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