In response to what Nick.eth wrote here: Role & responsibilities of ENS Foundation Director
I would like to nominate myself to be considered as the ENS Foundation Director. I would be happy to answer questions here about my background and qualified skills and experience. I would be particularly interested in speaking with not only the DAO directly, but the working group that is there now. The reason is I do feel it is important for those currently at the helm of the ship to feel very good about any potential addition to the team. Particularly interested in speaking with @nick.eth, @alisha.eth, Kevin and other stewards and others that are crucial to the success of ENS and the future of ENS.
Below are excerpts from Bradley and my responses to them.
The ENS Foundation is a Cayman Islands foundation that exists to serve as a legal entity representing the DAO. More detail on why it exists and what it’s for can be found in the governance docs.
The Foundation currently has three directors; Myself, Kevin Gaspar, and Brantly Millegan. Directors are responsible for the day-to-day running of the Foundation. In practice, this is very little, at least so far; the Foundation has to make annual filings with the Cayman Islands, which are handled by its lawyers and accountants. It has assorted business expenses; as the Foundation does not have a bank account these are currently paid for by True Names Limited (the nonprofit I direct that funds and organizes most ENS development), and requested for reimbursement by the DAO after the fact.
As a founding member of the UltraDAO and on the Core team of Woodies I was responsible for setting up and organizing our legal business formations to protect our civil and tax liabilities. I oversaw the formation of the LLC and I am overseeing decentralized governance including overseeing the creation of a memorandum of law in regards to sufficient decentralization.
In my day job, I am a Vice President of Operations for a Global real estate firm overseeing a multibillion-dollar portfolio. I have been advising City DAO on how large multifamily operations and ownership to the blockchain. I am passionate about decentralization and DAO’s and I also recently established one of the first 100% web3 nonprofit, The Queens of the Metaverse Foundation.
In principle the Foundation’s responsibilities could extend beyond this in time. If the DAO decided it needed, say, a subscription to Google Workplace to give DAO members email addresses etc, the DAO could instruct the Foundation directors to organize and instate this. Likewise, if the DAO wanted to acquire real estate, they would instruct the Directors to carry this out. Foundation directors are free to delegate any of these responsibilities, but it’s their job to make sure it gets done.
I have extensive experience in the real estate world and I could be a huge help from a financial and operations perspective. Under the umbrella of my day job, I supervise over 1,000 employees all hailing from diverse socioeconomic backgrounds. My umbrella of responsibility includes HR, Legal, Compliance, IT (I regularly work with owa and networks and systems for efficient working processes as well as various programs and CRMs including set up and training), Sales, Operations and People Leadership.
I am also investigating obtaining Directors and Officers Insurance for the Foundation to further protect directors from personal liability. Personally, I view this risk as small, but difficult to quantify.
I could help in this regard if you would like assistance.
Presently there is no fixed compensation for the role of Director. I’d suggest that the DAO should set some reasonable level of compensation in any proposal that’s put forward to replace or appoint a new director.
I would like to ask that we start with transparency on the compensation package that Brantly and potentially others enjoy to make this process fair and transparent as well as take into account a fair market comparison of compensation for review and approval of the DAO. I understand it is not fixed but is there a precedent?
The Foundation is only required to have one Director under Cayman Islands law. However, I do not think it’s advisable to have only a single director. Three directors provide for redundancy in the event that one cannot serve, and make tiebreaking on votes easier.
I do think this is wise and the more decentralized governance can be the better for the future of the organization.
My recommendation here would be to decide on a reasonable level of remuneration for directors, hold a process to accept nominations for the post of director, and hold a DAO-wide Snapshot vote to appoint one.
I would like to help with this process however I can. Having experience with DAOs this would not be a foreign process for me. As for remuneration what is the standard at ENS now and a fair market evaluation can be completed to give substantive information to the DAO to make good decisions around this.