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FIO Token Holders vote in the Foundation Board of Directors via an ongoing poll. The Foundation appoints the Steering Committee to execute its charter and approves the budget.
Steering Committee
Compensation
The Steering Committee members are compensated under a dedicated Worker Proposal and are compensated in locked FIO Tokens.
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Responsibilities
Steering Committee’s responsibilities include:
Define and publish Strategic Objectives, Focus Areas and/or specific Projects it is willing to fund.
Review, approve, and fund Worker Proposals that satisfy the Strategic Objectives and ensure every Worker Proposal has clearly define set of KPIs.
Meet at least monthly to review progress against KPIs of all funded Worker Proposals and to decide on continuation of funding.
Meet with Foundation Board at least quarterly to provide update on progress towards Strategic Objectives.
Steering Committee’s responsibilities specifically do not include:
Managing individual projects, its objectives, activities, staffing, etc., other than via setting KPIs and budgets.
Individual Steering Committee members may also be involved in specific project being funded and if they are their vote will not be considered when deciding on their Worker Proposals.
Decisions
The Steering Committee makes decision by simple majority vote.
All Steering Committee decisions are public and listed here.
Individual Steering Committee members may also be involved in specific project being funded and if they are their vote will not be considered when deciding on their Worker Proposals.
Participation
Community members interested in being an official member, may submit their candidacy to the Steering Committee for consideration and presentation to the Board. Candidates qualifications include:
Experience with managing budgets via Key Performance Indicators
Experience with blockchain and Decentralized Autonomous Organizations
Familiarity with the FIO Protocol
Worker Proposal
What it contains?
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