Removed personal tone ('we'/'R3') from docs, in keeping with rest of documentation.

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James Carlyle 2018-10-31 09:17:21 +00:00 committed by jamescarlyle
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Governance Structure Governance Structure
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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 be governed transparently, with a fair and representative structure that can deliver a stable operating environment for
its members in the long term. 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, A separate entity called Corda Network Foundation will be set up, using a not-for-profit legal entity type known as a
residing in the Netherlands. This is a legal entity suited for governance activities, able to act commercially, with 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. It is defined in a set of Articles of Association and By-laws. 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 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 around issues of identity and permission), building trust and engagement from a wide range of stakeholders. We believe