{"post_stream":{"posts":[{"id":159,"name":"Cordt","username":"MaxP","avatar_template":"/user_avatar/forum.phoenix.money/maxp/{size}/81_2.png","created_at":"2026-10-17T14:36:16.379Z","cooked":"\u003ch1\u003e\u003ca name=\"p-159-re-appointment-of-an-emergency-supervisor-1\" class=\"anchor\" href=\"#p-159-re-appointment-of-an-emergency-supervisor-1\" aria-label=\"Heading link\"\u003e\u003c/a\u003eRe: Appointment of an Emergency Supervisor\u003c/h1\u003e\n\u003cp\u003eHello. Yes, I made an account just for this. Some of you know me from Telegram as Max Power — a quick background on my experience within this ecosystem:\u003c/p\u003e\n\u003cp\u003eI started out just helping people in Telegram groups, which sort of snowballed. I was a founding member of the Osmosis Support Lab — arguably the ecosystem’s longest continuously funded and most successful DAO project, and one many of you have used.\u003c/p\u003e\n\u003cp\u003eI later joined Sei Foundation as DevRel, running its grants program, developer and user outreach, and support, then customer success and solutions engineering at Interchain/Cosmos Labs.\u003c/p\u003e\n\u003cp\u003eThese were hands-on, community-facing roles: making it as easy as possible for anyone to do something on the network. That gave me a view from every side — retail users, third-party developers, and the foundations in the ivory tower.\u003c/p\u003e\n\u003cp\u003eI’ve watched this play out across a dozen projects. I’m a stubborn believer in DAO-governed, decentralized, trustless systems, where everyone is a faceless moniker who could be anyone — and the one certainty is that you can never be certain of anyone’s motives.\u003c/p\u003e\n\u003cp\u003eWhat I’ve seen here is disingenuous conduct by the accuser, drifting well beyond accountability into a witch hunt, with the outcome seemingly decided before the proposal was written, regardless of the arguments.\u003c/p\u003e\n\u003cp\u003eIt is clear this proposal and the overall process have been structured to produce a removal, not to impartially examine conduct or hold anyone accountable for negligent or otherwise “adverse” actions or events.\u003c/p\u003e\n\u003cp\u003eThe original proposal having failed with a 2–1–1 vote does not constitute an “adverse event” — if it were an adverse event, a reasonable person would expect the majority of the directors to be in agreement on that statement.\u003c/p\u003e\n\u003cp\u003eThis is literally the governance system working as intended; with adequate checks and balances. Without them, two members have free rein to do anything they wish.\u003c/p\u003e\n\u003cp\u003eLet’s go into it a bit deeper though, because… why not?\u003c/p\u003e\n\u003ch2\u003e\u003ca name=\"p-159-there-is-no-qualifying-adverse-event-2\" class=\"anchor\" href=\"#p-159-there-is-no-qualifying-adverse-event-2\" aria-label=\"Heading link\"\u003e\u003c/a\u003eThere is no qualifying “Adverse Event”\u003c/h2\u003e\n\u003cp\u003eThe precondition is never met. The opening post claims A272 “has resulted in a 2–2 deadlock.” A272’s own appendix records Philipp yes, MB yes, Rose no, Vini not voting: 2–1–1. Across 283 proposals none has ever split 2–2, and 14 of the 271 before A272 failed to reach the threshold.\u003cbr\u003e\nA threshold doing its job isn’t a deadlock. Once the count was public, item 1 was downgraded from “the persistent 2–2 Stewardship deadlock on Proposal A272” to “dysfunction”, which is arguably a vague catch-all for any situation, including where one may seek to manufacture a serious issue based on potentially dubious claims or circumstances.\u003c/p\u003e\n\u003cp\u003eArticle 2.6.1 requires an Adverse Event, not a lost vote (\u003ca href=\"https://cdn.jsdelivr.net/gh/phoenix-directive/docs@main/Phoenix%20Foundation%20-%20Bylaws.pdf#page=12\" rel=\"noopener nofollow ugc\"\u003eBylaws, Art. 2.6.1, p. 12\u003c/a\u003e).\u003c/p\u003e\n\u003cpre\u003e\u003ccode class=\"lang-auto\"\u003eArticle 2.6.1: \"If there has been an Adverse Event, then, solely to the extent\nnecessary or desirable to resolve or mitigate the impact of such Adverse Event,\nthe Community may appoint by Emergency System Governance Process, through the\nTerra Governance Process, one or more additional Supervisors (an 'Emergency\nSupervisor') to investigate and oversee the BORG while resolution or the Adverse\nEvent is pending.\"\n\u003c/code\u003e\u003c/pre\u003e\n\u003cp\u003eNor is there any general mandate to address “dysfunction.” The opening post claims the Bylaws cover “circumstances where the Foundation’s governing bodies become unable to properly perform their responsibilities.” They mention dysfunction once, as an example of an Adverse Event, and only where it materially impairs the Foundation’s ability to perform its duties — the standard set in the definition of “Adverse Event” (\u003ca href=\"https://cdn.jsdelivr.net/gh/phoenix-directive/docs@main/Phoenix%20Foundation%20-%20Bylaws.pdf#page=30\" rel=\"noopener nofollow ugc\"\u003eBylaws, p. 30\u003c/a\u003e). One failed vote isn’t that.\u003c/p\u003e\n\u003cpre\u003e\u003ccode class=\"lang-auto\"\u003e\"Adverse Event\" means ... (v) any other change, event, effect, claim, circumstance\nor matter that is or could reasonably be expected to become materially adverse to\nthe ability of the BORG or BORG Personnel to perform or satisfy any of their\nrespective duties, liabilities, or obligations under these Bylaws, including\nwithout limitation any persistent deadlock or dysfunction of any Body or\nCommunity Autonomous System.\n\u003c/code\u003e\u003c/pre\u003e\n\u003cp\u003eArticle 2.6.2 also caps the office, barring it from removing, replacing, or directing the Board (\u003ca href=\"https://cdn.jsdelivr.net/gh/phoenix-directive/docs@main/Phoenix%20Foundation%20-%20Bylaws.pdf#page=12\" rel=\"noopener nofollow ugc\"\u003eBylaws, Art. 2.6.2, p. 12\u003c/a\u003e).\u003c/p\u003e\n\u003cpre\u003e\u003ccode class=\"lang-auto\"\u003eArticle 2.6.2: \"The Emergency Supervisor shall not have any authority to remove,\nreplace, or direct the decisionmaking of the BORG, the Board, or the Guardians,\nbut solely shall have the investigatory and remedial powers identified above, and\nsolely in relation to the specific Adverse Event in connection with which the\nEmergency Supervisor was appointed.\"\n\u003c/code\u003e\u003c/pre\u003e\n\u003cp\u003eItem 4 nonetheless asks governance to authorize that removal. If the power is needed, then amend the Bylaws. As \u003ca class=\"mention\" href=\"/u/0xphilipp\"\u003e@0xPhilipp\u003c/a\u003e states (several times), this matter must be dealt with under the current structure. Under the current language, it cannot come through an emergency vote, and therefore must be dropped for the time being.\u003c/p\u003e\n\u003ch2\u003e\u003ca name=\"p-159-the-voting-threshold-is-not-the-problem-3\" class=\"anchor\" href=\"#p-159-the-voting-threshold-is-not-the-problem-3\" aria-label=\"Heading link\"\u003e\u003c/a\u003eThe voting threshold is not the problem\u003c/h2\u003e\n\u003cp\u003e“The majority decides” is the rule, and the threshold was not met. A majority of four is three; A272 got two, and Board action through the multisig must also meet the multisig’s signing threshold (\u003ca href=\"https://cdn.jsdelivr.net/gh/phoenix-directive/docs@main/Phoenix%20Foundation%20-%20Bylaws.pdf#page=15\" rel=\"noopener nofollow ugc\"\u003eBylaws, Art. 3.1.3.2, p. 15\u003c/a\u003e).\u003c/p\u003e\n\u003cpre\u003e\u003ccode class=\"lang-auto\"\u003eArticle 3.1.3.2(a): \"At all meetings of the Board, a majority of the total number\nof Directors then in office shall constitute a quorum for the transaction of\nbusiness and the act of a majority of the Directors present at any meeting at\nwhich there is a quorum shall be the act of the Board, except as may be otherwise\nspecifically provided by statute or by the Charter.\"\n\nArticle 3.1.3.2(c): \"Notwithstanding the foregoing provisions of this Article\n3.1.3.2, and for the avoidance of doubt, the Board may take no action which\nrequires the use of the Stewardship Multisig as a Mandatory Autonomous System\nunless approved by at least the number of Directors constituting the minimum\nsigning threshold of the Stewardship Multisig, such approval being evidenced by\nthe successful execution of a Stewardship Multisig Proposal.\"\n\u003c/code\u003e\u003c/pre\u003e\n\u003cp\u003eA272 itself needed 75% to remove a director, but fell short, so its second message lowered the threshold to 0.6. The rule was fine when it was removing a sitting director; only becoming a problem when it blocked another.\u003c/p\u003e\n\u003cp\u003eThat leaves A272 doing two things at once: remove one member and drop the threshold to 0.6. Removal is only allowed by System Upgrade (\u003ca href=\"https://cdn.jsdelivr.net/gh/phoenix-directive/docs@main/Phoenix%20Foundation%20-%20Bylaws.pdf#page=9\" rel=\"noopener nofollow ugc\"\u003eBylaws, Art. 2.4.4.1, p. 9\u003c/a\u003e).\u003c/p\u003e\n\u003cpre\u003e\u003ccode class=\"lang-auto\"\u003eArticle 2.4.4.1: \"A Stewardship Multisig Member may be removed from a Stewardship\nMultisig solely by System Upgrade (which may occur at any time or from time to\ntime) causing all of the Multisig Keys of such Stewardship Multisig Member to\ncease to belong to the Multisig Key Set recognized by such Stewardship Multisig,\nit being acknowledged and agreed that any System Upgrade causing such removal\nshall be sufficient, in and of itself to legally deem such person to have ceased\nto be a member of the Stewardship Multisig as a body of the BORG.\"\n\u003c/code\u003e\u003c/pre\u003e\n\u003cp\u003eMB has voted identically to Philipp on all 119 proposals where both voted; Rose dissenting 11 times, and Vini three. Remove Vini, cut the threshold to 0.6, and two of the remaining three pass anything without any realistic opposition. That’s not simply fixing a deadlock; it’s changing the mechanism to produce a guaranteed result on all future proposals. Vini explained it in his reply:\u003c/p\u003e\n\u003cblockquote\u003e\n\u003cp\u003e“A272 was more than a removal. It had two messages: removing me from the member group, and changing the PF DAO threshold to 60%. After the removal that means 2 of 3, so two directors could pass anything on their own.”\u003c/p\u003e\n\u003c/blockquote\u003e\n\u003ch2\u003e\u003ca name=\"p-159-the-outcome-and-candidates-are-seemingly-predetermined-4\" class=\"anchor\" href=\"#p-159-the-outcome-and-candidates-are-seemingly-predetermined-4\" aria-label=\"Heading link\"\u003e\u003c/a\u003eThe outcome and candidates are seemingly predetermined\u003c/h2\u003e\n\u003cp\u003eItem 1 establishes the Adverse Event, item 3 sets the mandate, and item 4 authorizes the removal it claims to merely investigate:\u003c/p\u003e\n\u003cblockquote\u003e\n\u003cp\u003e“Confirm that the Emergency Supervisor may exercise the powers available under Article 2.4.5.4, including instructing the removal of a Stewardship Multisig Member where the Supervisor determines that this is necessary or desirable to resolve the Adverse Event.” — item 4\u003c/p\u003e\n\u003c/blockquote\u003e\n\u003cp\u003eArticle 2.4.5.4 obliges Stewardship members to facilitate a removal an Emergency Supervisor instructs (\u003ca href=\"https://cdn.jsdelivr.net/gh/phoenix-directive/docs@main/Phoenix%20Foundation%20-%20Bylaws.pdf#page=10\" rel=\"noopener nofollow ugc\"\u003eBylaws, Art. 2.4.5.4, p. 10\u003c/a\u003e).\u003c/p\u003e\n\u003cpre\u003e\u003ccode class=\"lang-auto\"\u003eArticle 2.4.5.4: \"If an Emergency Supervisor appointed in accordance with an\nEmergency System Governance Process instructs the Stewardship Multisig Members\n(or any subset thereof) to facilitate, allow or cause a person to be removed as a\nStewardship Multisig Member via an Emergency System Upgrade due to the Emergency\nSupervisor deeming such removal necessary or desirable to handle an Adverse Event,\nsuch Stewardship Multisig Members shall use their commercially reasonable best\nefforts to facilitate, allow or cause such person to be so removed, as applicable,\nwhich may (at the discretion of the Emergency Supervisor) include removal enacted\nvia Emergency System Upgrade.\"\n\u003c/code\u003e\u003c/pre\u003e\n\u003cp\u003eThe proposal claims “both outcomes must remain possible,” yet item 4 has already authorized the removal — one specific outcome. It says “I am not asking Terra Governance to accept my assessment,” while item 1 asks governance to accept that assessment as fact. And Philipp concedes the Emergency Supervisor “cannot directly remove a Director,” then item 4 asks for the removal anyway. Every assurance of neutrality is contradicted by the proposal’s own text.\u003c/p\u003e\n\u003cp\u003eThe candidates aren’t open either. The opening post presents two names already “acknowledged as potential candidates by three of the four current Stewardship Directors.” A later reply says it proceeds “with only 1” if no third candidate is found, and a later one still says other PF members “already engaged with this process and agreed with the options.” The mandate, the remedy, and the candidate pool are all settled before the community votes.\u003c/p\u003e\n\u003ch2\u003e\u003ca name=\"p-159-the-conflict-and-security-charges-checked-against-the-record-5\" class=\"anchor\" href=\"#p-159-the-conflict-and-security-charges-checked-against-the-record-5\" aria-label=\"Heading link\"\u003e\u003c/a\u003eThe conflict and security charges, checked against the record\u003c/h2\u003e\n\u003cp\u003eA272 attacks a director over A249, a grant that “paid his own company despite a recognized conflict.” The same record shows the accuser authoring and voting yes on at least seven proposals that paid his own address — $20,450 and 3,500 LUNA — with no on-chain record of disclosure or disinterested-director approval (\u003ca href=\"https://cdn.jsdelivr.net/gh/phoenix-directive/docs@main/Phoenix%20Foundation%20-%20Bylaws.pdf#page=23\" rel=\"noopener nofollow ugc\"\u003eBylaws, Art. 4.6.2, p. 23\u003c/a\u003e; \u003ca href=\"https://cdn.jsdelivr.net/gh/phoenix-directive/docs@main/Phoenix%20Foundation%20-%20Bylaws.pdf#page=20\" rel=\"noopener nofollow ugc\"\u003eArt. 3.2.5.3, p. 20\u003c/a\u003e).\u003c/p\u003e\n\u003cpre\u003e\u003ccode class=\"lang-auto\"\u003eArticle 4.6.2: \"If a BORG Personnel becomes aware of an ongoing material conflict\nof interest with respect to such BORG Personnel's participation in the BORG, such\nBORG Personnel shall resign from the BORG, unless such conflict of interest has\nbeen disclosed (along with all relevant material facts and circumstances) to the\nBoard and the Community in reasonable detail and such BORG Personnel's continued\nparticipation in the BORG has been approved by a majority of the disinterested\nDirectors notwithstanding such conflict of interest.\"\n\nArticle 3.2.5.3: \"Each Stewardship Multisig Member shall ... evaluate the merits\nof each ... Proposal solely in light of the Purposes, Authorized Uses and the\nPrinciples, and, based solely on such evaluation, and without regard to any\npersonal or extrinsic interest or consideration, determine whether to vote in\nfavor of such Proposal ...\"\n\u003c/code\u003e\u003c/pre\u003e\n\u003cp\u003eA272 also says written security concerns “were dismissed … potentially exposing about $4.4M,” while Philipp’s own later reply says “MB and I were the ones who identified and reported the issue and triggered the process for an immediate Neutron chain halt.” Both can’t stand unqualified. And the Bylaws impose no duty to monitor, prevent, or report security risks (\u003ca href=\"https://cdn.jsdelivr.net/gh/phoenix-directive/docs@main/Phoenix%20Foundation%20-%20Bylaws.pdf#page=23\" rel=\"noopener nofollow ugc\"\u003eBylaws, Art. 4.4, p. 23\u003c/a\u003e).\u003c/p\u003e\n\u003cpre\u003e\u003ccode class=\"lang-auto\"\u003eArticle 4.4: \"Without limiting the generality of Article 4.3, none of the BORG,\nDirectors, Supervisors, Multisig Members or other BORG Personnel shall have any\nduty to the Community or any member thereof to monitor, respond to, prevent,\nmitigate, or announce any actual or perceived security threat or risk, by using\nany Stewardship Multisig or otherwise.\"\n\u003c/code\u003e\u003c/pre\u003e\n\u003ch2\u003e\u003ca name=\"p-159-the-existing-requirement-for-a-supervisor-is-being-ignored-6\" class=\"anchor\" href=\"#p-159-the-existing-requirement-for-a-supervisor-is-being-ignored-6\" aria-label=\"Heading link\"\u003e\u003c/a\u003eThe existing requirement for a Supervisor is being ignored\u003c/h2\u003e\n\u003cp\u003ePhilipp calls the missing standing Supervisor “a separate governance issue,” and says structural changes “should not be mixed into this process.” Neither holds against the text: the Bylaws require one at all times, with the power to hold personnel liable for Adverse Events (\u003ca href=\"https://cdn.jsdelivr.net/gh/phoenix-directive/docs@main/Phoenix%20Foundation%20-%20Bylaws.pdf#page=11\" rel=\"noopener nofollow ugc\"\u003eBylaws, Arts. 2.5.1–2.5.2, p. 11\u003c/a\u003e).\u003c/p\u003e\n\u003cpre\u003e\u003ccode class=\"lang-auto\"\u003eArticle 2.5.1: \"The BORG shall at all times have a supervisor (the 'Supervisor')\nwho is able and willing to supervise the management of the BORG.\"\n\nArticle 2.5.2: \"Subject to the limitations in these Bylaws and the other\nGovernance Agreements, the Supervisor shall ensure that the BORG's rules are\nenforced, and shall have the right and power to hold BORG Personnel liable for\nany Adverse Event caused by such BORG Personnel.\"\n\u003c/code\u003e\u003c/pre\u003e\n\u003cp\u003eNo Supervisor has been appointed, despite that “at all times” requirement. Instead the proposal sets its own clock — “maximum of four weeks,” “end of next week,” “with only 1” — while the Bylaws say the Community “may” appoint and set no deadline.\u003c/p\u003e\n\u003ch2\u003e\u003ca name=\"p-159-the-edits-and-remaining-arguments-do-not-establish-an-adverse-event-7\" class=\"anchor\" href=\"#p-159-the-edits-and-remaining-arguments-do-not-establish-an-adverse-event-7\" aria-label=\"Heading link\"\u003e\u003c/a\u003eThe edits and remaining arguments do not establish an Adverse Event\u003c/h2\u003e\n\u003cp\u003eThe remaining justifications don’t establish an Adverse Event. Mandate, contribution, meme coins, “assets on Terra,” “catastrophic liquidity loss,” “Terra Classic” — none of it meets the definition’s material-harm test, much is months old (A249 closed more than three months before A272), and alarmism isn’t an argument.\u003c/p\u003e\n\u003cp\u003eThe Bylaws impose no fiduciary duty to any individual community member (\u003ca href=\"https://cdn.jsdelivr.net/gh/phoenix-directive/docs@main/Phoenix%20Foundation%20-%20Bylaws.pdf#page=23\" rel=\"noopener nofollow ugc\"\u003eBylaws, Art. 4.2.3, p. 23\u003c/a\u003e).\u003c/p\u003e\n\u003cpre\u003e\u003ccode class=\"lang-auto\"\u003eArticle 4.2.3: \"As such none of the BORG, the Directors, Officers, Stewardship\nMultisig Members, Supervisors, Emergency Supervisors, and other BORG Personnel\nare able to, or will, accept, undertake or perform a duty of loyalty to or owe\nany fiduciary obligation to any single Community member, sub-group of the\nCommunity, or the Community as a whole.\"\n\u003c/code\u003e\u003c/pre\u003e\n\u003ch2\u003e\u003ca name=\"p-159-conclusion-8\" class=\"anchor\" href=\"#p-159-conclusion-8\" aria-label=\"Heading link\"\u003e\u003c/a\u003eConclusion\u003c/h2\u003e\n\u003cp\u003eThis isn’t accountability, it’s one person’s personal desire for more power.\u003c/p\u003e\n\u003cp\u003eWhere a rule helps, it bends: a 2–1–1 vote becomes “dysfunction” (\u003ca href=\"https://cdn.jsdelivr.net/gh/phoenix-directive/docs@main/Phoenix%20Foundation%20-%20Bylaws.pdf#page=30\" rel=\"noopener nofollow ugc\"\u003ep. 30\u003c/a\u003e), the power the Bylaws withhold becomes the power requested (\u003ca href=\"https://cdn.jsdelivr.net/gh/phoenix-directive/docs@main/Phoenix%20Foundation%20-%20Bylaws.pdf#page=12\" rel=\"noopener nofollow ugc\"\u003ep. 12\u003c/a\u003e), and the required Supervisor becomes “a separate governance issue” (\u003ca href=\"https://cdn.jsdelivr.net/gh/phoenix-directive/docs@main/Phoenix%20Foundation%20-%20Bylaws.pdf#page=11\" rel=\"noopener nofollow ugc\"\u003ep. 11\u003c/a\u003e). Where it doesn’t, it’s absolute — the 75% threshold is immovable for a removal and negotiable to 0.6 when it blocks one (\u003ca href=\"https://cdn.jsdelivr.net/gh/phoenix-directive/docs@main/Phoenix%20Foundation%20-%20Bylaws.pdf#page=15\" rel=\"noopener nofollow ugc\"\u003eArt. 3.1.3.2(c), p. 15\u003c/a\u003e); 2.4.5.4 binds while 2.6.2’s bar on that same removal is a technicality (\u003ca href=\"https://cdn.jsdelivr.net/gh/phoenix-directive/docs@main/Phoenix%20Foundation%20-%20Bylaws.pdf#page=10\" rel=\"noopener nofollow ugc\"\u003epp. 10–12\u003c/a\u003e); and the materiality test that demands real harm is satisfied by one vote (\u003ca href=\"https://cdn.jsdelivr.net/gh/phoenix-directive/docs@main/Phoenix%20Foundation%20-%20Bylaws.pdf#page=30\" rel=\"noopener nofollow ugc\"\u003ep. 30\u003c/a\u003e). A rule is only as absolute as its convenience.\u003c/p\u003e\n\u003cpre\u003e\u003ccode class=\"lang-auto\"\u003eArticle 2.6.2: \"The Emergency Supervisor shall not have any authority to remove,\nreplace, or direct the decisionmaking of the BORG, the Board, or the Guardians,\nbut solely shall have the investigatory and remedial powers identified above, and\nsolely in relation to the specific Adverse Event in connection with which the\nEmergency Supervisor was appointed.\"\n\n\"Adverse Event\" means ... (v) any other change, event, effect, claim, circumstance\nor matter that is or could reasonably be expected to become materially adverse to\nthe ability of the BORG or BORG Personnel to perform or satisfy any of their\nrespective duties, liabilities, or obligations under these Bylaws...\n\nArticle 2.5.1: \"The BORG shall at all times have a supervisor (the 'Supervisor')\nwho is able and willing to supervise the management of the BORG.\"\n\u003c/code\u003e\u003c/pre\u003e\n\u003cp\u003eBottom line: no deadlock, no qualifying Adverse Event, no authority to remedy “dysfunction,” and none to instruct a removal. The required Supervisor was never appointed, the outcome and candidates are predetermined, and A272 pairs removing one member with cutting the threshold to 0.6 so two votes that have never differed control everything. If the question is who should sit on the Board, ask that directly — don’t relabel a 2–1–1 vote as an emergency.\u003c/p\u003e","post_number":21,"post_type":1,"posts_count":57,"updated_at":"2026-10-17T14:55:13.492Z","reply_count":0,"reply_to_post_number":null,"quote_count":0,"incoming_link_count":6,"reads":19,"readers_count":18,"score":63.8,"yours":false,"topic_id":47,"topic_slug":"phoenix-foundation-appointment-of-an-emergency-supervisor","display_username":"Cordt","primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":4,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"link_counts":[{"url":"https://cdn.jsdelivr.net/gh/phoenix-directive/docs@main/Phoenix%20Foundation%20-%20Bylaws.pdf#page=30","internal":false,"reflection":false,"clicks":1},{"url":"https://cdn.jsdelivr.net/gh/phoenix-directive/docs@main/Phoenix%20Foundation%20-%20Bylaws.pdf#page=12","internal":false,"reflection":false,"clicks":0},{"url":"https://cdn.jsdelivr.net/gh/phoenix-directive/docs@main/Phoenix%20Foundation%20-%20Bylaws.pdf#page=20","internal":false,"reflection":false,"clicks":0},{"url":"https://cdn.jsdelivr.net/gh/phoenix-directive/docs@main/Phoenix%20Foundation%20-%20Bylaws.pdf#page=23","internal":false,"reflection":false,"clicks":0},{"url":"https://cdn.jsdelivr.net/gh/phoenix-directive/docs@main/Phoenix%20Foundation%20-%20Bylaws.pdf#page=11","internal":false,"reflection":false,"clicks":0},{"url":"https://cdn.jsdelivr.net/gh/phoenix-directive/docs@main/Phoenix%20Foundation%20-%20Bylaws.pdf#page=15","internal":false,"reflection":false,"clicks":0},{"url":"https://cdn.jsdelivr.net/gh/phoenix-directive/docs@main/Phoenix%20Foundation%20-%20Bylaws.pdf#page=9","internal":false,"reflection":false,"clicks":0},{"url":"https://cdn.jsdelivr.net/gh/phoenix-directive/docs@main/Phoenix%20Foundation%20-%20Bylaws.pdf#page=10","internal":false,"reflection":false,"clicks":0}],"read":true,"user_title":"","bookmarked":false,"actions_summary":[{"id":2,"count":2}],"moderator":false,"admin":false,"staff":false,"user_id":80,"hidden":false,"trust_level":1,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"user_suspended":true,"post_url":"/t/phoenix-foundation-appointment-of-an-emergency-supervisor/47/21","reactions":[{"id":"heart","type":"emoji","count":2}],"current_user_reaction":null,"reaction_users_count":2,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":160,"name":null,"username":"defi_patriot","avatar_template":"/user_avatar/forum.phoenix.money/defi_patriot/{size}/79_2.png","created_at":"2026-10-17T15:35:30.320Z","cooked":"\u003cp\u003eTaking Philipp’s own framing at face value: if A272 is an informational notice and nothing more, then the binding terms who the supervisor is, how many, how they’re selected, the scope, the duration, the pay, and what happens at the end. Are governance’s to set when the on-chain text is published. That’s the only thing I’ve been asking for, and on that we now seem to agree.\u003c/p\u003e\n\u003cp\u003eOn the structure, I’m with David. 2.5.1 contemplates a board that can actually make decisions, and whatever governance ends up appointing, it should leave PF with an odd number of decision-makers 5 or 7 and a proper compliance review behind it. Those are the kind of specifics that belong in the on-chain text rather than in a thread.\u003c/p\u003e\n\u003cp\u003eI’ll leave the thread there. I’ll read the on-chain text when it’s posted and vote on it like everyone else.\u003c/p\u003e","post_number":22,"post_type":1,"posts_count":57,"updated_at":"2026-10-17T15:35:30.320Z","reply_count":0,"reply_to_post_number":null,"quote_count":0,"incoming_link_count":1,"reads":16,"readers_count":15,"score":23.2,"yours":false,"topic_id":47,"topic_slug":"phoenix-foundation-appointment-of-an-emergency-supervisor","display_username":null,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":1,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"read":true,"user_title":null,"bookmarked":false,"actions_summary":[{"id":2,"count":1}],"moderator":false,"admin":false,"staff":false,"user_id":4,"hidden":false,"trust_level":1,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/phoenix-foundation-appointment-of-an-emergency-supervisor/47/22","reactions":[{"id":"heart","type":"emoji","count":1}],"current_user_reaction":null,"reaction_users_count":1,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":162,"name":null,"username":"0xPhilipp","avatar_template":"/user_avatar/forum.phoenix.money/0xphilipp/{size}/7_2.png","created_at":"2026-10-19T00:17:31.587Z","cooked":"\u003caside class=\"quote no-group\" data-username=\"vini\" data-post=\"3\" data-topic=\"47\"\u003e\n\u003cdiv class=\"title\"\u003e\n\u003cdiv class=\"quote-controls\"\u003e\u003c/div\u003e\n\u003cimg alt=\"\" width=\"24\" height=\"24\" src=\"https://forum.phoenix.money/letter_avatar_proxy/v4/letter/v/c77e96/48.png\" class=\"avatar\"\u003e vini:\u003c/div\u003e\n\u003cblockquote\u003e\n\u003cp\u003e\u003cstrong\u003e4. The bylaws already provide a standing referee that PF has never appointed.\u003c/strong\u003e Art. 2.5.1: “The BORG shall at all times have a supervisor… able and willing to supervise the management of the BORG.” The Emergency Supervisor in Art. 2.6.1 is described as an “additional” Supervisor.\u003c/p\u003e\n\u003c/blockquote\u003e\n\u003c/aside\u003e\n\u003cp\u003eBased on our articles of incorporation \u003cstrong\u003ea supervisor\u003c/strong\u003e \u003cstrong\u003ehas been set\u003c/strong\u003e, so let’s not make up stuff.\u003c/p\u003e","post_number":23,"post_type":1,"posts_count":57,"updated_at":"2026-10-19T00:17:31.587Z","reply_count":1,"reply_to_post_number":3,"quote_count":1,"incoming_link_count":2,"reads":15,"readers_count":14,"score":18.0,"yours":false,"topic_id":47,"topic_slug":"phoenix-foundation-appointment-of-an-emergency-supervisor","display_username":null,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":1,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"read":true,"user_title":null,"bookmarked":false,"actions_summary":[],"moderator":true,"admin":true,"staff":true,"user_id":3,"hidden":false,"trust_level":2,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/phoenix-foundation-appointment-of-an-emergency-supervisor/47/23","reactions":[],"current_user_reaction":null,"reaction_users_count":0,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":163,"name":"Cordt","username":"MaxP","avatar_template":"/user_avatar/forum.phoenix.money/maxp/{size}/81_2.png","created_at":"2026-10-19T01:39:40.824Z","cooked":"\u003cp\u003ePlease focus on addressing the points I have raised, as they are all very relevant to this issue, and many are quite serious.\u003cbr\u003e\nYou will have plenty of time to publicly attack your colleagues’ character over the coming days/weeks.\u003c/p\u003e","post_number":24,"post_type":1,"posts_count":57,"updated_at":"2026-10-19T01:39:40.824Z","reply_count":1,"reply_to_post_number":23,"quote_count":0,"incoming_link_count":2,"reads":15,"readers_count":14,"score":18.0,"yours":false,"topic_id":47,"topic_slug":"phoenix-foundation-appointment-of-an-emergency-supervisor","display_username":"Cordt","primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":1,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"read":true,"user_title":"","reply_to_user":{"id":3,"username":"0xPhilipp","name":null,"avatar_template":"/user_avatar/forum.phoenix.money/0xphilipp/{size}/7_2.png"},"bookmarked":false,"actions_summary":[],"moderator":false,"admin":false,"staff":false,"user_id":80,"hidden":false,"trust_level":1,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"user_suspended":true,"post_url":"/t/phoenix-foundation-appointment-of-an-emergency-supervisor/47/24","reactions":[],"current_user_reaction":null,"reaction_users_count":0,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":164,"name":null,"username":"0xPhilipp","avatar_template":"/user_avatar/forum.phoenix.money/0xphilipp/{size}/7_2.png","created_at":"2026-10-19T02:12:19.979Z","cooked":"\u003caside class=\"quote no-group\" data-username=\"MaxP\" data-post=\"24\" data-topic=\"47\"\u003e\n\u003cdiv class=\"title\"\u003e\n\u003cdiv class=\"quote-controls\"\u003e\u003c/div\u003e\n\u003cimg alt=\"\" width=\"24\" height=\"24\" src=\"https://forum.phoenix.money/user_avatar/forum.phoenix.money/maxp/48/81_2.png\" class=\"avatar\"\u003e MaxP:\u003c/div\u003e\n\u003cblockquote\u003e\n\u003cp\u003eYou will have plenty of time to publicly attack your colleagues’ character over the coming days/weeks.\u003c/p\u003e\n\u003c/blockquote\u003e\n\u003c/aside\u003e\n\u003cp\u003eCorrecting a factually inaccurate statement about PF’s governance structure for readers is not a personal attack.\u003c/p\u003e\n\u003cp\u003eIt’s rather ironic that you accuse me of attacking people’s character when your own post makes much more explicit unbased personal accusations, including claims of “disingenuous conduct,” a “witch hunt,” and a “personal desire for more power.”\u003c/p\u003e\n\u003cp\u003eI would also remind you of Terra’s \u003ca href=\"https://github.com/phoenix-directive/core/blob/release/v2.20/CODE_OF_CONDUCT.md\"\u003eCode of Conduct\u003c/a\u003e and \u003ca href=\"https://terra-money.notion.site/Community-Guidelines-a8f707de0b7d4164922452d53a49cbbf\"\u003eCommunity Guidelines\u003c/a\u003e, which emphasize respectful discussion, constructive criticism supported by evidence, and avoiding personal attacks.\u003c/p\u003e\n\u003caside class=\"quote no-group\" data-username=\"MaxP\" data-post=\"24\" data-topic=\"47\"\u003e\n\u003cdiv class=\"title\"\u003e\n\u003cdiv class=\"quote-controls\"\u003e\u003c/div\u003e\n\u003cimg alt=\"\" width=\"24\" height=\"24\" src=\"https://forum.phoenix.money/user_avatar/forum.phoenix.money/maxp/48/81_2.png\" class=\"avatar\"\u003e MaxP:\u003c/div\u003e\n\u003cblockquote\u003e\n\u003cp\u003ePlease focus on addressing the points I have raised, as they are all very relevant to this issue, and many are quite serious.\u003c/p\u003e\n\u003c/blockquote\u003e\n\u003c/aside\u003e\n\u003cp\u003eAs for your lengthy post, most of your points are either irrelevant to this proposal or based on your own incorrect interpretations of the Bylaws. I see little value in engaging with a series of misrepresentations that distract from the actual purpose of appointing an independent Emergency Supervisor.\u003c/p\u003e","post_number":25,"post_type":1,"posts_count":57,"updated_at":"2026-10-19T02:13:57.758Z","reply_count":1,"reply_to_post_number":24,"quote_count":1,"incoming_link_count":1,"reads":16,"readers_count":15,"score":43.2,"yours":false,"topic_id":47,"topic_slug":"phoenix-foundation-appointment-of-an-emergency-supervisor","display_username":null,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":1,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"link_counts":[{"url":"https://github.com/phoenix-directive/core/blob/release/v2.20/CODE_OF_CONDUCT.md","internal":false,"reflection":false,"title":"core/CODE_OF_CONDUCT.md at release/v2.20 · phoenix-directive/core · GitHub","clicks":1},{"url":"https://terra-money.notion.site/Community-Guidelines-a8f707de0b7d4164922452d53a49cbbf","internal":false,"reflection":false,"title":"Notion","clicks":1}],"read":true,"user_title":null,"bookmarked":false,"actions_summary":[{"id":2,"count":2}],"moderator":true,"admin":true,"staff":true,"user_id":3,"hidden":false,"trust_level":2,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/phoenix-foundation-appointment-of-an-emergency-supervisor/47/25","reactions":[{"id":"+1","type":"emoji","count":1},{"id":"heart","type":"emoji","count":1}],"current_user_reaction":null,"reaction_users_count":2,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":165,"name":null,"username":"Rarma","avatar_template":"/letter_avatar_proxy/v4/letter/r/3bc359/{size}.png","created_at":"2026-10-19T03:10:10.204Z","cooked":"\u003cp\u003e\u003ca class=\"mention\" href=\"/u/0xphilipp\"\u003e@0xPhilipp\u003c/a\u003e, two of your replies answer the same point differently: Vini’s point 4 in \u003ca href=\"https://forum.phoenix.money/t/47/3\"\u003epost 3\u003c/a\u003e, that PF has never appointed the Article 2.5.1 Supervisor.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003e1. The standing Supervisor\u003c/strong\u003e\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003e\u003ca href=\"https://forum.phoenix.money/t/47/5\"\u003ePost 5\u003c/a\u003e (16 Oct, 08:28 UTC): “the missing standing Supervisor is a separate governance issue”. You edited post 5 at 08:33 and kept this line.\u003c/li\u003e\n\u003cli\u003e\u003ca href=\"https://forum.phoenix.money/t/47/23\"\u003ePost 23\u003c/a\u003e (19 Oct, 00:17 UTC): “Based on our articles of incorporation a supervisor has been set”, followed by “let’s not make up stuff”.\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e\u003cstrong\u003eQuestions\u003c/strong\u003e\u003c/p\u003e\n\u003col\u003e\n\u003cli\u003eWho is the Supervisor, and can the part of the Charter that names them be shared?\u003c/li\u003e\n\u003cli\u003eWhen were they appointed, and have they accepted the role (Article 2.5.4)?\u003c/li\u003e\n\u003cli\u003eAre they able and willing to supervise the Foundation’s management now, as Article 2.5.1 requires?\u003c/li\u003e\n\u003cli\u003eOn 16 October, was the standing Supervisor missing, as post 5 says, or in place, as post 23 says?\u003c/li\u003e\n\u003cli\u003eIf a Supervisor is in place, has A272 been referred to them, and what was their view?\u003c/li\u003e\n\u003c/ol\u003e\n\u003cp\u003eArticle 2.5.2 gives the Supervisor the duty to ensure the Foundation’s rules are enforced and the right to demand information from it and its Directors. The community should know if filled, who holds that role before voting on an Emergency Supervisor.\u003c/p\u003e","post_number":26,"post_type":1,"posts_count":57,"updated_at":"2026-10-19T03:10:10.204Z","reply_count":1,"reply_to_post_number":null,"quote_count":0,"incoming_link_count":0,"reads":14,"readers_count":13,"score":7.8,"yours":false,"topic_id":47,"topic_slug":"phoenix-foundation-appointment-of-an-emergency-supervisor","display_username":null,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":1,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"read":true,"user_title":null,"bookmarked":false,"actions_summary":[],"moderator":false,"admin":false,"staff":false,"user_id":78,"hidden":false,"trust_level":1,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/phoenix-foundation-appointment-of-an-emergency-supervisor/47/26","reactions":[],"current_user_reaction":null,"reaction_users_count":0,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":166,"name":null,"username":"Rarma","avatar_template":"/letter_avatar_proxy/v4/letter/r/3bc359/{size}.png","created_at":"2026-10-19T03:22:35.280Z","cooked":"\u003cp\u003e\u003ca class=\"mention\" href=\"/u/rose\"\u003e@rose\u003c/a\u003e and \u003ca class=\"mention\" href=\"/u/mbaejir\"\u003e@mbaejir\u003c/a\u003e, this thread has Philipp’s statements about where you stand, but nothing from either of you yet:\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003e\u003ca href=\"https://forum.phoenix.money/t/47/1\"\u003ePost 1\u003c/a\u003e: the candidates “have been acknowledged as potential candidates by three of the four current Stewardship Directors”.\u003c/li\u003e\n\u003cli\u003e\u003ca href=\"https://forum.phoenix.money/t/47/13\"\u003ePost 13\u003c/a\u003e: other PF members “agreed with the options being put forward”.\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003eCould you each say, in your own words:\u003c/p\u003e\n\u003col\u003e\n\u003cli\u003eDo you support Ray Raspberry and Martin as candidates?\u003c/li\u003e\n\u003cli\u003eDo you support the proposal as it now reads, including item 1’s “serious Stewardship dysfunction”?\u003c/li\u003e\n\u003cli\u003ePost 23 says “a supervisor has been set”. Who is it? (The questions are in \u003ca href=\"https://forum.phoenix.money/t/47/26\"\u003epost 26\u003c/a\u003e.)\u003c/li\u003e\n\u003c/ol\u003e\n\u003cp\u003e\u003ca class=\"mention\" href=\"/u/vini\"\u003e@vini\u003c/a\u003e, post 3 doesn’t give your view on the two candidates. Could you add it?\u003c/p\u003e\n\u003cp\u003eI’m only asking for your own positions, not internal deliberations, which Article 5.1(d) treats as confidential unless the Board decides otherwise. Post 1 asks the Emergency Supervisor to “hear from all four Directors”. Terra Governance voters should be able to do the same before they vote.\u003c/p\u003e","post_number":27,"post_type":1,"posts_count":57,"updated_at":"2026-10-19T03:22:35.280Z","reply_count":3,"reply_to_post_number":null,"quote_count":0,"incoming_link_count":0,"reads":14,"readers_count":13,"score":17.8,"yours":false,"topic_id":47,"topic_slug":"phoenix-foundation-appointment-of-an-emergency-supervisor","display_username":null,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":1,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"read":true,"user_title":null,"bookmarked":false,"actions_summary":[],"moderator":false,"admin":false,"staff":false,"user_id":78,"hidden":false,"trust_level":1,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/phoenix-foundation-appointment-of-an-emergency-supervisor/47/27","reactions":[],"current_user_reaction":null,"reaction_users_count":0,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":167,"name":null,"username":"0xPhilipp","avatar_template":"/user_avatar/forum.phoenix.money/0xphilipp/{size}/7_2.png","created_at":"2026-10-19T03:28:18.949Z","cooked":"\u003cp\u003eThere is no contradiction. On 16 October, I had not yet verified the position and treated it as a separate issue. After Vini raised it, we checked the corporate documents and confirmed that a standing Supervisor was appointed under the Articles from incorporation. My second message just makes sure the community is informed that bylaws are being followed properly.\u003c/p\u003e\n\u003cp\u003eI’m not going to publish non-public corporate details beyond that. The standing Cayman-law Supervisor is also separate from the Emergency Supervisor process under the Bylaws.\u003c/p\u003e","post_number":28,"post_type":1,"posts_count":57,"updated_at":"2026-10-19T04:27:21.237Z","reply_count":1,"reply_to_post_number":26,"quote_count":0,"incoming_link_count":0,"reads":15,"readers_count":14,"score":8.0,"yours":false,"topic_id":47,"topic_slug":"phoenix-foundation-appointment-of-an-emergency-supervisor","display_username":null,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":3,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"read":true,"user_title":null,"reply_to_user":{"id":78,"username":"Rarma","name":null,"avatar_template":"/letter_avatar_proxy/v4/letter/r/3bc359/{size}.png"},"bookmarked":false,"actions_summary":[],"moderator":true,"admin":true,"staff":true,"user_id":3,"hidden":false,"trust_level":2,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/phoenix-foundation-appointment-of-an-emergency-supervisor/47/28","reactions":[],"current_user_reaction":null,"reaction_users_count":0,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":168,"name":"Vini | SCV-Security, PD","username":"vini","avatar_template":"/letter_avatar_proxy/v4/letter/v/c77e96/{size}.png","created_at":"2026-10-19T04:30:06.364Z","cooked":"\u003caside class=\"quote no-group\" data-username=\"Rarma\" data-post=\"27\" data-topic=\"47\"\u003e\n\u003cdiv class=\"title\"\u003e\n\u003cdiv class=\"quote-controls\"\u003e\u003c/div\u003e\n\u003cimg alt=\"\" width=\"24\" height=\"24\" src=\"https://forum.phoenix.money/letter_avatar_proxy/v4/letter/r/3bc359/48.png\" class=\"avatar\"\u003e Rarma:\u003c/div\u003e\n\u003cblockquote\u003e\n\u003cp\u003e\u003ca class=\"mention\" href=\"/u/vini\"\u003e@vini\u003c/a\u003e, post 3 doesn’t give your view on the two candidates. Could you add it?\u003c/p\u003e\n\u003c/blockquote\u003e\n\u003c/aside\u003e\n\u003cp\u003eThank you \u003ca class=\"mention\" href=\"/u/rarma\"\u003e@Rarma\u003c/a\u003e! I have no objection to either Ray or Martin \u003cstrong\u003eif they meet the criteria\u003c/strong\u003e. I trust that whoever is appointed will look at the full context fairly.\u003c/p\u003e","post_number":29,"post_type":1,"posts_count":57,"updated_at":"2026-10-19T07:46:10.858Z","reply_count":0,"reply_to_post_number":27,"quote_count":1,"incoming_link_count":0,"reads":17,"readers_count":16,"score":3.4,"yours":false,"topic_id":47,"topic_slug":"phoenix-foundation-appointment-of-an-emergency-supervisor","display_username":"Vini | SCV-Security, PD","primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":2,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"read":true,"user_title":"","bookmarked":false,"actions_summary":[],"moderator":true,"admin":true,"staff":true,"user_id":1,"hidden":false,"trust_level":1,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/phoenix-foundation-appointment-of-an-emergency-supervisor/47/29","reactions":[],"current_user_reaction":null,"reaction_users_count":0,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":169,"name":null,"username":"rose","avatar_template":"/user_avatar/forum.phoenix.money/rose/{size}/10_2.png","created_at":"2026-10-19T05:47:03.976Z","cooked":"\u003cp\u003eHi all,\u003c/p\u003e\n\u003cp\u003eGiven community questions about A272, I want to explain why I voted no and where I stand as a Phoenix Foundation Director.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eGovernance and due process\u003c/strong\u003e\u003cbr\u003e\nThe Foundation is governed by Cayman Islands law, its Articles of Association and its Bylaws. Both governing documents contain provisions relevant to director removal, and I have not seen a clear explanation of how A272 is consistent with these provisions taken together. I believe independent Cayman legal clarification should form part of any process addressing director removal.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eChecks and balances\u003c/strong\u003e\u003cbr\u003e\nA272 would have removed a director and reduced the Stewardship multisig from 3-of-4 to 2-of-3, allowing just two directors to authorise actions within its authority. I consider this a significant weakening of our safeguards and favour expanding the multisig rather than concentrating control.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eThe allegations\u003c/strong\u003e\u003cbr\u003e\nI do not accept the allegations as presented or believe they justify removal. This doesn’t mean our procedures have been perfect. Responsibilities, conflicts of interest and accountability all warrant clearer, more consistently applied standards.\u003c/p\u003e\n\u003cp\u003eStrategic disagreements and procedural shortcomings should be assessed fairly, with evidence, established standards and an opportunity to respond.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eThe existing Supervisor\u003c/strong\u003e\u003cbr\u003e\nThe Articles identify an Initial Supervisor. I have contacted parties associated with the initial appointment to confirm whether it remains current and seek clarification on available oversight mechanisms. This should be clarified as part of considering any emergency arrangement.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eAdverse Event and independent review\u003c/strong\u003e\u003cbr\u003e\nI do not believe a failed vote alone establishes an Adverse Event, but I recognise the serious disagreements within the Board and the risk of ongoing dysfunction.\u003c/p\u003e\n\u003cp\u003eI support an independent review to establish the facts and identify a constructive path forward, whether through an Emergency Supervisor or another appropriate mechanism.\u003c/p\u003e\n\u003cp\u003eAny appointment process should establish a clear legal basis, defined powers and safeguards, without predetermining findings or removal. The appointee should be independent, have appropriate legal and corporate governance expertise, and no material conflicts of interest involving the directors or Terra ecosystem teams.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eMoving forward\u003c/strong\u003e\u003cbr\u003e\nI remain committed to a resolution that respects our governing documents and protects the Foundation, its treasury, and the Terra blockchain.\u003c/p\u003e\n\u003cp\u003eAlongside my No vote, I shared a working proposal outlining a possible path forward. It was offered as a starting point for collaboration, not a finished solution, and I remain open to other approaches.\u003c/p\u003e\n\u003cp\u003eMy vote against A272 reflects my belief that decisions of this significance must be based on substantiated evidence, fair process and proportionate action, while preserving the checks and balances that protect the Foundation.\u003c/p\u003e","post_number":30,"post_type":1,"posts_count":57,"updated_at":"2026-10-19T05:47:03.976Z","reply_count":0,"reply_to_post_number":null,"quote_count":0,"incoming_link_count":22,"reads":17,"readers_count":16,"score":128.4,"yours":false,"topic_id":47,"topic_slug":"phoenix-foundation-appointment-of-an-emergency-supervisor","display_username":null,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":1,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"read":true,"user_title":null,"bookmarked":false,"actions_summary":[{"id":2,"count":1}],"moderator":true,"admin":true,"staff":true,"user_id":7,"hidden":false,"trust_level":2,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/phoenix-foundation-appointment-of-an-emergency-supervisor/47/30","reactions":[{"id":"heart","type":"emoji","count":1}],"current_user_reaction":null,"reaction_users_count":1,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":170,"name":null,"username":"rose","avatar_template":"/user_avatar/forum.phoenix.money/rose/{size}/10_2.png","created_at":"2026-10-19T05:50:44.711Z","cooked":"\u003cp\u003eHi Rarma,\u003c/p\u003e\n\u003cp\u003eWhen Ray and Martin were first suggested, I didn’t have significant objections, and I’m not ruling either out now. However, having looked more closely at the legal and governance questions involved, I think the appointment should be approached with careful consideration. My preference would be someone with relevant legal and corporate governance experience, ideally familiar with Cayman Islands law, though I’m open to other suitably qualified, independent candidates.\u003c/p\u003e\n\u003cp\u003eAs for the current supervisor, the Foundation’s Articles identify an Initial Supervisor, but I’m awaiting their response to confirm whether that appointment remains current. As the Articles haven’t been published, I’d prefer to clarify what information can appropriately be shared before naming them publicly.\u003c/p\u003e","post_number":31,"post_type":1,"posts_count":57,"updated_at":"2026-10-19T06:24:29.210Z","reply_count":0,"reply_to_post_number":27,"quote_count":0,"incoming_link_count":3,"reads":16,"readers_count":15,"score":18.2,"yours":false,"topic_id":47,"topic_slug":"phoenix-foundation-appointment-of-an-emergency-supervisor","display_username":null,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":2,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"read":true,"user_title":null,"reply_to_user":{"id":78,"username":"Rarma","name":null,"avatar_template":"/letter_avatar_proxy/v4/letter/r/3bc359/{size}.png"},"bookmarked":false,"actions_summary":[],"moderator":true,"admin":true,"staff":true,"user_id":7,"hidden":false,"trust_level":2,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/phoenix-foundation-appointment-of-an-emergency-supervisor/47/31","reactions":[],"current_user_reaction":null,"reaction_users_count":0,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":171,"name":null,"username":"Rarma","avatar_template":"/letter_avatar_proxy/v4/letter/r/3bc359/{size}.png","created_at":"2026-10-19T06:17:14.493Z","cooked":"\u003cp\u003e\u003ca class=\"mention\" href=\"/u/0xphilipp\"\u003e@0xPhilipp\u003c/a\u003e, thanks for checking. So post 5’s “missing standing Supervisor” was unverified, and your position is that a Supervisor was appointed under the Articles at incorporation (11 October 2024). Rose has since written that “The Articles identify an Initial Supervisor” and that she is checking “whether it remains current” (post 30). She has also asked whether the Articles should be shared before the community decides (post 31).\u003c/p\u003e\n\u003cp\u003eOn the two roles being separate, the Bylaws connect them:\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003eUnder 2.5.2, the Supervisor “shall also have” whatever powers Cayman law gives a supervisor, on top of its Bylaws duties. Subject to the Bylaws’ limits, it must “ensure that the BORG’s rules are enforced”, can hold BORG Personnel liable for an Adverse Event they cause, and can demand information from the Foundation and its Directors with reasonable notice.\u003c/li\u003e\n\u003cli\u003e2.6.1 calls Emergency Supervisors “additional Supervisors”. The appointment routes differ, and both roles can act on an Adverse Event (2.5.2 and 2.6.2).\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003eTo be fair, the Bylaws don’t require the standing Supervisor to act first, and none of this needs to delay a review of the underlying issues.\u003c/p\u003e\n\u003cp\u003eYour edit says your second message was to make sure “bylaws are being followed properly”. These can all be answered without publishing a name:\u003c/p\u003e\n\u003col\u003e\n\u003cli\u003eDid your check confirm the Supervisor is still in office, and that they are the Supervisor for Article 2.5?\u003c/li\u003e\n\u003cli\u003eHas A272, or the Adverse Event in item 1, been referred to them? If not, why not?\u003c/li\u003e\n\u003cli\u003eAre they independent of all four Directors?\u003c/li\u003e\n\u003cli\u003eWho checked the documents, and have all four Directors seen them?\u003c/li\u003e\n\u003cli\u003eIs the decision not to publish, a Board decision under Article 5.1(a), or your own? (Under 3.1.1.2, no single Director can act for the Board. This goes for you too \u003ca class=\"mention\" href=\"/u/rose\"\u003e@rose\u003c/a\u003e, before you post anything without broader Board agreement)\u003c/li\u003e\n\u003c/ol\u003e\n\u003cp\u003e2.6.1 allows an Emergency Supervisor “solely to the extent necessary or desirable”, so voters should know whether the existing Supervisor has been used before they appoint an additional one.\u003c/p\u003e","post_number":32,"post_type":1,"posts_count":57,"updated_at":"2026-10-19T06:17:14.493Z","reply_count":1,"reply_to_post_number":28,"quote_count":0,"incoming_link_count":0,"reads":16,"readers_count":15,"score":8.2,"yours":false,"topic_id":47,"topic_slug":"phoenix-foundation-appointment-of-an-emergency-supervisor","display_username":null,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":1,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"read":true,"user_title":null,"reply_to_user":{"id":3,"username":"0xPhilipp","name":null,"avatar_template":"/user_avatar/forum.phoenix.money/0xphilipp/{size}/7_2.png"},"bookmarked":false,"actions_summary":[],"moderator":false,"admin":false,"staff":false,"user_id":78,"hidden":false,"trust_level":1,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/phoenix-foundation-appointment-of-an-emergency-supervisor/47/32","reactions":[],"current_user_reaction":null,"reaction_users_count":0,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":172,"name":null,"username":"0xPhilipp","avatar_template":"/user_avatar/forum.phoenix.money/0xphilipp/{size}/7_2.png","created_at":"2026-10-19T06:36:38.625Z","cooked":"\u003cp\u003eThere is a clear misconception about the role of the standing Supervisor.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eStanding Supervisor = ongoing compliance/enforcement oversight.\u003c/strong\u003e\u003cbr\u003e\n\u003cstrong\u003eEmergency Supervisor = temporary investigator/remedial authority for a specific Adverse Event.\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eThe standing Supervisor is not required to investigate or adjudicate this dispute, and their approval is not a prerequisite to appointing an Emergency Supervisor. The Emergency Supervisor is the role specifically designed to independently investigate the Adverse Event and determine the appropriate remedy.\u003c/p\u003e\n\u003cp\u003eAt this point, you are trying to conduct that investigation yourself, but that is exactly what the independent Emergency Supervisor is for.\u003c/p\u003e\n\u003cp\u003eThe reviewer can receive the full legal documents, evidence and context. I’m not going to litigate this through endless forum questions or disclose non-public corporate material to individual users. If you want to apply as \u003cstrong\u003eindependent\u003c/strong\u003e Emergency Supervisor, apply. Otherwise, let the independent reviewer do the job.\u003c/p\u003e","post_number":33,"post_type":1,"posts_count":57,"updated_at":"2026-10-19T06:36:38.625Z","reply_count":0,"reply_to_post_number":32,"quote_count":0,"incoming_link_count":0,"reads":16,"readers_count":15,"score":3.2,"yours":false,"topic_id":47,"topic_slug":"phoenix-foundation-appointment-of-an-emergency-supervisor","display_username":null,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":1,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"read":true,"user_title":null,"reply_to_user":{"id":78,"username":"Rarma","name":null,"avatar_template":"/letter_avatar_proxy/v4/letter/r/3bc359/{size}.png"},"bookmarked":false,"actions_summary":[],"moderator":true,"admin":true,"staff":true,"user_id":3,"hidden":false,"trust_level":2,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/phoenix-foundation-appointment-of-an-emergency-supervisor/47/33","reactions":[],"current_user_reaction":null,"reaction_users_count":0,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":173,"name":null,"username":"BananaMan","avatar_template":"/letter_avatar_proxy/v4/letter/b/b77776/{size}.png","created_at":"2026-10-19T06:59:07.915Z","cooked":"\u003cp\u003eHello Lunatics, I fully agree with Maxs assessment. A proposal failing to reach the required voting threshold does not constitute a governance emergency. That’s precisely how things supposed to work.\u003c/p\u003e\n\u003cp\u003eChanging the rules simply because the original outcome wasn’t favorable sets a dangerous precedent.\u003c/p\u003e\n\u003cp\u003eIf there is a genuine adverse event, it should be demonstrated with clear evidence and addressed strictly within the existing bylaws.\u003c/p\u003e\n\u003cp\u003eGovernance rules cannot be respected only when they produce the desired outcome. Terra does not need  further concentration of power disguised as an emergency.\u003c/p\u003e","post_number":34,"post_type":1,"posts_count":57,"updated_at":"2026-10-19T06:59:07.915Z","reply_count":1,"reply_to_post_number":null,"quote_count":0,"incoming_link_count":2,"reads":17,"readers_count":16,"score":18.4,"yours":false,"topic_id":47,"topic_slug":"phoenix-foundation-appointment-of-an-emergency-supervisor","display_username":null,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":1,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"read":true,"user_title":null,"bookmarked":false,"actions_summary":[],"moderator":false,"admin":false,"staff":false,"user_id":82,"hidden":false,"trust_level":1,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/phoenix-foundation-appointment-of-an-emergency-supervisor/47/34","reactions":[],"current_user_reaction":null,"reaction_users_count":0,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":174,"name":null,"username":"mbaejir","avatar_template":"/letter_avatar_proxy/v4/letter/m/bb73d2/{size}.png","created_at":"2026-10-19T07:01:24.754Z","cooked":"\u003cp\u003eI do support Ray Raspberry and Martin as candidates. 3 of 4 directors participated in this process to identify and consider candidates. All 3 directors agreed on their suitability and putting these candidates forward for the community to choose.\u003c/p\u003e\n\u003cp\u003eYes, there is serious stewardship dysfunction existing and the circumstances definitely meets our bylaws definition of an adverse event. I support this proposal and its goal, in line with our bylaws, requesting the community to help select one of the candidates identified as our independent emergency supervisory to resolve this impasse.\u003c/p\u003e","post_number":35,"post_type":1,"posts_count":57,"updated_at":"2026-10-19T07:01:24.754Z","reply_count":0,"reply_to_post_number":27,"quote_count":0,"incoming_link_count":3,"reads":18,"readers_count":17,"score":33.6,"yours":false,"topic_id":47,"topic_slug":"phoenix-foundation-appointment-of-an-emergency-supervisor","display_username":null,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":1,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"read":true,"user_title":null,"reply_to_user":{"id":78,"username":"Rarma","name":null,"avatar_template":"/letter_avatar_proxy/v4/letter/r/3bc359/{size}.png"},"bookmarked":false,"actions_summary":[{"id":2,"count":1}],"moderator":false,"admin":false,"staff":false,"user_id":16,"hidden":false,"trust_level":1,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/phoenix-foundation-appointment-of-an-emergency-supervisor/47/35","reactions":[{"id":"heart","type":"emoji","count":1}],"current_user_reaction":null,"reaction_users_count":1,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":175,"name":null,"username":"Rebel_Defi","avatar_template":"/user_avatar/forum.phoenix.money/rebel_defi/{size}/9_2.png","created_at":"2026-10-19T07:44:01.593Z","cooked":"\u003cp\u003eAre you not at all concerned by the concerns raised in prop A272?\u003c/p\u003e\n\u003caside class=\"onebox allowlistedgeneric\" data-onebox-src=\"https://daodao.zone/dao/terra1k8ug6dkzntczfzn76wsh24tdjmx944yj6mk063wum7n20cwd7lxq4lppjg/proposals/A272\"\u003e\n  \u003cheader class=\"source\"\u003e\n      \u003cimg src=\"https://forum.phoenix.money/uploads/default/original/1X/b93f02e9c5051e8bc5a8695c37109c01589db68c.png\" class=\"site-icon\" alt=\"\" data-dominant-color=\"797979\" width=\"500\" height=\"500\"\u003e\n\n      \u003ca href=\"https://daodao.zone/dao/terra1k8ug6dkzntczfzn76wsh24tdjmx944yj6mk063wum7n20cwd7lxq4lppjg/proposals/A272\" target=\"_blank\" rel=\"noopener nofollow ugc\"\u003edaodao.zone\u003c/a\u003e\n  \u003c/header\u003e\n\n  \u003carticle class=\"onebox-body\"\u003e\n    \n\n\u003ch3\u003e\u003ca href=\"https://daodao.zone/dao/terra1k8ug6dkzntczfzn76wsh24tdjmx944yj6mk063wum7n20cwd7lxq4lppjg/proposals/A272\" target=\"_blank\" rel=\"noopener nofollow ugc\"\u003eDAO DAO\u003c/a\u003e\u003c/h3\u003e\n\n  \u003cp\u003eCreate a DAO to manage your community, protocol, or entire blockchain in just a few clicks. We support multisig, token-based, and NFT-based DAOs that can be as simple or complex as you want. Set up SubDAOs, manage interchain assets, and interact with...\u003c/p\u003e\n\n\n  \u003c/article\u003e\n\n  \u003cdiv class=\"onebox-metadata\"\u003e\n    \n    \n  \u003c/div\u003e\n\n  \u003cdiv style=\"clear: both\"\u003e\u003c/div\u003e\n\u003c/aside\u003e\n","post_number":36,"post_type":1,"posts_count":57,"updated_at":"2026-10-19T07:44:01.593Z","reply_count":0,"reply_to_post_number":34,"quote_count":0,"incoming_link_count":0,"reads":18,"readers_count":17,"score":3.6,"yours":false,"topic_id":47,"topic_slug":"phoenix-foundation-appointment-of-an-emergency-supervisor","display_username":null,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":1,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"link_counts":[{"url":"https://daodao.zone/dao/terra1k8ug6dkzntczfzn76wsh24tdjmx944yj6mk063wum7n20cwd7lxq4lppjg/proposals/A272","internal":false,"reflection":false,"title":"DAO DAO","clicks":2}],"read":true,"user_title":null,"reply_to_user":{"id":82,"username":"BananaMan","name":null,"avatar_template":"/letter_avatar_proxy/v4/letter/b/b77776/{size}.png"},"bookmarked":false,"actions_summary":[],"moderator":false,"admin":false,"staff":false,"user_id":2,"hidden":false,"trust_level":1,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/phoenix-foundation-appointment-of-an-emergency-supervisor/47/36","reactions":[],"current_user_reaction":null,"reaction_users_count":0,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":176,"name":null,"username":"Rarma","avatar_template":"/letter_avatar_proxy/v4/letter/r/3bc359/{size}.png","created_at":"2026-10-19T08:29:50.014Z","cooked":"\u003cp\u003e\u003ca class=\"mention\" href=\"/u/0xphilipp\"\u003e@0xPhilipp\u003c/a\u003e, yes: “Standing Supervisor = ongoing compliance/enforcement oversight.” That is the whole premise of my questions: is there a Supervisor, and if so, have you used them?\u003c/p\u003e\n\u003cp\u003eYou say the standing Supervisor is “not required to investigate or adjudicate this dispute”. Agreed, it isn’t required to. But it is empowered to. The two roles overlap, and the standing Supervisor’s is the broader one:\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003e\n\u003cp\u003e\u003cstrong\u003eStanding Supervisor (2.5.2):\u003c/strong\u003e subject to the Bylaws’ limits, must “ensure that the BORG’s rules are enforced”, can hold any Director liable for “any Adverse Event” they cause, and can demand information and periodic reports from the Foundation and each Director, with reasonable notice, “at any time”. It also has any powers Cayman law gives a supervisor.\u003cbr\u003e\n\u003cdiv class=\"lightbox-wrapper\"\u003e\u003ca class=\"lightbox\" href=\"https://forum.phoenix.money/uploads/default/original/1X/f247a1dac63870c4666bf571a6e0b21c6941b410.png\" data-download-href=\"https://forum.phoenix.money/uploads/default/f247a1dac63870c4666bf571a6e0b21c6941b410\" title=\"image\"\u003e\u003cimg src=\"https://forum.phoenix.money/uploads/default/optimized/1X/f247a1dac63870c4666bf571a6e0b21c6941b410_2_660x500.png\" alt=\"image\" data-base62-sha1=\"yzj1bTMaa1GLA28kWn9NCMPauIg\" width=\"660\" height=\"500\" srcset=\"https://forum.phoenix.money/uploads/default/optimized/1X/f247a1dac63870c4666bf571a6e0b21c6941b410_2_660x500.png, https://forum.phoenix.money/uploads/default/optimized/1X/f247a1dac63870c4666bf571a6e0b21c6941b410_2_990x750.png 1.5x, https://forum.phoenix.money/uploads/default/optimized/1X/f247a1dac63870c4666bf571a6e0b21c6941b410_2_1320x1000.png 2x\" data-dominant-color=\"EEE9CE\"\u003e\u003cdiv class=\"meta\"\u003e\u003csvg class=\"fa d-icon d-icon-far-image svg-icon\" aria-hidden=\"true\"\u003e\u003cuse href=\"#far-image\"\u003e\u003c/use\u003e\u003c/svg\u003e\u003cspan class=\"filename\"\u003eimage\u003c/span\u003e\u003cspan class=\"informations\"\u003e1438×1089 194 KB\u003c/span\u003e\u003csvg class=\"fa d-icon d-icon-discourse-expand svg-icon\" aria-hidden=\"true\"\u003e\u003cuse href=\"#discourse-expand\"\u003e\u003c/use\u003e\u003c/svg\u003e\u003c/div\u003e\u003c/a\u003e\u003c/div\u003e\u003c/p\u003e\n\u003c/li\u003e\n\u003cli\u003e\n\u003cp\u003e\u003cstrong\u003eEmergency Supervisor (2.6.2):\u003c/strong\u003e can investigate, hold culpable parties liable and seek remedies, but “solely in relation to the specific Adverse Event” it is appointed for. Article 2.6.1 calls it one of the “additional Supervisors”.\u003cbr\u003e\n\u003cdiv class=\"lightbox-wrapper\"\u003e\u003ca class=\"lightbox\" href=\"https://forum.phoenix.money/uploads/default/original/1X/6863eae5ce4a56ac6755e31999ab9a05c6abd1c2.jpeg\" data-download-href=\"https://forum.phoenix.money/uploads/default/6863eae5ce4a56ac6755e31999ab9a05c6abd1c2\" title=\"image\"\u003e\u003cimg src=\"https://forum.phoenix.money/uploads/default/optimized/1X/6863eae5ce4a56ac6755e31999ab9a05c6abd1c2_2_690x468.jpeg\" alt=\"image\" data-base62-sha1=\"eTtJdy1EIuu44wdbEYtQKJa4TXY\" width=\"690\" height=\"468\" srcset=\"https://forum.phoenix.money/uploads/default/optimized/1X/6863eae5ce4a56ac6755e31999ab9a05c6abd1c2_2_690x468.jpeg, https://forum.phoenix.money/uploads/default/optimized/1X/6863eae5ce4a56ac6755e31999ab9a05c6abd1c2_2_1035x702.jpeg 1.5x, https://forum.phoenix.money/uploads/default/original/1X/6863eae5ce4a56ac6755e31999ab9a05c6abd1c2.jpeg 2x\" data-dominant-color=\"E5E4DB\"\u003e\u003cdiv class=\"meta\"\u003e\u003csvg class=\"fa d-icon d-icon-far-image svg-icon\" aria-hidden=\"true\"\u003e\u003cuse href=\"#far-image\"\u003e\u003c/use\u003e\u003c/svg\u003e\u003cspan class=\"filename\"\u003eimage\u003c/span\u003e\u003cspan class=\"informations\"\u003e1319×896 266 KB\u003c/span\u003e\u003csvg class=\"fa d-icon d-icon-discourse-expand svg-icon\" aria-hidden=\"true\"\u003e\u003cuse href=\"#discourse-expand\"\u003e\u003c/use\u003e\u003c/svg\u003e\u003c/div\u003e\u003c/a\u003e\u003c/div\u003e\u003cbr\u003e\n\u003cdiv class=\"lightbox-wrapper\"\u003e\u003ca class=\"lightbox\" href=\"https://forum.phoenix.money/uploads/default/original/1X/bae842eb839e4318d0c191e79cf023f6897d917e.jpeg\" data-download-href=\"https://forum.phoenix.money/uploads/default/bae842eb839e4318d0c191e79cf023f6897d917e\" title=\"image\"\u003e\u003cimg src=\"https://forum.phoenix.money/uploads/default/optimized/1X/bae842eb839e4318d0c191e79cf023f6897d917e_2_690x415.jpeg\" alt=\"image\" data-base62-sha1=\"qFsquqHjMtXqbeBQAX5IXsQI4KG\" width=\"690\" height=\"415\" srcset=\"https://forum.phoenix.money/uploads/default/optimized/1X/bae842eb839e4318d0c191e79cf023f6897d917e_2_690x415.jpeg, https://forum.phoenix.money/uploads/default/optimized/1X/bae842eb839e4318d0c191e79cf023f6897d917e_2_1035x622.jpeg 1.5x, https://forum.phoenix.money/uploads/default/original/1X/bae842eb839e4318d0c191e79cf023f6897d917e.jpeg 2x\" data-dominant-color=\"E8E5CE\"\u003e\u003cdiv class=\"meta\"\u003e\u003csvg class=\"fa d-icon d-icon-far-image svg-icon\" aria-hidden=\"true\"\u003e\u003cuse href=\"#far-image\"\u003e\u003c/use\u003e\u003c/svg\u003e\u003cspan class=\"filename\"\u003eimage\u003c/span\u003e\u003cspan class=\"informations\"\u003e1369×824 263 KB\u003c/span\u003e\u003csvg class=\"fa d-icon d-icon-discourse-expand svg-icon\" aria-hidden=\"true\"\u003e\u003cuse href=\"#discourse-expand\"\u003e\u003c/use\u003e\u003c/svg\u003e\u003c/div\u003e\u003c/a\u003e\u003c/div\u003e\u003c/p\u003e\n\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003eScreenshots are from the \u003ca href=\"https://github.com/phoenix-directive/docs/blob/main/Phoenix%20Foundation%20-%20Bylaws.pdf\" rel=\"noopener nofollow ugc\"\u003ePhoenix Foundation Bylaws\u003c/a\u003e (post 1, Appendix B).\u003c/p\u003e\n\u003cp\u003eSo the Supervisor that Article 2.5.1 says the Foundation must have “at all times” can already do most of what post 1 asks: review the issues behind A272, “hear from all four Directors”, “examine the relevant internal records” and hold a Director liable for an Adverse Event they caused. The “full legal documents” you offer the reviewer can go to it too: 5.2 lets confidential information be shared with Supervisors who need it for their duties.\u003c/p\u003e\n\u003cp\u003e\u003cdiv class=\"lightbox-wrapper\"\u003e\u003ca class=\"lightbox\" href=\"https://forum.phoenix.money/uploads/default/original/1X/c7894332713a8428e23bbdb5bfa5d60ae6c12eb5.jpeg\" data-download-href=\"https://forum.phoenix.money/uploads/default/c7894332713a8428e23bbdb5bfa5d60ae6c12eb5\" title=\"image\"\u003e\u003cimg src=\"https://forum.phoenix.money/uploads/default/optimized/1X/c7894332713a8428e23bbdb5bfa5d60ae6c12eb5_2_690x177.jpeg\" alt=\"image\" data-base62-sha1=\"stb6cXfoZDAOqvRjqYL9luVDe4J\" width=\"690\" height=\"177\" srcset=\"https://forum.phoenix.money/uploads/default/optimized/1X/c7894332713a8428e23bbdb5bfa5d60ae6c12eb5_2_690x177.jpeg, https://forum.phoenix.money/uploads/default/optimized/1X/c7894332713a8428e23bbdb5bfa5d60ae6c12eb5_2_1035x265.jpeg 1.5x, https://forum.phoenix.money/uploads/default/optimized/1X/c7894332713a8428e23bbdb5bfa5d60ae6c12eb5_2_1380x354.jpeg 2x\" data-dominant-color=\"E5E0C3\"\u003e\u003cdiv class=\"meta\"\u003e\u003csvg class=\"fa d-icon d-icon-far-image svg-icon\" aria-hidden=\"true\"\u003e\u003cuse href=\"#far-image\"\u003e\u003c/use\u003e\u003c/svg\u003e\u003cspan class=\"filename\"\u003eimage\u003c/span\u003e\u003cspan class=\"informations\"\u003e1438×369 174 KB\u003c/span\u003e\u003csvg class=\"fa d-icon d-icon-discourse-expand svg-icon\" aria-hidden=\"true\"\u003e\u003cuse href=\"#discourse-expand\"\u003e\u003c/use\u003e\u003c/svg\u003e\u003c/div\u003e\u003c/a\u003e\u003c/div\u003e\u003c/p\u003e\n\u003cp\u003eWhat an Emergency Supervisor adds:\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003eexpress authority to act and bring claims in the Foundation’s name (2.6.2);\u003c/li\u003e\n\u003cli\u003ethe power item 4 asks for, to instruct the Stewardship to facilitate a removal (2.4.5.4);\u003c/li\u003e\n\u003cli\u003elawful directives on the use of Ops and Treasury Funds, within its authority, which Directors must obey (1.9.3);\u003c/li\u003e\n\u003cli\u003ewhile it is appointed, the rule that Veto Multisig vetoes bind the Foundation “may be disregarded” (1.10).\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e\u003cdiv class=\"lightbox-wrapper\"\u003e\u003ca class=\"lightbox\" href=\"https://forum.phoenix.money/uploads/default/original/1X/b7d5a2276886bbd7c417c51f39de0721967a46e1.jpeg\" data-download-href=\"https://forum.phoenix.money/uploads/default/b7d5a2276886bbd7c417c51f39de0721967a46e1\" title=\"image\"\u003e\u003cimg src=\"https://forum.phoenix.money/uploads/default/optimized/1X/b7d5a2276886bbd7c417c51f39de0721967a46e1_2_690x279.jpeg\" alt=\"image\" data-base62-sha1=\"qeh5f5uaZiTbNWCgMUvJ0ipH6lX\" width=\"690\" height=\"279\" srcset=\"https://forum.phoenix.money/uploads/default/optimized/1X/b7d5a2276886bbd7c417c51f39de0721967a46e1_2_690x279.jpeg, https://forum.phoenix.money/uploads/default/optimized/1X/b7d5a2276886bbd7c417c51f39de0721967a46e1_2_1035x418.jpeg 1.5x, https://forum.phoenix.money/uploads/default/original/1X/b7d5a2276886bbd7c417c51f39de0721967a46e1.jpeg 2x\" data-dominant-color=\"E7E2BF\"\u003e\u003cdiv class=\"meta\"\u003e\u003csvg class=\"fa d-icon d-icon-far-image svg-icon\" aria-hidden=\"true\"\u003e\u003cuse href=\"#far-image\"\u003e\u003c/use\u003e\u003c/svg\u003e\u003cspan class=\"filename\"\u003eimage\u003c/span\u003e\u003cspan class=\"informations\"\u003e1257×509 202 KB\u003c/span\u003e\u003csvg class=\"fa d-icon d-icon-discourse-expand svg-icon\" aria-hidden=\"true\"\u003e\u003cuse href=\"#discourse-expand\"\u003e\u003c/use\u003e\u003c/svg\u003e\u003c/div\u003e\u003c/a\u003e\u003c/div\u003e\u003cbr\u003e\n\u003cdiv class=\"lightbox-wrapper\"\u003e\u003ca class=\"lightbox\" href=\"https://forum.phoenix.money/uploads/default/original/1X/2e74de0a395cfb117dc38c3af2f71c7053e0d976.jpeg\" data-download-href=\"https://forum.phoenix.money/uploads/default/2e74de0a395cfb117dc38c3af2f71c7053e0d976\" title=\"image\"\u003e\u003cimg src=\"https://forum.phoenix.money/uploads/default/optimized/1X/2e74de0a395cfb117dc38c3af2f71c7053e0d976_2_690x304.jpeg\" alt=\"image\" data-base62-sha1=\"6CYlKm9JnnsSftnIHDXXg8jARJI\" width=\"690\" height=\"304\" srcset=\"https://forum.phoenix.money/uploads/default/optimized/1X/2e74de0a395cfb117dc38c3af2f71c7053e0d976_2_690x304.jpeg, https://forum.phoenix.money/uploads/default/optimized/1X/2e74de0a395cfb117dc38c3af2f71c7053e0d976_2_1035x456.jpeg 1.5x, https://forum.phoenix.money/uploads/default/optimized/1X/2e74de0a395cfb117dc38c3af2f71c7053e0d976_2_1380x608.jpeg 2x\" data-dominant-color=\"E9E6CE\"\u003e\u003cdiv class=\"meta\"\u003e\u003csvg class=\"fa d-icon d-icon-far-image svg-icon\" aria-hidden=\"true\"\u003e\u003cuse href=\"#far-image\"\u003e\u003c/use\u003e\u003c/svg\u003e\u003cspan class=\"filename\"\u003eimage\u003c/span\u003e\u003cspan class=\"informations\"\u003e1465×646 219 KB\u003c/span\u003e\u003csvg class=\"fa d-icon d-icon-discourse-expand svg-icon\" aria-hidden=\"true\"\u003e\u003cuse href=\"#discourse-expand\"\u003e\u003c/use\u003e\u003c/svg\u003e\u003c/div\u003e\u003c/a\u003e\u003c/div\u003e\u003c/p\u003e\n\u003cp\u003eYet the proposal skips the standing Supervisor and asks Terra Governance to approve up to USD 10,000 of Foundation funds for an additional one (item 6). Under 2.6.1 an Emergency Supervisor may be appointed “solely to the extent necessary or desirable” to resolve or mitigate the Adverse Event. Voters can’t judge that without knowing whether the Supervisor who should be doing this job now has been asked. Rose has said the Supervisor’s status “should be clarified as part of considering any emergency arrangement” (\u003ca href=\"https://forum.phoenix.money/t/47/30\"\u003epost 30\u003c/a\u003e).\u003c/p\u003e\n\u003cp\u003eSo, before Terra Governance is asked to fund an additional Supervisor:\u003c/p\u003e\n\u003col\u003e\n\u003cli\u003ePost 28 confirms a Supervisor was appointed under the Articles “from incorporation”. Is that Supervisor still in office today, and “able and willing to supervise the management of the BORG” (2.5.1)?\u003c/li\u003e\n\u003cli\u003ePost 28 also says that on 16 October, the day this proposal went up, you “had not yet verified the position” on whether a standing Supervisor had been appointed. Was A249, A272 or any other matter put to the Supervisor before this proposal? If so, when, and with what result? If not, why not?\u003c/li\u003e\n\u003cli\u003eWhich of the additional powers listed above does this matter need, and why? If the reason is independence rather than powers, 2.5.3 lets the Board appoint a Supervisor itself. Vini proposed exactly that on 16 October: “the board should appoint the permanent Supervisor the bylaws require” (\u003ca href=\"https://forum.phoenix.money/t/47/3\"\u003epost 3\u003c/a\u003e).\u003c/li\u003e\n\u003c/ol\u003e\n\u003cp\u003eNone of these needs a document or a name.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eThe whole Board, not one member\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eMy questions in this thread have been about how the Board works: its alignment, its understanding of the Bylaws, and how the BORG functions within them. What the record shows so far:\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003e\u003cstrong\u003eThe Supervisor.\u003c/strong\u003e No Director has yet confirmed that the Supervisor named in the Articles is still in office. Your account rests on the Articles at incorporation (\u003ca href=\"https://forum.phoenix.money/t/47/28\"\u003epost 28\u003c/a\u003e). As of \u003ca href=\"https://forum.phoenix.money/t/47/31\"\u003epost 31\u003c/a\u003e, Rose was awaiting confirmation “whether that appointment remains current”. MB has not addressed it in this thread. On 16 October, Vini said PF “has never appointed” one (post 3).\u003c/li\u003e\n\u003cli\u003e\u003cstrong\u003eConflicts.\u003c/strong\u003e A272 says Vini voted on A249, which “paid his own company”, “despite an agreed recusal”. You voted yes on five releases of grant milestones, 305,000 USDC in total, paid to the wallet you listed as yours in \u003ca href=\"https://forum.phoenix.money/t/10/1\"\u003etopic 10\u003c/a\u003e (\u003ca href=\"https://dao.phoenix.money/dao/terra1k8ug6dkzntczfzn76wsh24tdjmx944yj6mk063wum7n20cwd7lxq4lppjg/proposals/A116\" rel=\"noopener nofollow ugc\"\u003eA116\u003c/a\u003e, \u003ca href=\"https://dao.phoenix.money/dao/terra1k8ug6dkzntczfzn76wsh24tdjmx944yj6mk063wum7n20cwd7lxq4lppjg/proposals/A175\" rel=\"noopener nofollow ugc\"\u003eA175\u003c/a\u003e, \u003ca href=\"https://dao.phoenix.money/dao/terra1k8ug6dkzntczfzn76wsh24tdjmx944yj6mk063wum7n20cwd7lxq4lppjg/proposals/A209\" rel=\"noopener nofollow ugc\"\u003eA209\u003c/a\u003e, \u003ca href=\"https://dao.phoenix.money/dao/terra1k8ug6dkzntczfzn76wsh24tdjmx944yj6mk063wum7n20cwd7lxq4lppjg/proposals/A215\" rel=\"noopener nofollow ugc\"\u003eA215\u003c/a\u003e, \u003ca href=\"https://dao.phoenix.money/dao/terra1k8ug6dkzntczfzn76wsh24tdjmx944yj6mk063wum7n20cwd7lxq4lppjg/proposals/A271\" rel=\"noopener nofollow ugc\"\u003eA271\u003c/a\u003e). Each passed on exactly three votes. You did not vote on the Creda and Estima approvals (\u003ca href=\"https://dao.phoenix.money/dao/terra1k8ug6dkzntczfzn76wsh24tdjmx944yj6mk063wum7n20cwd7lxq4lppjg/proposals/A190\" rel=\"noopener nofollow ugc\"\u003eA190\u003c/a\u003e, \u003ca href=\"https://dao.phoenix.money/dao/terra1k8ug6dkzntczfzn76wsh24tdjmx944yj6mk063wum7n20cwd7lxq4lppjg/proposals/A266\" rel=\"noopener nofollow ugc\"\u003eA266\u003c/a\u003e). I can find no 4.6.2 disclosure or recusal record for A249 or for these releases on this forum or in any Stewardship proposal. Every Director has also voted on proposals that included their own pay, which the Board sets itself under 2.2.7 (Rose on \u003ca href=\"https://dao.phoenix.money/dao/terra1k8ug6dkzntczfzn76wsh24tdjmx944yj6mk063wum7n20cwd7lxq4lppjg/proposals/A124\" rel=\"noopener nofollow ugc\"\u003eA124\u003c/a\u003e, Vini on \u003ca href=\"https://dao.phoenix.money/dao/terra1k8ug6dkzntczfzn76wsh24tdjmx944yj6mk063wum7n20cwd7lxq4lppjg/proposals/A246\" rel=\"noopener nofollow ugc\"\u003eA246\u003c/a\u003e, MB on \u003ca href=\"https://dao.phoenix.money/dao/terra1k8ug6dkzntczfzn76wsh24tdjmx944yj6mk063wum7n20cwd7lxq4lppjg/proposals/A278\" rel=\"noopener nofollow ugc\"\u003eA278\u003c/a\u003e, you on \u003ca href=\"https://dao.phoenix.money/dao/terra1k8ug6dkzntczfzn76wsh24tdjmx944yj6mk063wum7n20cwd7lxq4lppjg/proposals/A279\" rel=\"noopener nofollow ugc\"\u003eA279\u003c/a\u003e). Whatever standard A272 relies on needs to be produced and applied to all four.\u003c/li\u003e\n\u003cli\u003e\u003cstrong\u003eEngagement.\u003c/strong\u003e Rose and MB first posted in this thread on 19 October, three days after the proposal went up and after post 27 asked for their positions. MB’s reply (\u003ca href=\"https://forum.phoenix.money/t/47/35\"\u003epost 35\u003c/a\u003e) supports the proposal but does not answer post 27’s question on the Supervisor.\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e\u003cdiv class=\"lightbox-wrapper\"\u003e\u003ca class=\"lightbox\" href=\"https://forum.phoenix.money/uploads/default/original/1X/0e44d912dc46dd538f6234696fa34916b3973977.jpeg\" data-download-href=\"https://forum.phoenix.money/uploads/default/0e44d912dc46dd538f6234696fa34916b3973977\" title=\"image\"\u003e\u003cimg src=\"https://forum.phoenix.money/uploads/default/optimized/1X/0e44d912dc46dd538f6234696fa34916b3973977_2_690x399.jpeg\" alt=\"image\" data-base62-sha1=\"22ebOLxg6BRkivvjP5hXFLqDX15\" width=\"690\" height=\"399\" srcset=\"https://forum.phoenix.money/uploads/default/optimized/1X/0e44d912dc46dd538f6234696fa34916b3973977_2_690x399.jpeg, https://forum.phoenix.money/uploads/default/optimized/1X/0e44d912dc46dd538f6234696fa34916b3973977_2_1035x598.jpeg 1.5x, https://forum.phoenix.money/uploads/default/optimized/1X/0e44d912dc46dd538f6234696fa34916b3973977_2_1380x798.jpeg 2x\" data-dominant-color=\"E8E6D4\"\u003e\u003cdiv class=\"meta\"\u003e\u003csvg class=\"fa d-icon d-icon-far-image svg-icon\" aria-hidden=\"true\"\u003e\u003cuse href=\"#far-image\"\u003e\u003c/use\u003e\u003c/svg\u003e\u003cspan class=\"filename\"\u003eimage\u003c/span\u003e\u003cspan class=\"informations\"\u003e1438×832 257 KB\u003c/span\u003e\u003csvg class=\"fa d-icon d-icon-discourse-expand svg-icon\" aria-hidden=\"true\"\u003e\u003cuse href=\"#discourse-expand\"\u003e\u003c/use\u003e\u003c/svg\u003e\u003c/div\u003e\u003c/a\u003e\u003c/div\u003e\u003cbr\u003e\n\u003cdiv class=\"lightbox-wrapper\"\u003e\u003ca class=\"lightbox\" href=\"https://forum.phoenix.money/uploads/default/original/1X/f0633336d6d60719996aa59e7da3df3a06228e54.jpeg\" data-download-href=\"https://forum.phoenix.money/uploads/default/f0633336d6d60719996aa59e7da3df3a06228e54\" title=\"image\"\u003e\u003cimg src=\"https://forum.phoenix.money/uploads/default/optimized/1X/f0633336d6d60719996aa59e7da3df3a06228e54_2_690x115.jpeg\" alt=\"image\" data-base62-sha1=\"yiz7Wd4KOBoPFFhplFkX713z2FC\" width=\"690\" height=\"115\" srcset=\"https://forum.phoenix.money/uploads/default/optimized/1X/f0633336d6d60719996aa59e7da3df3a06228e54_2_690x115.jpeg, https://forum.phoenix.money/uploads/default/optimized/1X/f0633336d6d60719996aa59e7da3df3a06228e54_2_1035x172.jpeg 1.5x, https://forum.phoenix.money/uploads/default/original/1X/f0633336d6d60719996aa59e7da3df3a06228e54.jpeg 2x\" data-dominant-color=\"EAE7D3\"\u003e\u003cdiv class=\"meta\"\u003e\u003csvg class=\"fa d-icon d-icon-far-image svg-icon\" aria-hidden=\"true\"\u003e\u003cuse href=\"#far-image\"\u003e\u003c/use\u003e\u003c/svg\u003e\u003cspan class=\"filename\"\u003eimage\u003c/span\u003e\u003cspan class=\"informations\"\u003e1369×229 73.8 KB\u003c/span\u003e\u003csvg class=\"fa d-icon d-icon-discourse-expand svg-icon\" aria-hidden=\"true\"\u003e\u003cuse href=\"#discourse-expand\"\u003e\u003c/use\u003e\u003c/svg\u003e\u003c/div\u003e\u003c/a\u003e\u003c/div\u003e\u003c/p\u003e\n\u003cp\u003eBefore Terra Governance is asked to declare an Adverse Event and fund an Emergency Supervisor, every Director should be on record on two things: whether the Foundation’s Supervisor is in place, and what conflict standard the Board applies to its own members.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eReview all four Directors\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eRead as written, none of the Directors’ own statements is limited to one member:\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003ePhilipp describes his role as helping ensure “its Directors remain accountable for the responsibilities entrusted to them” (post 1).\u003c/li\u003e\n\u003cli\u003eMB says there is “serious stewardship dysfunction” (post 35).\u003c/li\u003e\n\u003cli\u003eRose says conflicts of interest and accountability “warrant clearer, more consistently applied standards” (post 30).\u003c/li\u003e\n\u003cli\u003eVini trusts whoever is appointed will “look at the full context fairly” (\u003ca href=\"https://forum.phoenix.money/t/47/29\"\u003epost 29\u003c/a\u003e).\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003eItem 1, by contrast, defines the Adverse Event by reference to A272, which post 1 describes as “concerning the continued membership of one Director”. It says nothing about the Supervisor’s status, conflict standards or the conduct of the other three Directors. Because 2.6.2 confines an Emergency Supervisor “solely” to the Adverse Event it is appointed for, anything item 1 leaves out may fall outside the review.\u003c/p\u003e\n\u003cp\u003e\u003cdiv class=\"lightbox-wrapper\"\u003e\u003ca class=\"lightbox\" href=\"https://forum.phoenix.money/uploads/default/original/1X/90659334decd39b65766a281a281364fe5039e22.jpeg\" data-download-href=\"https://forum.phoenix.money/uploads/default/90659334decd39b65766a281a281364fe5039e22\" title=\"image\"\u003e\u003cimg src=\"https://forum.phoenix.money/uploads/default/optimized/1X/90659334decd39b65766a281a281364fe5039e22_2_690x280.jpeg\" alt=\"image\" data-base62-sha1=\"kBonvLRIFrUZTv8tpdoM1QgRPpM\" width=\"690\" height=\"280\" srcset=\"https://forum.phoenix.money/uploads/default/optimized/1X/90659334decd39b65766a281a281364fe5039e22_2_690x280.jpeg, https://forum.phoenix.money/uploads/default/optimized/1X/90659334decd39b65766a281a281364fe5039e22_2_1035x420.jpeg 1.5x, https://forum.phoenix.money/uploads/default/optimized/1X/90659334decd39b65766a281a281364fe5039e22_2_1380x560.jpeg 2x\" data-dominant-color=\"E5E3D0\"\u003e\u003cdiv class=\"meta\"\u003e\u003csvg class=\"fa d-icon d-icon-far-image svg-icon\" aria-hidden=\"true\"\u003e\u003cuse href=\"#far-image\"\u003e\u003c/use\u003e\u003c/svg\u003e\u003cspan class=\"filename\"\u003eimage\u003c/span\u003e\u003cspan class=\"informations\"\u003e1479×602 222 KB\u003c/span\u003e\u003csvg class=\"fa d-icon d-icon-discourse-expand svg-icon\" aria-hidden=\"true\"\u003e\u003cuse href=\"#discourse-expand\"\u003e\u003c/use\u003e\u003c/svg\u003e\u003c/div\u003e\u003c/a\u003e\u003c/div\u003e\u003c/p\u003e\n\u003cp\u003eIf this goes to Terra Governance, item 1 should define the Adverse Event as the governance of the Stewardship as a whole, and item 3 should instruct the reviewer to examine all four Directors on the same terms, covering at least:\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003ewhether the Foundation has had a Supervisor “able and willing” to supervise at all times since incorporation (2.5.1), and whether that oversight has been used (2.5.2);\u003c/li\u003e\n\u003cli\u003eevery Director’s votes on payments to themselves, their own wallets or their own companies, and any 4.6.2 disclosures;\u003c/li\u003e\n\u003cli\u003ethe “established governance and conflict-of-interest procedures” A272 relies on, when they were adopted, and whether they have been applied to all four;\u003c/li\u003e\n\u003cli\u003ethe concerns raised in A272, on the same terms as the rest.\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003ePost 1 says: “I will accept the outcome of that process even if I disagree with it.” That commitment should extend to a review of every Director, its author included.\u003c/p\u003e\n\u003cp\u003e\u003ca class=\"mention\" href=\"/u/0xphilipp\"\u003e@0xPhilipp\u003c/a\u003e, \u003ca class=\"mention\" href=\"/u/mbaejir\"\u003e@mbaejir\u003c/a\u003e, \u003ca class=\"mention\" href=\"/u/rose\"\u003e@rose\u003c/a\u003e and \u003ca class=\"mention\" href=\"/u/vini\"\u003e@vini\u003c/a\u003e: will each of you support amending items 1 and 3 so the review covers all four of you?\u003c/p\u003e\n\u003cp\u003eYes or No.\u003c/p\u003e","post_number":37,"post_type":1,"posts_count":57,"updated_at":"2026-10-19T08:29:50.014Z","reply_count":2,"reply_to_post_number":null,"quote_count":0,"incoming_link_count":11,"reads":19,"readers_count":18,"score":68.8,"yours":false,"topic_id":47,"topic_slug":"phoenix-foundation-appointment-of-an-emergency-supervisor","display_username":null,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":1,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"link_counts":[{"url":"https://forum.phoenix.money/t/executed-revenue-generating-pol-deployment-a-flywheel-for-terra-s-long-term-success/10","internal":true,"reflection":false,"title":"[EXECUTED] Revenue Generating POL Deployment - a flywheel for Terra’s long-term success","clicks":0},{"url":"https://dao.phoenix.money/dao/terra1k8ug6dkzntczfzn76wsh24tdjmx944yj6mk063wum7n20cwd7lxq4lppjg/proposals/A116","internal":false,"reflection":false,"title":"Phoenix DAOs","clicks":0},{"url":"https://github.com/phoenix-directive/docs/blob/main/Phoenix%20Foundation%20-%20Bylaws.pdf","internal":false,"reflection":false,"title":"docs/Phoenix Foundation - Bylaws.pdf at main · phoenix-directive/docs · GitHub","clicks":0},{"url":"https://dao.phoenix.money/dao/terra1k8ug6dkzntczfzn76wsh24tdjmx944yj6mk063wum7n20cwd7lxq4lppjg/proposals/A215","internal":false,"reflection":false,"title":"Phoenix DAOs","clicks":0},{"url":"https://dao.phoenix.money/dao/terra1k8ug6dkzntczfzn76wsh24tdjmx944yj6mk063wum7n20cwd7lxq4lppjg/proposals/A175","internal":false,"reflection":false,"title":"Phoenix DAOs","clicks":0},{"url":"https://dao.phoenix.money/dao/terra1k8ug6dkzntczfzn76wsh24tdjmx944yj6mk063wum7n20cwd7lxq4lppjg/proposals/A271","internal":false,"reflection":false,"title":"Phoenix DAOs","clicks":0},{"url":"https://dao.phoenix.money/dao/terra1k8ug6dkzntczfzn76wsh24tdjmx944yj6mk063wum7n20cwd7lxq4lppjg/proposals/A209","internal":false,"reflection":false,"title":"Phoenix DAOs","clicks":0},{"url":"https://dao.phoenix.money/dao/terra1k8ug6dkzntczfzn76wsh24tdjmx944yj6mk063wum7n20cwd7lxq4lppjg/proposals/A190","internal":false,"reflection":false,"title":"Phoenix DAOs","clicks":0},{"url":"https://dao.phoenix.money/dao/terra1k8ug6dkzntczfzn76wsh24tdjmx944yj6mk063wum7n20cwd7lxq4lppjg/proposals/A124","internal":false,"reflection":false,"title":"Phoenix DAOs","clicks":0},{"url":"https://dao.phoenix.money/dao/terra1k8ug6dkzntczfzn76wsh24tdjmx944yj6mk063wum7n20cwd7lxq4lppjg/proposals/A266","internal":false,"reflection":false,"title":"Phoenix DAOs","clicks":0},{"url":"https://dao.phoenix.money/dao/terra1k8ug6dkzntczfzn76wsh24tdjmx944yj6mk063wum7n20cwd7lxq4lppjg/proposals/A246","internal":false,"reflection":false,"title":"Phoenix DAOs","clicks":0},{"url":"https://dao.phoenix.money/dao/terra1k8ug6dkzntczfzn76wsh24tdjmx944yj6mk063wum7n20cwd7lxq4lppjg/proposals/A279","internal":false,"reflection":false,"title":"Phoenix DAOs","clicks":0},{"url":"https://dao.phoenix.money/dao/terra1k8ug6dkzntczfzn76wsh24tdjmx944yj6mk063wum7n20cwd7lxq4lppjg/proposals/A278","internal":false,"reflection":false,"title":"Phoenix DAOs","clicks":0}],"read":true,"user_title":null,"bookmarked":false,"actions_summary":[],"moderator":false,"admin":false,"staff":false,"user_id":78,"hidden":false,"trust_level":1,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/phoenix-foundation-appointment-of-an-emergency-supervisor/47/37","reactions":[],"current_user_reaction":null,"reaction_users_count":0,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":177,"name":null,"username":"0xPhilipp","avatar_template":"/user_avatar/forum.phoenix.money/0xphilipp/{size}/7_2.png","created_at":"2026-10-19T08:57:23.737Z","cooked":"\u003cp\u003eNo. I’m not going to support turning this into an open-ended investigation of every Director, every grant and every PF decision ever made. That would completely derail the purpose of resolving the actual governance failure in front of us and make it significantly harder to attract qualified people to serve as Directors in the future.\u003c/p\u003e\n\u003cp\u003eThe Emergency Supervisor should review the full context underlying A272 and the Adverse Event, including the conduct of any Director where relevant and any information necessary to understand that context, which may or may not include specific grants. I have no issue with my own actions being reviewed as part of that.\u003c/p\u003e\n\u003cp\u003eWhat is becoming increasingly difficult to ignore is your repeated effort to broaden and complicate this process instead of helping resolve the issue that triggered it. At this point, I think it is fair to ask what your actual objective is here.\u003c/p\u003e\n\u003cp\u003eAs far as I remember, you have publicly laughed at Cosmos chains failing and users losing money and, apart from a now-deleted ugly unbased statement about me, have had no meaningful involvement with Terra. Given how aggressively you are trying to expand and derail this process, I think questioning your motivation here is entirely reasonable.\u003c/p\u003e","post_number":38,"post_type":1,"posts_count":57,"updated_at":"2026-10-19T08:58:50.401Z","reply_count":1,"reply_to_post_number":37,"quote_count":0,"incoming_link_count":1,"reads":16,"readers_count":15,"score":13.2,"yours":false,"topic_id":47,"topic_slug":"phoenix-foundation-appointment-of-an-emergency-supervisor","display_username":null,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":1,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"read":true,"user_title":null,"reply_to_user":{"id":78,"username":"Rarma","name":null,"avatar_template":"/letter_avatar_proxy/v4/letter/r/3bc359/{size}.png"},"bookmarked":false,"actions_summary":[],"moderator":true,"admin":true,"staff":true,"user_id":3,"hidden":false,"trust_level":2,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/phoenix-foundation-appointment-of-an-emergency-supervisor/47/38","reactions":[],"current_user_reaction":null,"reaction_users_count":0,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":178,"name":null,"username":"Rarma","avatar_template":"/letter_avatar_proxy/v4/letter/r/3bc359/{size}.png","created_at":"2026-10-19T09:07:16.558Z","cooked":"\u003cp\u003e\u003ca class=\"mention\" href=\"/u/0xphilipp\"\u003e@0xPhilipp\u003c/a\u003e, post 37 didn’t ask for “every PF decision ever made”.\u003c/p\u003e\n\u003cp\u003eIt listed four things: whether the Supervisor has been in place and used since incorporation, Directors’ votes on payments to themselves and any 4.6.2 disclosures, the conflict procedures A272 relies on, and A272’s own concerns. All four sit inside what you now call “the full context underlying A272”: A272 charges a breach of “established governance and conflict-of-interest procedures”, so whether those procedures exist, and apply to everyone, is that context.\u003c/p\u003e\n\u003cp\u003eYou also say the reviewer should examine “the conduct of any Director where relevant”, and that you have “no issue with my own actions being reviewed”. Good. Under 2.6.2 the reviewer can only act on the Adverse Event the proposal defines, so please write that into items 1 and 3. For example, item 3 could instruct the reviewer to investigate the Adverse Event and the full context underlying A272, including the conduct of any Director where relevant. If that is already your position, adding it costs nothing.\u003c/p\u003e\n\u003cp\u003eOn motives: in post 25 you reminded MaxP that the guidelines call for “avoiding personal attacks”. The same applies here. For the record, I haven’t deleted anything in this thread: my five posts are all on their first version. What I’m asking for is in those posts: one standard for all four Directors, written into the text voters approve.\u003c/p\u003e\n\u003cp\u003e\u003ca class=\"mention\" href=\"/u/rose\"\u003e@rose\u003c/a\u003e, \u003ca class=\"mention\" href=\"/u/mbaejir\"\u003e@mbaejir\u003c/a\u003e and \u003ca class=\"mention\" href=\"/u/vini\"\u003e@vini\u003c/a\u003e: the question in post 37 is still open for each of you. 3/4 Board members is how the BORG works.\u003c/p\u003e","post_number":39,"post_type":1,"posts_count":57,"updated_at":"2026-10-19T09:07:16.558Z","reply_count":1,"reply_to_post_number":38,"quote_count":0,"incoming_link_count":0,"reads":17,"readers_count":16,"score":8.4,"yours":false,"topic_id":47,"topic_slug":"phoenix-foundation-appointment-of-an-emergency-supervisor","display_username":null,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":1,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"read":true,"user_title":null,"reply_to_user":{"id":3,"username":"0xPhilipp","name":null,"avatar_template":"/user_avatar/forum.phoenix.money/0xphilipp/{size}/7_2.png"},"bookmarked":false,"actions_summary":[],"moderator":false,"admin":false,"staff":false,"user_id":78,"hidden":false,"trust_level":1,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/phoenix-foundation-appointment-of-an-emergency-supervisor/47/39","reactions":[],"current_user_reaction":null,"reaction_users_count":0,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":179,"name":null,"username":"mbaejir","avatar_template":"/letter_avatar_proxy/v4/letter/m/bb73d2/{size}.png","created_at":"2026-10-19T09:28:16.479Z","cooked":"\u003cp\u003eNo. The scope of this prop is not going to be changed.\u003c/p\u003e","post_number":40,"post_type":1,"posts_count":57,"updated_at":"2026-10-19T09:28:16.479Z","reply_count":0,"reply_to_post_number":37,"quote_count":0,"incoming_link_count":1,"reads":14,"readers_count":13,"score":7.8,"yours":false,"topic_id":47,"topic_slug":"phoenix-foundation-appointment-of-an-emergency-supervisor","display_username":null,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":1,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"read":true,"user_title":null,"reply_to_user":{"id":78,"username":"Rarma","name":null,"avatar_template":"/letter_avatar_proxy/v4/letter/r/3bc359/{size}.png"},"bookmarked":false,"actions_summary":[],"moderator":false,"admin":false,"staff":false,"user_id":16,"hidden":false,"trust_level":1,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/phoenix-foundation-appointment-of-an-emergency-supervisor/47/40","reactions":[],"current_user_reaction":null,"reaction_users_count":0,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null}]},"id":47}