[Noisebridge-board] Investment committee

Kelly hurtstotouchfire at gmail.com
Wed Feb 23 18:01:38 PST 2011


You mean this?

e. Investment Committee
This corporation shall have an investment committee comprised of not
less than three directors. The committee shall act with the care,
skill, prudence, and diligence under the circumstances then prevailing
that a prudent person acting in a like capacity and familiar with
these matters would use in the conduct of an enterprise of like
character and with like aims to accomplish the purposes of the
institution. Individual investments shall be considered as part of an
overall investment strategy. The committee shall consider present and
future financial requirements, expected total return, general economic
conditions, the appropriate level of risk, appropriate levels of
income, growth and long-term net appreciation, and the probable safety
of the funds. The committee may retain professional money managers,
and shall develop an investment policy that shall be reconsidered at
feast annually, in light of the changing needs of the corporation,
economic conditions, and any other factors that may affect the
corporation's tolerance of risk and need for income. The committee may
recommend the retention of property contributed by a donor (whether or
not it produces income), and a donor's request should be a factor in
making the determination of whether to sell a particular asset
contributed by a donor.

It's written in business-ese and doesn't have any clear parallels to
existing structures at Noisebridge.

-Kelly

On Wed, Feb 23, 2011 at 17:56, Dr. Jesus <j at hug.gs> wrote:
> Have you read the relevant section of the bylaws?
>
> On Wed, Feb 23, 2011 at 5:24 PM, Kelly <hurtstotouchfire at gmail.com> wrote:
>> And regarding the investment committee idea, I think it's a
>> potentially terrible idea but I would consider it, pending some
>> explanation of what that would actually look like within the structure
>> of Noisebridge.
>>
>> -Kelly
>>
>> On Wed, Feb 23, 2011 at 14:56, Danny O'Brien <danny at spesh.com> wrote:
>>> That sounds like an idea.
>>>
>>> In other news, shouldn't we be shambling toward the
>>> nomination/consensus process for the executive officers?
>>>
>>> Somebody remind me what the process here is: I remember it all ending
>>> with a pseudo-random allocation of Jof, but I also vaguely recall
>>> nominations being board-initiated.
>>>
>>> d.
>>>
>>>
>>>
>>> On Wed, Feb 23, 2011 at 2:31 PM, Dr. Jesus <j at hug.gs> wrote:
>>>> I don't think the board has actually done this yet:
>>>>
>>>> https://www.noisebridge.net/wiki/Bylaws#e._Investment_Committee
>>>>
>>>> There are very few rules regarding handling of Noisebridge property
>>>> and a lot of misinformation.  I'd like to fix this.  Why don't you
>>>> folks decide who's going to be on the committee and I'll do the
>>>> legwork of setting up meetings among the relevant members to come up
>>>> with some proposed guidelines to run through the consensus process.
>>>> _______________________________________________
>>>> Board mailing list
>>>> Board at lists.noisebridge.net
>>>> https://www.noisebridge.net/mailman/listinfo/board
>>>>
>>>>
>>> _______________________________________________
>>> Board mailing list
>>> Board at lists.noisebridge.net
>>> https://www.noisebridge.net/mailman/listinfo/board
>>>
>>
>


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