Hedera is governed through a limited liability company (LLC) agreement, a legal agreement to which all Council members are a party. The LLC agreement includes voting thresholds for various Council actions. The plan is to make the key terms of the LLC agreement publicly available after more companies have joined the Council and when we no longer expect material revisions to the agreement.
Articles in this section
- Can Hedera pursue Central Bank Digital Currency Initiatives?
- Who serves on Hedera’s Board of Managers?
- How does Hedera address perceived or actual conflicts of interest between Hedera and individual Council members?
- How does the Council divide its governing responsibilities?
- How are Council members selected?
- Who formed the Council? When was it created?
- Did Hedera pay Council members to join the Council?
- What economic rights do members of the Council have?
- What are the responsibilities of Council members?
- Who owns Hedera Hashgraph, LLC? Why was it structured this way?
- What are the requirements from the Council members, i.e. how much of an obligation do they sign on for?
- Who owns the coins in the treasury?
- Is there a limit to the number of companies from any one industry that can be on the Council at any given time?
- How frequently will the Council members meet?
- Will the Council publish which decisions require unanimous vs super majority agreement?