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Tenet: Difference between revisions
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== 1. Articles of Association of The Transparent Company == | == 1. Articles of Association of The Transparent Company == | ||
=== 1.1 Preamble === | |||
The Transparent Company (T Corp) Governance Process is a set of binding rules, aiming at organizing governance and working procedures. Should there be any conflict between this EBA Governance Process and the EBA Bylaws, the Governance Process shall be subordinate to the regulations set forth in the Bylaws. | The Transparent Company (T Corp) Governance Process is a set of binding rules, aiming at organizing governance and working procedures. Should there be any conflict between this EBA Governance Process and the EBA Bylaws, the Governance Process shall be subordinate to the regulations set forth in the Bylaws. | ||
1.2 Objective | === 1.2 Objective === | ||
*'''First Law''' - all action performed by the the corporation must process through a system of based on real time, purely [[Transparency|transparent]], non-editable disclosure. | *'''First Law''' - all action performed by the the corporation must process through a system of based on real time, purely [[Transparency|transparent]], non-editable disclosure. | ||
*'''Second Law''' - the purpose of the entity is beneficence, the company is [[Externalities|For Externality Minimisation]] | *'''Second Law''' - the purpose of the entity is beneficence, the company is [[Externalities|For Externality Minimisation]] | ||
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* '''Fourth Law''' - the entity must obey the orders given it by human beings except where such orders would conflict with the Second or Third Law. | * '''Fourth Law''' - the entity must obey the orders given it by human beings except where such orders would conflict with the Second or Third Law. | ||
* '''Fifth Law''' - the entity must protect its own existence as long as such protection does not conflict with the Second or Third Law. | * '''Fifth Law''' - the entity must protect its own existence as long as such protection does not conflict with the Second or Third Law. | ||
=== 1.3 DSAO Structure === | |||
The T Corp is a Decentralised Semi Autonomous Organisation (DSAO). A DSAO is a derivative of the original Decentralised Autonomous Organisation which describes a type of network connecting individual nodes that act autonomously on the basis of self-created rules. A DAO’s financial transaction record and program rules are maintained on a blockchain and Member activities are not influenced by a central government. | |||
Key differentiators between the EBAs DSAO structure and a traditional DAO’s: | |||
* The T Corp was founded as a legal entity - The Transparent Company - a company registered in Australia, | |||
* The T Corp is supported by a set of governance processes and is headed by the T Corp Board of Directors. This facilitates the integration of the T Corp into society at large. It addresses social, legal, economic and environmental aspects as well as providing a point of contact for doing business. With this structure of a DSAO, the T Corp combines the advantages of decentralised networks with the essential requirements of our society. | |||