I’d like to discuss the situation around the Secretary’s compensation. With all due respect to @Limes’s work, I just don’t see how it’s worth 5.5kUSD per month.
From what I understand, there are three components to the Secretary’s work - running a calendar, manning a multisig, and doing DAO’s financial reporting.
Running a calendar and manning a multisig are 5 hour per month responsibilities which require fairly little qualification.
In theory DAO’s financial reporting can be a significant component to Secretary’s work if done properly. As a professional financier in the past - how I see the issue is that there are a lot of various deliverables covering the state of financial affairs of DAO and none of them provide a comprehensive overview of the situation.
The problem is that we have this
and then we have this
on top of that we have this report
also this
Money flow visualization by AVSA
and that
and to create even more confusion recently added this
That’s like throwing a bunch of numbers into the eyes of the user of that information without any expectation that he will be able to make sense of it. Even having a financial background like me, I can’t read and reconcile all those documents with each other. In my opinion a bunch of deliverables which make no sense for an external reader have zero value. This financial reporting should be designed with the public reader in mind.
As a good example of quality financial reporting see this here - 2024 Arbitrum Token Flow Report.
Not knowing anything at all about Arbitrum, you can open this document, and after reading it immediately get a very good sense of what’s going “under the hood”.
I just don’t understand this - the DAO has all of the imaginable resources at its disposal and yet we are lacking such a basic part as a normal functioning financial reporting. @Limes was holding this position for years now and did not provide so far tangible financial reporting deliverable, which will be comprehensive and will allow to reconcile all of the moving parts within the DAO.
I think it makes sense to reduce the Secretary’s compensation to reflect actual value created for the DAO at present. I propose that we set the Secretary’s compensation at 200USD to cover for “calendar” and “multisig” parts only. Should the situation with “financial” part improve in the future, then adjust compensation accordingly.
It sets a pretty bad precedent within the DAO, where actual value created is severely misaligned with the compensation.
Happy to discuss further.