AET GOVERNANCE
SO … HOW ARE YOU GOING TO VOTE ON TRANSFORMING THE WORLD?
AUG, 2018 — ART / EARTH / TECH NUCLEUS
QUESTION
What are the governance structures, patterns and practices we should put in place that support:
HYPOTHESIS
Create an explicit membership model, establish a board, create separate voting and revenue shares with a formula for assessing contribution and allocating new [revenue] shares based on contribution; set out clear community agreements; create template agreements for new associated projects and spaces and test these out with the London Hub and at least two projects …
MEMBERSHIP
HOW DO YOU BECOME A MEMBER OF THE COMMUNITY? WHAT ARE THE QUALIFICATIONS AND ACCEPTANCE PROCESS?
You become a member by being an active member of a “family”.
A “family” is a group that meets regularly for mutual support, sharing and exchange rooted in AET values and practices [joy, open-mindedness, getting stuff done, rigour]
Group size: usually ~5-8 people
Meet regularly: at least once a month
Meet: in person by default or online if no other means
How does a member leave?
By ceasing to be actively involved in a family.
Members
Friends & Partners
The World
Art / Earth / Tech Family, Group, Tribe and Community
Family: is a group of 5-7 people that meets regularly for mutual support, sharing and exchange rooted in AET values and practices.
Groups: are between 25 to 45 people that come together at events
Group: ~30
Family: ~5-7
Tribe: ~150 people
Art / Earth / Tech
Community
How does a member leave?
By ceasing to be actively involved in a family.
How can a member be removed?
A member can be removed by Board without recourse or cause by written notice (though obviously endeavour to discuss, complete etc).
Entry - Free - Newsletter
To be a member: member of a family, you need to join a family and be an active member of a family.
L1 Supporter - 25 per year - Invited to our events, newsletter, share research (Yip, Lucie, Ozlem
L2 Member - 15 per month - Member rates for our events, access to timeshare at member rates, access to skills share, become a voting member (Penny, Joe, Nick, Hannah, Awais)
L3 Contributor - x per month - Tom, Cecile, Esteban +++
L4 Shareholder
CONTRIBUTORS
HOW DO YOU GET INVOLVED IN OUR ACTIVITIES? WHAT ARE THE QUALIFICATIONS AND ACCEPTANCE PROCESS? WHAT AUTHORITY DOES IT GIVE YOU? HOW DOES REMUNERATION WORK?
WHAT YOU CONTRIBUTE
Level 1 Supporters
Make a financial and/or in-kind contribution (e.g. regular donation of €10 a month or help run a supper)
Level 2 Contributor
You represent AET, have been a family leader, and have attended at least one Gathering and have actively contributed to one major initiative.
Level 3: Shareholder
L2 + you have and are leading a major event (30 people +) or an initiative and shown competence and commitment. Long-term commitment to AET mission and vision. Attend all quarterly leadership team meeting and training and have done self- transforming work.
LEVEL 2:
Contributors
LEVEL 3:
Shareholder
LEVEL 1: Supporters
Sympathisers
Level 1: Supporter
Have access to some perks e.g. dinner, sprints and Hub at member price.
Pays a membership of €X per month
Level 2: Contributor
Represent AET, collaborate & can be involved in some decision-making on e.g. events
Pays a membership of €X per month; has attended the Gathering once and has gone to 2 events in last year (eg: sprint, dinner, workshop…) and [actively] contributing to at least one initiative
Level 3: Shareholder
L2 + have run major event or an initiative and shown competence and commitment. Long-term commitment to AET mission and vision. Attend all quarterly team meeting and training and miss no more than 2 consecutive monthly meetings. Doing self-transformation work. Continuing to be actively engaged in major [associated] events or initiatives.
LEVEL 3:
Contributors
LEVEL 4:
Shareholder
LEVEL 2: Members of a Family + Run 30 people event + family leader : give you voting over what event we do...
Level 1: Member of a family
SHARES, REVENUE, VOTING & MORE
INTENTION
PRINCIPLES
The core AET entity will operate more like a CIC (community interest company) than a traditional for-profit company though the exact legal structure is tbd.
VOTING & REVENUE SHARES
TODOS
Management
Board + Founding Members
Voting Share
Economical Share
THE BOARD
The board is not remunerated. Board decisions are by majority voting with majority required of both permanent and non-permanent board members.
What are the criteria to be a board member?
To be a Level 3 member and have done the Landmark Forum so that they share a language. Shown past & present commitment to self-development and transformation.
How do you get elected to be on the board?
Consensus invitation by founding board members for a two year term.
How does one leave the board?
To leave the board, we expect 9 months notice. Plus non-permanent serve 2 year terms (can be renewed by agreement of member and board).
How does one remove someone from the board?
Majority vote of permanent and all board members.
Are founding board members governed by the same rules?
No. Permanent members of the board can only be removed by consensus of other permanent members.
MANAGEMENT
COO/CFO: admin, HR, operations and finance
CEO: strategy, direction, business development, partnerships
CMO/CCO: Communications, branding etc
Head of Institute: (CRO) chief research officer
Head of Spaces: manage existing spaces + dev new ones
RELATIONSHIP WITH ASSOCIATED PROJECTS
Who are the stakeholders, what is their value proposition, what is the flow of value between them such that [more] people associate their project with aet, aet has resources for managing, people feel clear on relationship with AET, and AET is managing risks [e.g. reputational] going forward?
Example: London Hub, Datopian
Stakeholders | Value proposition | Value flow: Give | Value flow: Receive |
Owners of Fairchild House [Catalina + Rufus] | - Get access to space (with people there who like / aligned) - Don’t have to manage the space [done by AET] - Admin [AET] - Finding tenants [AET + hub nucleus] - Space / people management [Hub nucleus] - Purpose: contribute to a wiser society and specifically AET Financial [may get these anyway] - Capital appreciation - Get a rent [below market] | - Lend capital at below market rent - Flexibility [capital lent long term] - Support - believe in you | - Hassle free rent [rent to people you trust] - Stay with AET people - Social impact [sexiness] |
Hub Residents / Hub Nucleus | - Live in a beautiful place - Attractive rents - With aligned people - Flexibility but in a community - Part of a bigger community [AET] - CV, Purpose, … - Co-creation of this community - Creative freedom to use the space - Connected to a broader community that nourishes them - Sense of purpose and meaning | - Rents - Time to organize - Belief - Demo / pilot [of coliving, AET] - Presence in London - Represent AET | - Below market rents - Colive with aligned people [access to network of aligned people] = great flatmates - Support - Professional connections and development - Reputation - Purpose |
AET ? depends on our mission | Build the network Base in London that allows AET to - Develop relationships [for business and our broader mission] - Run events - Be in touch with what’s going on - Reputation [we are around] - Recruit Projects - Recruit “Members” Financial - Just for management (not surplus) - Surplus either in-kind or money | - Below market rents - Purpose - Community [e.g. gathering] - A kick-ass nucleus - Management of space - Aesthetics - Values - SCQH - Opportunity to create their dreams | - Surplus in money [Rents] - Surplus in kind e.g. Esteban & Tom helping with Gathering - Contribution to running costs / management - Exposure - more people know about AET plus members - Leads for incubator projects - Cobelieving community with shared values [hard to find] - Experiment in coliving which is directly connected to mission |
Nucleus | General - Purpose: Dedicate my life to something bigger than myself - Agency: Part of creating something bigger than myself - Generous: get to be generous and a contribution - Develop: learn skills, meet people, build CV Building something bigger than yourself Specifics - Subsidized stays in London - Being treated e.g. Florence - Spend time together [without a purpose + resource we would not do it] - Salary (?) Live an extra-ordinary, radical life [purposeful, exciting, respected] | Give - Time & energy [a lot] - Vision - Facilitation Receive - Recognition and reputation - Gets money [if doing management] - A place to stay in London if needed - In kind support from community e.g. Esteban & Tom on Gathering | |
TODO: DATOPIAN VALUE PROPOSITION
Project Network
| Project Creators | Art / Earth / Tech |
Value Proposition | – Support – people who believe in you – Consulting – Expertise – In-kind contribution to team (potential) – Name + Reputation (less atm) – Legal home + bank account [fiscal sponsorship] – Credit (small-scale) – tbd – Network – Access to investors (?) Contribute to Art / Earth / Tech Income sharing and solidarity | – Value flow back for time invested – No need to “meter” / NDA – Risk-sharing – Investment pool of projects that are aligned – Fostering (right) livelihood |
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FAQs
– How does it work for non-profits
– How does it apply to consulting or professional work? [Like income-sharing]
AET Real Estate Co
AET Ltd
AET Investment Co