Thursday, April 28, 2011

Proposal: Power To The People (With Power)

Timed out 11-0.—Yoda

Adminned at 01 May 2011 12:51:42 UTC

Add a new rule, “Shareholder Meetings”

At any time, an Investor who has at least 5 Shares in a Corporation may make a Shareholder Meeting post for that Corporation with the title “CORP - Shareholder Meeting: X”. Here, CORP is the name of the Corporation and X must correspond to the title of a subrule to this rule. The body of the post must specify which Investors (including the Market) have Shares in the Corporation and how many (this is the “Record Date Information”), and must fulfill any other requirements specified in the corresponding rule.

A Shareholder Meeting starts out as pending, and ceases to be pending if it is approved or if 48 hours have passed since it was posted. Each Investor with at least one Share in the Corporation may support a Shareholder Meeting by making a comment to it with a FOR icon accompanied with the number of Shares they have of the Corporation according to the Record Date Information. They may stop supporting it at any time by making a comment with an AGAINST icon to the Shareholder Meeting post. If the number of Shares held by the Investors (and/or the Market) who support a pending Shareholder Meeting exceeds 50 (again, according to the Record Date Information), the Investor who made the post may approve it by making a comment to it to that extent and by carrying out its effect as specified in the corresponding subrule.

Add the following as subrules to that rule:

“Take Off Market”

This Shareholder Meeting may only be called if the Market owns no more than 10 Shares of this Corporation. When this Shareholder Meeting is approved, all shares for this Corporation shall be marked as Frozen in the BN Index. While this is in effect, no Shares of this Corporation may be bought or sold.

“Go Public”

When this Shareholder Meeting is approved, all shares for this Corporation cease to be frozen, and shall no longer be marked as such in the BN Index.

An alternative to spikebrennan’s suggestion, with a few examples to start us out with.

Comments

Ely:

28-04-2011 13:58:45 UTC

for  for Whatever might take us out of this.

lilomar:

28-04-2011 15:00:01 UTC

for

Bucky:

28-04-2011 16:39:48 UTC

imperial  for

Oze:

28-04-2011 17:11:20 UTC

for

Josh: Observer he/they

29-04-2011 14:57:23 UTC

imperial to avoid idling. (Will get properly involved when I get back home from holiday on Sunday.)

Darknight: he/him

29-04-2011 21:21:51 UTC

imperial

Subrincinator:

01-05-2011 10:07:08 UTC

imperial

Winner:

01-05-2011 15:05:03 UTC

imperial

Yoda:

01-05-2011 17:40:37 UTC

for

Galtori:

01-05-2011 19:36:31 UTC

for