{"id":29868,"date":"2019-06-04T01:15:01","date_gmt":"2019-06-04T01:15:01","guid":{"rendered":"https:\/\/www2019.dash.org\/?p=29868"},"modified":"2021-09-18T11:43:34","modified_gmt":"2021-09-18T11:43:34","slug":"details-on-dash-investment","status":"publish","type":"post","link":"https:\/\/www.dash.org\/news\/details-on-dash-investment\/","title":{"rendered":"Details on Dash Investment Foundation Supervisor Role and New Timeline"},"content":{"rendered":"

We recently\u00a0announced elections<\/a>\u00a0for Supervisors of the Dash Investment Foundation and\u00a0gave some details<\/a>\u00a0about the process.<\/p>\n

The elections were scheduled to start on May 30th. We had enough confirmed candidates to cover the available positions, but many others have reached out to us with questions regarding the role. These questions delayed their decision regarding putting forth their candidacy for the Supervisor role at DIF. To thoroughly address these questions and to further clarify the role, we have decided to extend the deadline to submit candidacies to June 7th, 2019. The ultimate objective in delaying the election is to ensure the network has the best selection of qualified candidates from which to choose, and we feel that delaying the election a short time to onboard additional candidates is in the network\u2019s best interest.<\/p>\n

Certain recurring questions we have addressed in the information found below. We hope this will clarify the role and will prompt potential candidates to step forth and announce their candidacy.<\/p>\n

New timeline<\/h3>\n

Nominations. Please write to\u00a0team@dashwatch.org<\/a>\u00a0before end of day UTC June 7th.<\/p>\n

Voting will take place between June 10th and July 2nd.<\/p>\n

Results publication will occur no later than July 5th.<\/p>\n

Supervisor role<\/h3>\n

The definition of the supervisor role is quite open. This type of Cayman Islands foundations is relatively new. The\u00a02017 Foundation Companies Law<\/a>lists many potential responsibilities of the different roles in the foundation, leaving the details to the constitution of the foundation company.<\/p>\n

In the case of the Dash Investment Foundation, the directors, who are already appointed, are running the day to day business of the foundation. However, there are a few reserved matters that can only be decided at the general meetings, where supervisors vote:<\/p>\n