This page explains the role and constitution of Regulations Council, appointed by a Council Vote of the Open Council.
The role of the Regulations Council is to provide counsel to the Muellners Foundation's community on its various initiatives. This Council works on regulations concerning monetary policies, inter governmental agencies, governmental agencies and Foundation's statutory maintenance.
The members of the Regulations Council have voluntarily chosen to actively contribute to the Muellners Foundation's agenda.
These members publish opinion articles on Foundation's financial technology research and self governance, contribute directly by mentoring Learn fellowship grantees, participate in presenting Foundation's agenda in their industry network, build strategic relationships with governmental and inter governmental agencies.
The members appointed to Regulations Council generally stay on this committee for a fixed period.
The members of the Regulations Council shall also appoint Regulations CWC, an Independent Core Working Group.
The members of the Regulations Council work with following guidelines:
1. The Regulations Council members shall meet the Executive Council on an ongoing basis: 1.1 Generally recorded on a monthly basis through an electronic meeting with the Executive Council, either exclusively or through Open Convention
1.2 When recorded through the member’s presence in the Foundation’s monthly Council meetings, or
2. The Regulations Council may convene to meet the Executive Council or other members through an electronic meeting, in addition to the monthly Council meetings, to contribute to the Council's roles and responsibilities.
3. Regulations Council can convene an electronic meeting, inviting all the Open Council members or all the Foundation's members, to conduct an independent documented review of the Foundation’s initiatives.
The meeting minutes from any convened “Regulations Council meeting” shall be released to the Executive Council within 14 days of the meeting.
The Executive Council reserves the right to reject or release the meeting minutes and documented reviews of this committee to the other members of the Foundation.
Open Constitution Governance Framework:
4. Muellners Foundation runs itself with a decentralised open governance system. Each open governance decision shall be recorded on the Open Constitution ledger.
Therefore, the role of the Regulations Council is to work with the other Open Council bodies in steering the Foundation’s self governance model, inscribed into Foundation's Open Constitution.
5. Appointment to this Regulations Council is pro bono and voluntary in nature. Appointments are generally made for an election period of atleast 1 year and atmost 3 years.
Appointment, Nomination, Removal and Resignation:
6.1 Following members can officially nominate a new or existing member of the Foundation to the Regulations Committee:
6.1 b. A non Council member can also request a nomination, in the form of community proposal. The Nomination action shall be officially initiated by the only members mentioned in above 6.1 “a”.
6.2 Self nomination by (an already elected) member of one of the bodies of the Open Council for his/her/their appointment to the Regulations Council is not acceptable.
6.3 Once the nomination is accepted by the Nominee, Nominee or the member nominating the nominee, shall file supporting documentations such as nominee's literature, publications, demonstration of social activities on Foundation's Membership Registry.
A Council Resolution "Vote IN" is then scheduled on the Council's mailing list.
6.4 Appointment to the Regulations Council is published on the public facing records of the Muellners Foundation.
7.1 Members of the Executive Council or of the Regulations Council or of the Advisory Council can only officially only officially propose removal of a member from the Regulations Council.
7.2 Open Council Resolution - “Vote OUT" is considered to be active on the Open Constitution system, once it is initiated on the Council’s private mailing list.
A strong reason for violation of Muellners Foundation’s governing policies and directives must be provided by member(s) initiating the resolution, to support the Council resolution “Vote OUT”.
7.3 Community Referendum: Final removal of a member from the Regulations Council is subject to a community referendum on the passed Council resolution “Vote OUT”, stated in 7.1 & 7.2 above.
8. A member may serve on more than one Open Council bodies. Each Council body membership reserves additional voting rights.
If a member happens to serve on two Open Council bodies, then this effectively means that two votes are counted for the same member for the Foundation’s Council Vote based decision proceedings, including but not limited to the governing protocols for appointment of members or their removal to the Open Council.
9. A member's self resignation from the Regulations Council is a voluntary action.
A member may resign from the Regulations Council by stating the reasons for resignation. The announcement of resignation can be done via electronic email on the Council's mailing list.
10. The Independent Board reserves the right to update the terms and conditions, statutes from time to time, in compliance with the existing rules and regulations of the association, including reserving the right to terminate the appointment to this Council at any time, without notice and without the due electoral process of removal, in the following scenario:
If the member is found convicted of criminal, civil and financial crimes, in any court of competent jurisdiction, across the world, where Foundation has an active presence, either through a legal body representation or an affiliate network.
11. The statutes of the Foundation and terms and conditions governing its functioning can be found here. The Independent Board reserves the right to dissolve the whole Regulations Council and initiate constitution of a new Regulations Council.
12. The Foundation members communicate via cryptographic electronic communications systems, and technology tools. In connection to the electronic meetings convened by members of this council, Foundation’s IT infrastructure shall be used.
If the meeting took place outside the Foundation’s communications infrastructure, then the meeting minutes must be brought back to the notice of the Executive Council.