diff --git a/docs/source/corda-network/governance-structure.md b/docs/source/corda-network/governance-structure.md index a535e3af3b..7405b42406 100644 --- a/docs/source/corda-network/governance-structure.md +++ b/docs/source/corda-network/governance-structure.md @@ -1,13 +1,14 @@ Governance Structure ==================== -We at R3 believe it is critically important that we should not control Corda Network going forwards, and that it should +It is critically important that a commercial entity should not control Corda Network going forwards, and that it should be governed transparently, with a fair and representative structure that can deliver a stable operating environment for its members in the long term. -We have decided to set up a Corda Network Foundation, using a not-for-profit legal entity type known as a Stichting, -residing in the Netherlands. This is a legal entity suited for governance activities, able to act commercially, with -limited liability but no shareholders, capital or dividends. It is defined in a set of Articles of Association and By-laws. +A separate entity called Corda Network Foundation will be set up, using a not-for-profit legal entity type known as a +Stichting, residing in the Netherlands. This type is suited for governance activities, able to act commercially, with +limited liability but no shareholders, capital or dividends. Its constitution is defined in a set of Articles of +Association and By-laws. A Foundation will enable Network members to be involved with, and also understand, how decisions are made (including around issues of identity and permission), building trust and engagement from a wide range of stakeholders. We believe