Beam community,
With reference to MIP-31 (preceding this governance forum), the Bylaws, Memorandum of Association and Articles of the Beam Foundation have now been filed and registered with the company register. Copies of both documents have been published to Github, see here:
These documents mandate certain checks and balances on the Beam Foundation group (“Foundation Group”) for the purpose of holding the Foundation Group accountable, as follows:
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Onchain: If applicable, by use of certain programmatic, smart contract-based features, BEAM holders can give onchain feedback to, and provide onchain vetoes against, certain decisions by a Foundation Group company.
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Offchain: By (i) limiting the scope of operation of the Foundation Group (i.e., the Foundation Group can only operate within the parameters set out in these documents), (ii) having a co-approval right in relation to, and vetoing against, certain decisions by a Foundation Group company, or (iii) enabling BEAM holders to seek enforcement actions against a Foundation Group company or certain personnel via an ‘Emergency Supervisor’ in case of an “Adverse Event” (as defined in the documents).
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Transparency: By requiring the Beam Foundation to publish and keep publicly available these governing documents, certain reports (including treasury reports) and information as referred to in the documents. The governing documents will remain publicly available (and up-to-date) at all times to enable the Beam community to continue to exert checks and balances on the Foundation Group.
If anyone has any comments or questions relating to the documents, feel free to drop a message in this thread.