[OpenID board] Agenda for 8/30/2007 ...
Johannes Ernst
jernst at netmesh.us
Wed Aug 29 22:54:49 UTC 2007
I'd like to discuss financial governance and put a basic process in
place. We all like to avoid surprises -- good ones and bad ones! --
through whatever happenstance they may occur. Speaking just for
myself, I know by experience that I sooner or later screw up in some
fashion and I'd like the process to catch when (not if) that happens.
And it would appear to me that potential foundation members will be
very interested that we have such a process, even if it is miniscule
at first (which I'd prefer).
Personally, at the minimum, I'd like to see, a few days prior to each
board meeting:
- QuickBooks BS and P&L reports, (or whatever the software --
that's easy enough to do)
- a heads-up on any non-trivial deviation from the budget
This presumes that we have:
- a budget that is adopted, which is a baseline against which we
compare how we did on an ongoing basis.
- assigned "owners" of particular line items in the budget, who are
responsible/accountable for managing those items
- some process (e.g. "treasurer looks it over once a month") by
which a person B checks on the work of person A.
Obviously, I'm proposing this at this time in the spirit of making
the foundation work as well as possible, not in spirit of being
critical of anybody. It's just one of the things we gotta do as a
board, in particular now that we have a bank account and some
expenses ...
On Aug 27, 2007, at 11:48, Scott Kveton wrote:
> Hi Everybody,
>
> Looking forward to the call on Thursday.
>
> * General business (approve minutes, updates to agenda, etc)
> * Discuss accountant needs (if necessary) - Scott
> * Discuss legal fees and by-law changes - Scott
> * IPR update - David
> * Marketing update - Dick
>
> Let me know if there is anything else,
>
> - Scott
> _______________________________________________
> board mailing list
> board at openid.net
> http://openid.net/mailman/listinfo/board
Johannes Ernst
NetMesh Inc.
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