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Fiscal Hosts
This page explains Muellners Foundation's Fiscal Hosts, also known as Fiscal Node on the Open Constitution network.
What is a fiscal host?Fiscal hosting is where a legally registered organisation (the fiscal host, also known as Foundation's regional official representation) holds money, trust and fiduciary duties on behalf of Foundation's global community and open source intelligence network.
Muellners Foundation nominates and appoints Fiscal Hosts in each member state of UN as fiduciary bodies.
Local Independent Boards are constituted from these Fiduciary bodies.
Fiscal Hosts also maintain local membership and beneficiary citizen registry.
Fiscal Hosts maintain Foundation's compliance with local business laws, besides holding trust and fund on behalf of Muellners Foundation.
Fiscal Host Legal Bodies and their members continue to independently work on the local advocacy of Foundation's guiding principles.
Each Fiscal Host appoints an Independent Board themselves, which also represents the local community of Foundation.
The local Independent Board members also appoint a third party Data Protection Officer, an auditor and a chartered accountant in accordance to the Open Constitution, and based on local requirements of compliance with business laws.
💁Muellners Foundation screens Fiscal hosts, with independent and autonomous dilligence, before a nomination and subsequent appointment is filed on Open Constitution Governance System.
Muellners Foundation also periodically reviews the Fiscal Hosts' local compliance with the help of periodical audits(annual audits).
The Treasury and Regulatory Compliance audits are released to general public, in the form of quarterly "Transparency Report", regardless of whether local business laws require an audit or not.
Following members participate in the screening and dilligence:
Fiscal Host's Steward Group, Legal CWC and Open Council bodies namely Regulations, Legal and Treasury Council.
Representation of a Fiscal Host
Appointment of a Fiscal Host is an irrevocable consensus protocol.
If a Fiscal Host or the Independent Board of the Fiscal Host is found to be non compliant with local business laws, Executive Council shall have all remedy at their disposal, to dissolve the local Independent Board and consitute newer appointments.
These observations are made in the Transparency Report.
Following members participate in the review of Transparency Reports:
Fiscal Host's Steward Group, Legal CWC and Open Council bodies namely Regulations, Legal and Treasury Council.
Further, Foundation's community may also dissolve a Fiscal Host by exercising a community referendum.
Note:
The appointment of second Fiscal Host legal body is ratified by the Independent Board of the first Fiscal Host: Muellners Foundation, Denmark CVR:41008407, currently based in Copenhagen, Denmark.
Thereafter, subsequent Fiscal Host appointments are ratified by any of the already appointed Fiscal Hosts.
What is required to be a Fiscal Host?
Types of legal bodies currently eligible for Fiscal Hosting:
- 1.Voluntary association, such as a Trade Union, Worker's Union, Labour Union
- 2.A Co-operative registered Fund
- 3.A society
- 4.A Microfinance organisation
- 5.Account Aggregator Non Banking Financial Company
The Objectives of the Fiscal Hosts should adhere to the Muellners Foundation's guiding principles.
Last modified 1mo ago