1.2 KiB
1.2 KiB
TSYS Governance Work Log
Operating Agreement Plan
Document Structure
- Title Page: Securities Disclaimers
- TOC
- Definitions
- Main Articles:
- Formation/Purpose
- Series Types
- Governance
- Membership/Profit
- Financials
- Services
- Capital
- Amendments
- General
- Schedules:
- A: IT Services
- B: Transactions
- C: Capital
Key Modifications
- Add securities disclaimers
- Strengthen TBOC overrides
- Formalize series types
- Incorporate sociocracy
- Add profit interest details
- Mandate service providers
- Require electronic governance
Open Questions
- Specific securities disclaimer language?
- Additional series restrictions?
- Sociocratic governance elements?
- Sample profit interest calculations?
- Additional service requirements?
Key Requirements
- TBOC overrides
- Three series types (TDCMSP, Operating, Cell)
- Five initial perpetual series
- Sociocratic governance
- Profit interests only
- Exclusive service providers
- Electronic governance
Governance Structure
- Board oversight
- Multiple committees
- Sociocratic principles
- Centralized strategy
- Distributed decision-making
- Electronic operations