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Stacks Foundation Bylaws - request for review & feedback #63
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Here are my notes reviewing the corporate bylaws. Overall, they look like fairly standard corporate bylaws. Article V Meetings of the Board Article VIII Officers Article IX President Article X Chairman of the Board What's Missing?
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Here are my comments:
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Update:
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Closing out as bylaws are in place - if there is anything new to add, please create a new issue! |
I wanted to make sure to close out this issue with the finalize Bylaws. You can view them here: |
I want to share the Stacks Foundation Bylaws draft with the community before they are established with the Board on June 24th, 2020. Please review the attached bylaws by June 22nd and provide feedback or questions as a comment on this issue.
DRAFT bylaws are viewable here:
Stacks Open Internet Foundation - Bylaws_DRAFT.pdf
Here are a few questions that may be useful:
What are Bylaws?
Nonprofit bylaws are a nonprofit's operating manual. Nonprofit bylaws (or Bylaws and Articles of Organization) are the main governing document for a nonprofit organization. The board creates bylaws when the organization is established.
Bylaws are the governance for the nonprofit organization. Bylaws do not include information on the mission, values or pursuit of the nonprofit goals.
What if we want to change Bylaws in the future?
The Bylaws outline the way amendments are made to change the Bylaws.
Who are the "members" outlined in the Bylaws?
Initially the members include all of the board members. Additional members can be added over time. This opportunity has not been decided yet, so will be part of the initial bylaws but the recruiting and scope of members can be determined at a later date.
Are there other nonprofits that use similar Bylaws?
Yes, these are standard US nonprofit bylaws used by many nonprofit organizations. For example, you can review Zcash Foundation's Bylaws and their Amendments using these links:
Bylaws, Amendment 1, and Amendment 2.
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