Change in Foundation Directors

Summary

This proposal makes the following changes to Directors of the Developer DAO Foundation:

• Removal of Glenn Kennedy and Anita Zagorski as Directors
• Removal of Glen Kennedy as Supervisor -Appointment of Anna Beesoon as Director
• Appointment of Leeward Management as Supervisor

Motivation

These changes are being made as part of a broader effort to streamline operations and reduce the Foundation’s financial costs from ~$33k/year to $22k/year.

##Scope of Work The Developer DAO Foundation has three directors: William Kempste, Glenn Kennedy and Anita from Leeward Management.

On passing this proposal, Glenn and Anita will be removed from their roles. Anna will be appointed Director and Leeward Management as Supervisor.

The Directors are responsible for overseeing the day-to-day management of the Foundation and for certain executive functions. For example, implementing changes required by successful DDIPs, signing contracts, and interfacing with real-world entities such as legal counsel representing the Foundation or financial services providers.

Anything outside such operational tasks and strategic matters requires DAO approval through Governance.

Foundations also legally require a Supervisor. The Supervisor is an administrative position with reserve powers akin to a shareholder of a company. The Supervisor is one of the Cayman-resident professional directors who also performs this role for other DAOs.

Drawbacks

None identified.

Vote

• For
• Against
• Abstain