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