Association. It is formed by the members of the Association (see Membership). The directors:
- 1.Appoint the Chair for 2 years with 2/3 of the votes. The same Chair can be re-appointed multiple times.
- 2.Remove the Chair with a vote of no confidence (which can be held once a year) with 75% of votes
- 3.Approve the annual report by the Chief Engineer with a simple majority
- 4.Propose additional research topics with 25% of the votes.
- 5.Appoint a new Chief Engineer (upon resignation or death of the previous one) with 75% votes
The chair of the Board represents the Board for the daily Association matters.
- 1.Publically represents the Association.
- 2.Participates in Association fundraising campaigns.
- 3.Approves the annual budget proposed by the Chief Engineer.
- 4.Has the casting vote in case of 50/50% split in the Board voting.
Chief Engineer is the executive head of the Association, leading all Association research & development efforts. Once elected, Chief Engineer holds the office until resignation or death.
- 1.Publically represents the Association.
- 2.Organizes Association fundraising campaigns.
- 3.Prepares proposal on the annual budget.
- 4.Defines annual research & development plans; presents an annual report on its execution to the Board.
- 5.Responsible for the execution of the annual budget and R&D plans.execution
- 6.Manages Association operations in a day-to-day manner.
- 7.Appoints or removes other executives and employees.
Additionally, the Chief Engineer has the following privileges:
- 1.Can veto the Chair of the Board proposed by the Board (once per election).
- 2.Upon resignation or as a part of the Will can veto specific persons from being elected as the next Chief Engineer
Last modified 1d ago