The Council plays a supporting and coordinating role for work contributed by the GUARD DAO ecosystem’s decentralized community of users, which we refer to as “the community”. However, it is the Community’s responsibility to develop the GUARD DAO ecosystem and make proposals to guide the long-term strategy of the Foundation and the GUARD DAO.
COMPOSITION
7 persons (“Council Members”) appointed by a plurality vote of GUARD Tokenholders, pursuant to and evidenced by the Guard Foundation Proposal (“GFP”) Process, and in the first instance, appointed by the directions of the Foundation.
TERM LIMITS
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Inaugural Council will serve for an initial six (6) month term. Subsequently, the Council will be chosen annually by a vote of GUARD token holders, pursuant to and evidenced by the GFP process. All subsequent Councils will serve for a twelve (12) month term.
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A Council member may be removed and replaced prior to the term pursuant to a 2/3rds majority vote of GUARD tokenholders.
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Any holder with of a minimum of 1,000 GUARD may nominate a candidate to serve on the Council for future votes.
AUTHORITY & RESPONSIBILITIES
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Fund transitions by the Foundation from the Treasury, including employment contracts, grants to support Community development, and employment contracts must be approved by the council through a multi-sig wallet.
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Sign transactions from the Council Multisig, once implemented, to ensure that an approved GFP receives sufficient signatures (even if the Council member had voted “no” with respect to that GFP).
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Attend weekly meetings, vote on GFPs, and attend unofficial Community events hosted by the Foundation and ecosystem members. Council Members may choose the frequency with which they perform these activities at their own discretion, bearing in mind that if they fail to adequately represent the Community due to infrequency of participation, they may be removed as a Council Member by other Members.
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Pursuant to GFPs, perform adjustments to economic parameters with respect to GUARD; provided that, in the instance of an Emergency Meeting as described below, the Council may perform adjustments to economic parameters with respect to GUARD pursuant to a majority vote of Council Members.
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Coordinate Emergency Meetings on behalf of the Community, GUARD Tokenholders, or the Foundation, pursuant to a majority vote of Council Members.
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Enables Council to rapidly respond to any imminent security threats to the GUARD ecosystem
TL;DR: The council’s responsibility is to represent and support the community while acting as a liaison between the community members and the supervising team. Learn more in the Guard FDN DAO handbook