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World Island Kybernetik:About: Difference between revisions
From Cibernética Americana
→WIK Principles of Corporate Governance
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<li> After this B shares will only be awarded as the payment for execution of production tasks contributing to the net income which will also be the WIK determined price/cost of that task. | <li> After this B shares will only be awarded as the payment for execution of production tasks contributing to the net income which will also be the WIK determined price/cost of that task. | ||
<li> At some point in the future when the number of contractors has grown sufficiently, a number lower than 1 will be assigned to the ratio in 3 above. At that time the B Stock dividends will begin to payout the difference in earned income uniformly to each share of B stock. | <li> At some point in the future when the number of contractors has grown sufficiently, a number lower than 1 will be assigned to the ratio in 3 above. At that time the B Stock dividends will begin to payout the difference in earned income uniformly to each share of B stock. | ||
<li> Should WIK acquire | <li> Should WIK acquire capital bearing assets these will be owned in common by the holders of A Stock and any capital gains from them will be distributed uniformly to them. | ||
<li> Exiting | <li> Exiting contractors whether casual or full-time may retain their voting rights but are cashed out of the WIK economy. | ||
<li> There will be no board of directors or management structures of any kind except as provided by these rules. Working groups are expected to self organize and there is no distinction except between the founding and other contractors as stipulated in the first 5 articles. | <li> There will be no board of directors or management structures of any kind except as provided by these rules. Working groups are expected to self organize and there is no distinction except between the founding and other contractors as stipulated in the first 5 articles. | ||
<li> A non-voting C share type sold publicly, may be introduced later, but the price may not be lower than twice the current A stock dividend for a year. A bought C Share will have the nature of a bond with a fixed date of maturity equivalent to a struck price which shall not be less than the A Stock dividend for one year and which will be fully amortised when the principal and struck rate of return are paid. | <li> A non-voting C share type sold publicly, may be introduced later, but the price may not be lower than twice the current A stock dividend for a year. A bought C Share will have the nature of a bond with a fixed date of maturity equivalent to a struck price which shall not be less than the A Stock dividend for one year and which will be fully amortised when the principal and struck rate of return are paid. | ||
