17th March 2020 – Vancouver, Canada – The Annual General Meeting for the ETC Cooperative was held today at 12.30pm EDT:
One of the primary tasks assigned to me when I joined the ETC Cooperative as Executive Director just over a year ago was "design and put in place a new governance structure for the ETC Coop".
That work has taken another step forward today as the culmination of months of work alongside our new Treasurer, Alison Alexis CPA, who has been instrumental to our progress.
Two Resolutions were passed today, which strengthened our Board of Directors and put the new governance policies, processes and procedures in place to enhance the ETC Cooperative's transparency and overall mission:
- ETC Coop 2020 Resolutions (Election and Resignation of Directors)
- ETC Coop 2020 Resolutions (Election and Removal of Officers, Approving Policies and Corporation Governance Documentation)
Documents describing our new governance as well as our roadmap for 2020, our goals and means of self-assessment and our Budget:
- ETC Coop 2020 Roadmap
- ETC Coop 2020 Goals & Objectives
- ETC Coop 2020 Budget
- ETC Coop Governance Manual
- ETC Coop Document Retention Policy
- ETC Coop Gift and Donation Policy
- ETC Coop Whistleblower Policy
The etccooperative.org website will be updated with this content, plus all prior resolutions, over the next week or so. We are still working on completing the 2019 Retrospective which is about 60 pages of information and builds on the transparency that the ETC Cooperative has demonstrated with the 2018 mid-year and end-of-year reports.
Here are the By-Laws, IRS determination letter and our 990 filing with the IRS for the 2018 tax year:
- ETCC-Inc.-By-Laws-EXECUTED-05-10-18 (By-Laws passed in 2018)
- ETC Cooperative - 501(c)(3) - IRS Approved - Contains EIN (Determination letter)
- ETC Coop 2018 Form 990 (Filing with the IRS)
The process for 2019 filings will be starting soon, in accordance with statutory deadlines.
I am delighted to welcome our new Directors, who should be familiar faces to most people, as we continue our mission of accelerating the growth of Ethereum Classic.
Roy Zou (邹来辉) has engaged in Cryptocurrency community since 2011, doing some translating and educating job for the blockchain Chinese community. Roy created a Blockchain company named BITKIO where he serves CEO to focus on smart devices and Blockchain in 2015. In 2017, he co-founded a Blockchain venture studio named Gödel Labs (哥德尔实验室) which is dedicated to researching the Blockchain protocol-level technology, the future potential applications of Blockchain. Gödel labs also is doing education, investment and incubator for Blockchain projects. Roy is an organizer of Chinese community of Bitcoin, Dogecoin, Ethereum and Ethereum Classic. Roy was elected as Secretary General of Ethereum Classic Consortium (China) founded in September 2016, which is an alliance of Chinese blockchain community to foster ETC and the essence of Blockchain. Roy also was one of the advisors of ETCDEV Team.
"It is my honor to become a member of the ETC Cooperative Board with four other well known and long-term supporters of Ethereum Classic! I believe ETC Coop will continue to contribute to the ETC community. A more robust community is well expected!" - Roy Zou (邹来辉)
Elaine Ou is a blockchain engineer at Global Financial Access in San Francisco. Previously she was a lecturer in the electrical and information engineering department at the University of Sydney. Like Roy, she was previously an advisor to ETCDEV, and is an ETC OG.
"I am honored to be a part of the ETC Cooperative Board, and confident that ETC Coop will continue to make formative contributions to the ETC ecosystem." - Elaine Ou
Craig Salm is the Director, Legal at Grayscale Investments ®, and joins the Board of Directors as Chair.
“Grayscale Investments has always supported ETC Coop and their mission to accelerate the growth of Ethereum Classic. I look forward to continuing our involvement with the organization by becoming a member of the board.” - Craig Salm
Craig Salm is the Director, Legal at Grayscale Investments, the world’s largest digital currency asset manager with more than $1.7 billion in assets under management across its family of 10 products – all of which provide access and exposure to the digital currency asset class in the form of a traditional security without the challenges of buying, storing, and safekeeping digital currencies directly. In this role, Craig oversees the daily legal and regulatory operations of the business and its products. Prior to joining Grayscale, Craig was a corporate associate at Paul Weiss and a member of its Capital Markets & Securities Group. His practice focused primarily on representing issuers, private equity sponsors, investment banks, hedge funds, and other stakeholders in corporate finance transactions as well as advising on securities law and corporate governance matters. Craig earned his Bachelor of Science from the University of Michigan and his Juris Doctor from the Benjamin N. Cardozo School of Law. Craig serves as a member of the Crypto Ratings Council (CRC) and the Blockchain Association as a co-chair of the Securities Law Working Group.
Barry Silbert and Cody Burns continue in the Board roles they have held since the conversion of ETC Cooperative Inc from an LLC into a 501(c)(3) in May 2018.
I am delighted that we have been able to bring this new governance to life and look forward to sharing the 2019 Retrospective in the coming weeks.
Bob Summerwill, Executive Director, 17th March 2020