Pokereum Board Member Oath
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Author Topic: Pokereum Board Member Oath  (Read 2653 times)

Stark Industries

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Pokereum Board Member Oath
« on: October 04, 2014, 09:31:22 pm »


Although the Pokereum DAO operates as a decentralized virtual organization, it is important that the board members establish and follow some ground rules that will foster cooperation and enable the success of Pokereum DAO by catering to the interests of poker players, token holders, developers, workers and other board members. The structure of the organization is of centralized development with a decentralized consensus and decision making through the use of voting, by token holders and board members made possible by the Ethereum or NXT platform. This way developers are provided for and easily replaced based on extensive performance reviews of board members.

I do solemnly swear (or affirm) that I will faithfully uphold duties of the office as trustee and board member of Pokereum DAO (Decentralized Autonomous organization) of the Ethereum or NXT and greater cryptocurrency community, in accordance with the ground rules, bylaws, duties, oath, consensus of token holders, budget and spending policy of the Pokereum DAO, in the spirit of cooperation, to the best of my ability.

I further swear (or affirm) that:

I shall respect token holders interests by serving as a faithful protector of the Pokereum DAO assets.

I recognize that I am a fiduciary on behalf of all token holders and in all decision-making by the  Pokereum Board I will attempt to use sound business judgment.

I understand that the executor is responsible for spending according to the spending policy, budget or token holder approved board initiatives and I will support such spending in the interest of all token holders.

A replacement executor will and can be appointed through a process of discussion and review of the board followed subsequently by disclosure of findings and options to the token holders who vote on a final decision determined by the majority.

I understand that if I am in charge of fiat spending all funds sent to me by executor will be converted to required fiat denomination and used for its intended purposes as specified by executor or board.

I understand that if I am in charge of  accounting, I will record and document all spending to be made available as necessary to Pokereum DAO members and token holders.

Major changes or new initiatives are effected through a process of discussion and review of the board followed subsequently by disclosure of findings and options to the token holders who unanimously vote on final decision.

I shall encourage and respect the free expression of opinion by my fellow board members and others who seek a hearing before the board, while respecting the privacy of members of Pokereum DAO.

I will abide by majority decisions of the board and token holder voting, while retaining the right to seek changes in such decisions through ethical and constructive discussion channels.

I will attend as many meetings as possible and prepare in advance by reviewing all

I understand that if I miss 3 consecutive meetings without good cause as an “active board member”, the board through token holder voting can declare my seat vacant and appoint another owner to complete my term of office. Passive board members are only required to be at meetings where actual decision are enforced such as payments or votes.

I will not divulge confidences or sensitive information to non-board members at pertinent times.

I will do my best to communicate with board members or other members of the Pokereum DAO if my position is compromised in anyway.

I will not attempt to micro-manage or interfere with the management of the workers or
the performance of other board members or developer contractors.

I will always act within the scope of my authority as a board member and in the best
interests of the poker players, token holder developers, workers.

I shall at all times obey the rules of Pokereum DAO, even if I disagree with them, and
shall remain current in the payment of all fees and expenses charged by the DAO.

I will be sensitive to individual differences, respectful of dissenting opinions and
cooperative in implementing the will of the majority of the Board and token holders.

I will at all times make a full disclosure of any potential conflict of interest, refrain or abstain from at all times avoid even the appearance of impropriety.

In the event that I cannot faithfully fulfill my duties as trustee and board member, I shall submit my resignation from the Board.

In the event I violate any of these provisions of my oath of office, I understand that I can be suspended or removed from my duties as trustee and board member.

Suspension or removal from office as trustee and board member happens through a process of discussion and review of the board followed subsequently by disclosure of findings and options to the token holders who unanimously vote on final decision.

I understand that I forfeit the right to my unvested tokens if or when I am roomed from office as trustee and board member.

I will earn all my token as specified in the vesting schedule ground rules.

I understand that the vesting schedule formally serves to align my interest with the Pokereum DAO

Oath may only be modified by majority agreement of token holder voting after the crowdfunding period is over. Board member mays unanimously modify ground rules prior to the completion of the Pokereum DAO crowdfund

« Last Edit: February 22, 2015, 05:57:48 pm by Stark Industries »


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Re: Board Member Oath
« Reply #1 on: October 07, 2014, 11:33:59 pm »

I, Isildur23, promise to abide by the rules set by the oath above, and other guidlines specified in the spending policy, bylaws and ground rules to the best of my ability in the interest of all token holder



I am resigning from this project due to personal issues and lack of time. I hope the project achieves success and if I have any ideas that might help, I would be glad to share them here.

« Last Edit: February 17, 2015, 12:27:17 am by Isildur23 »