KERI Foundation

FAQ Category: 8. Board composition

  • Why do you need an executive team of managers?

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    The executive team works on operational matters within the envisioned foundation framework. All the roles that are needed are included (anyone can add them if something is missing). Those roles will soon be assigned to functions/persons depending on the phase/scale of the foundation. Members versus Managers We think an essential function of the foundation should…

  • What is the use of a pro-bono advisory board?

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    To align ideas and input ideas. One individual, the leader of that advisory board, has decision-making power. For those who strongly advise against the concept of an advisory board We would reverse the question:What if the KERI plan and your concept are incompatible with Sam’s wish? How important is it to you to operate as…

  • What is the decision-making power of the advisory board?

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    The board selects the voting chair from the advisory board on the main board.

  • Why not create a broad board of directors who sufficiently represent the interests of donors?

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    Our version of the foundation won’t give way to politicians and talkers, and no one will be able to buy influence. It’ll be a “proof of work” organization, not a proof of stake powerhouse. The interests of donors are represented in other ways: In this stage, we can’t allow roles representing narrower interests to outnumber…

  • How can I see this differently than a ‘Sam Foundation’?

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    The foundation is co-founded by and tailored to its BDFL, Samuel Smith. We do this not because we’re his fans but because we understand that foundations that are disconnected from their original visionaries and gatekeepers in the past were less successful than the ones that managed to keep them happy and on board. Ideally, a…

  • Shouldn’t it be a broad board instead of a management team?

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    I believe the structure is too narrow. We need more Board members. One of our design principles is that we run it like a company, but it IS a board in a legal sense. It is only reasonable, safe, and logical to first finish things in a small technical team and only then start diversifying.…

  • Doesn’t your board look like a management team too much?

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    I wonder whether a 3-person board of directors is so functional and effective.The foundation design is a cathedral (from The Cathedral and The Bazaar, by Eric S. Raymond) with just three people on the board. Yes, it is a team of managers (because we’ve reserved the term members for the steering L3C). However, the cathedral…