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World Island Kybernetik:About: Difference between revisions
From Cibernética Americana
→Articles of Governance
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<li> Exiting contractors whether casual or full-time may retain their voting rights but are cashed out of the WIK economy. | <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 | <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 at the start of that year. A purchased 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> No other form of equity share, vote, or money, may be created, nor may any employee incur debt or liability in the name of WIK. | <li> No other form of equity share, vote, or money, may be created, nor may any employee incur debt or liability in the name of WIK. | ||
</ul> | </ul> | ||
