The Constitution of The Imperial Commonwealth
Will be passed into Law & signed by the Directors & CEO on June 1st 2012.
The Imperial Commonwealth Corporation:
Ideology: Aequitas-Inter-Res-Publica (Public Vote cast to change it September 1st)
Mission Statement: To be a model for future Corporations of EVE-Online. To also be as transparent in doing so, so that our decisions, actions, and consequences are displayed for all of EVE to learn from. Participation in the Corporation’s creation and formation is strongly encouraged by not only its members, but by the public of EVE players as well. The Corporation provides fun, active, and an engaging environment for its Citizens and shareholders so that it encourages the growth of EVE-Online and its member base. The mission statement will be voted on sometime in the month of June in order for it to be changed through a Public Vote.
Goal: TBD through a Bill proposal and public vote on July 4th, 2012.
Shares: The Corporation goes Public Now? 49% of the shares will be divvied out to current corporate members in order for them to save as an investment, return a set amount of shares back to the Corp for a Face Value payout, or to sell to the Public at whatever price they deem fair. Each share is worth the Face Value determined by an Imperial Vote, but that Value is never lessened as it only is permitted to increase. Public Votes are required to Increase the Face Value by a limited percentage per Quarter, and need to be enacted through an Imperial Vote. Also an increase in Shares by a limited percentage per Quarter, will require a Public Vote that must be enacted by an Imperial Vote. Lastly, Dividend payouts are proposed by an Imperial Vote and passed by a Public vote as well (The Imperial Vote determines the amount while the Public Vote determines if it will Pass. Dividend payouts are automatically proposed every Quarter to be voted upon. Percentage limits will be voted on in July. No more than 1000 shares per Quarter? No more than 5% Dividends? TBD.
Alliance: May eventually join or create an Alliance after it has built up a good amount of solid active players. The creation or joining of an Alliance must pass through a public vote and proposed by the CEO or an Imperial Vote.
Structure: To be determined through the creation of a constitution for the Corporation. Will be signed and enacted by the CEO & COO & Imperial Council & Commonwealth. The structure is as follows:
Links: - The Imperial Commonwealth Website
- Will host a private forum for members only.
- Will also have a private sub-forum for Directors, CEO, and COO.
- Will host the soon to be updated Kill-List (Activity within Game).
- The Imperial Commonwealth Public Sub-Reddit
- History of EVE Sub-Reddit (For posting historical stories relating to EVE)
- TIC’s Chronicle will be a History of the Corp composed by Zinx 007
- Will be posted on the website to promote the Corp’s image.
Public Votes:
- Needs 51% to pass a Bill into Law.
- Voted on by every shareholder of the Corporation.
- Shares are divided as follows: CEO 2% held by COO, Imperial Council 49% held by Corporation, and 49% held by members or public shareholders. This Ratio is the Balance of Power Ratio that can never be changed nor shares inflated to imbalance it. (No Coins, No Bills, No Death unless by request & recommendation)
Imperial Votes:
- Needs Majority to cast its Unison Vote of 49% of the shares.
- 1 Vote per Director per Department. A Director can run multiple Departments.
- Consists of an Odd number of Directors to avoid a stalemate.
- Can be enacted by the CEO at anytime.
- Is held by the Corporation with highly restricted access.
- Can call on itself to propose a Bill to be passed through a public vote.
- Any Director can propose a Bill enacting an Imperial Vote to enact a Public Vote to pass said Bill into Law. Daisy-Chain.
- Current Directors are not allowed to own any shares of the Corporation.
- Imperial Votes do not have to be public, to be determined by the CEO.
Executive Votes:
- Held by the COO, who follows orders from the CEO, but casts the 2% Executive Swing Vote.
- CEO can call upon an Imperial or Public Vote at any time.
- Is required to call upon a Public Vote in order to declare War.
- CEO cannot propose Bills, but can lobby for some to be proposed by others.
- Current CEO cannot hold shares of the Corporation. His 2% are held by COO.
Commonwealth Votes:
- Consists of the 49% of commonwealth shares held by TIC members and the public stakeholders.
- Does not have to vote in Unison, Can abstain from a Vote unlike the Imperial Council and CEO.
- Can propose Bills and enact Commonwealth Votes.
- During a Commonwealth Vote, the CEO must vote, and the Imperial Council casts its votes by the division of shares they hold determined by the Departments they run. This way the Imperial Vote is not in Unison and a Director can side with the Commonwealth to get a Bill passed. Directors Imperial Shares = 1 + #of Departments run / Total amount of Imperial Votes = #of Shares casts in his name.
Commonwealth Votes are Public.
Balance of Power
- 3 Branches of the Corporation.
- CEO (Executive)
- Consists of a player elected by the people, nominated by Council.
- COO (Executive/Legislative/Judicial Duties)
- The Law Enforcer & DD
- Is basically like a VP by acting on the CEO’s behalf.
- Has an impeccable record with at least 10% of the original members of the corporation (As in a member of TIC for any period of time before June 1st, 2012) and 10% of the new members of the corporation (Anyone who is or has been a member after June 1st, 2012.)
- The Imperial Council (Judicial)
- Consists of set of Directors, an odd number is necessary for stalemate. - Directors must handle a Department for the state.
- Commonwealth Shareholders (Legislative)
- Consists of the public shareholders and Citizens (members) shares. - CEO and Council and Citizens form to create a State.
- Public shares owned by players are shareholders who are not a citizen
- When a Bill is voted on, there is either an imperial vote or a public vote.
- An imperial vote is done by the directors and with the CEO’s approval, they create a 51% yes vote to pass the Bill and create a Law.
- A public vote is done by the commonwealth. A public vote consists of the 49% of the commonwealth and along with the CEO’s vote or Imperial Councils vote.
- Every Quarter (3 Months), a set of votes are enacted automatically, submitted by the COO.
- One is the election process of the incumbent CEO.
- One is on whether to pay out a dividend.
- One is whether or not to increase shares.
- A vote is made to elect a new Director to add, or replace a retiring Director.
- This only happens if a Director applies for retirement.
- Or if there is an even # of Directors in the Council it needs an odd #.
- A vote is called to eject any ELoA members who have not returned as they indicated on their Application for a ELoA.
- Every Period (One Year)
- A vote is called for the Imperial Council to decide whether to change COO? This is doubtful, but will be submitted after the first year if passed into Law.
- If a CEO has been in Office for 4 terms, he is removed and a new election held.
- More to be determined later.
Shares
- 2% for CEO, but held by Chribba or COO for protection of the Corp.
- In the event that the COO is holding the CEO shares, he casts vote for CEO as fit.
- 49% for Imperial Council held by Chribba or Designated Director.
- The DD or Designated Director casts the single vote for the Imperial Council.
- The DD can be a separate corporation. Like a Bank called the BBB or B3EO. (Better Banking Bureau of Eve-Online).
- Prefer this to be Chribba who would basically head IC department, but that is to be determined after talks with Chribba are completed. Otherwise, a trusted corporation will start as the DD or a trusted member, to be determined.
- 49% for Commonwealth
- 2% of the total shares are required to be held by a secret nameless member of the Corporation. Only a few in the Imperial Council knows his identity, One is the Securities Officer, and two is the COO. This protects the Corporation from a corporate takeover. So that no other entity may take control of 51% of the TIC shares. He/She is known as the SSC (Secret Service Citizen).
- When new shares are created through a vote, then the True Face Value changes.
- This negates inflation. Change of 1000-10000 shares would not devalue shares.
- If 9000 shares created, then the Total Value/shares(exclude new) = Face Value.
- Example: 1000 shares, Total Value = 10 billion, Face Value = 10 million.
- New Face Value = Total Value/shares(add new) = True Face Value
- Example Total Value/1000+9000 shares = True Face Value.
- The Face Value might start as (1 Plex = 2-10 shares) with a goal of 1 Plex per Share.
- The Corporation will attempt to continually up the Face Value of shares.
- The Face Value will eventually reach the Value of 1 Plex per Share.
- Plex’s will be TIC’s Anchor Currency. Traded and Collected to stabilize price.
- The Total Value*49% of the Corp is ALWAYS held by DD or is in the Corporations Wallet Saving designated for just this, save only the commonwealths. So he receives the Dividends and pays it to the Directors based on how many votes they have for the Imperial Council / Total votes of Imperial Council.
- A Bill to create new shares is always proposed every 3 months.
- The shares are only allowed to be increased by a factor of 2 or by 1000 shares.
- This needs to be voted on.
- The Total Value can increase if the Corporation invests in itself.
- Dividends can be paid out to increase market activity of shares.
- These shares will also create a Stock Market when traded/sold.
- The shares are created and given to members, who then sell them.
- The Corporation is required to keep the value of all the commonwealth shares in a Savings Account held by a trusted person, maybe Chribba or the COO or DD.
- This is because it needs to be able to buy back shares at anytime.
- A Shareholder can request his share payout at anytime. Must wait up to 1 week.
- If a shareholder wants the ISK instantly, he can take a cut in price.(10-20%).
Voting
- Only the CEO and a majority vote of the Shareholders can initiate a vote.
- CEO: Leases 2% of the corporation, it is traded to the new CEO after resignation
- Imperial Council: Owns half of TIC save the CEO’s shares = 49%
- The shares of the Council are evenly split and held by a single Director.
- Commonwealth” Owns half of TIC save the CEO’s shares = 49%
- Votes can be activated anytime by the CEO only. These votes are called Bills.
- The CEO has to choose from an available Bill Proposal from a Bills List.
- Once the vote is called and finished, the Bill either takes effect as a Law or dismissed.
- Laws can always be repealed at anytime through a Bill Proposal.
- Bills must get a majority vote to be passed into Law by CEO, Council, Commonwealth.
CEO: (Chief Executive Officer)
- Only the Council can nominate the new CEO through an imperial vote.
- Is elected by the Council & Commonwealth, his 2% shares are automatically cast yes.
- Is given 2% of total shares to create a swing vote.
- Forfeits shares back to the Corporation upon retirement.
- Upon retirement, the ex-CEO is given a hefty pension plan as public shares.
- Can run no more than 4 terms consecutively, but is able to run again after a one or two term break. These numbers and almost any numbers mentioned are debatable and will be voted upon to be changed..
- Has the sole right to enact votes on Bills save the votes that are auto cast.
- Cannot create a Bill Proposal, but can convince a Director or Citizen to lobby for it.
- Has executive power that gives him some special abilities that don’t require votes.
- Executive Power:
- Can create and fill Departments.
- More to be decided as needed and through votes.
- Wartime Executive Powers:
- Cannot declare War, but is able to carry out executive orders during wartime to protect the corporation and provide it with security and defense. These orders only need to be proposed to the Council who makes a separate vote to determine whether to proceed or not with the Wartime Bill Proposal. It is then voted upon which the CEO and Council vote yes.
- More to be decided upon through votes.
COO: (Cheif Operating Officer)
- Follows CEO’s orders as “Acting CEO” (Is the COO Acting or CEO?)
- Also either holds on to the CEO’s shares, or is the Acting “CEO”.
- This way the CEO can never do anything bad for the corp.
- This also means that 51% of shares are not owned by one person.
- The COO cannot be the same as the DD. The COO can be a director possibly if elected by a public vote. Different than the DD for the Imperial Council so that the DD has 49%, the COO/CEO has 2%, and the commonwealth has 49%. (2% of the commonwealth is held by the Security Officer or the Secret Service Citizen (SSC).
- Holds shares for the CEO and casts the CEO’s vote or just the CEO’s vote to keep the corporation public. Still in question.
- Is the most trusted person in the corporation & is a permanent position.
- The COO is allowed to retire, but he is the only one who selects the new COO. The COO is not voted upon.
- The CEO is the in-game CEO of the Corporation but only acts as the CEO, he is basically a tool for the CEO because he enacts the CEO’s orders.
The Imperial Council:
- Consists of usually an odd number of Directors
- Directors are required to run a Department of their choosing for the Corporation.
- Directors can run multiple Departments
- A Director can only take on a new department through a passed Law or CEO’s orders.
- Directors own 49% of the Corporation which are held by the DD.
- A Director is assigned his shares upon his position, returned upon retirement.
- These shares are held by Chribba or DD.
- Directors have a pension/retirement plan through receival of public shares.
- If there is a stalemate amongst the Directors, then a new Directorship is created/filled.
- A Directorship is a head of a department, so basically a new Department.
- Directors debate behind closed doors, but always vote in unison as an imperial vote.
- During a vote, each Director has 1 vote (possibly 1 per Department run)
- The votes among the Directors are tallied and majority wins.
- The Imperial Council then casts their public vote in unison of 49%.
- Each Director is not only required to have a Reddit account for the public forum, but also a private account for the Corporation’s private forum in order to cast an Imperial vote. The private forum will be hosted on The Imperial Commonwealth Website
The Commonwealth:
- Consists of members of the corp, known as Citizens, and public shareholders.
- Owns 49% of the corporation.
- Citizens EVE subscriptions are paid for through shares or Plex’s
- Citizens are required to play at least 4-6 hours per week minimum. Or they must contribute to the Corporation in some other form approved by a Director or the CEO. This can even be out of game or in game, providing support, effort, and/or functions and uses for the Corporation.
- Citizens who excel at what they do will receive extra shares at no cost.
- Citizens who are not active for one month will forfeit their Plex or share to pay for their subscription.
- Citizens who are inactive for over 1 month must apply for an Extended Leave of Absence (ELoA) or they will be removed from the Corporation. They are given a warning message and have 1 month to become active or apply for a ELoA (Extended Leave of Absence).
- Citizens can keep the shares if they like. Or they can trade one for the Face Value or any other value they can bargain for. Or they can trade it in for the Face Value
- The Commonwealth or public shares are given to Citizens for the sale to the public or to trade for Face Value.
- Current Citizens have first grabs at the public shares when released. They can purchase them for a discount, probably 10-20% of Face Value.
- Former Citizens of TIC are allowed to buy shares when released to the public, but are only offered any shares that have not been called for by a current Citizen. They are able to purchase the shares for a smaller discount, probably 5-10%
- After shares are offered to Current Citizens and then Former Citizens of TIC, the remaining part of the commonwealth shares are offered to the entirety of EVE for Face Value.
- Every public shareholder who owns 1+ shares will receive light blue status if not a Citizen for protection provided by TIC.
- To become a Citizen, the following is required.
- Must have been a former TIC member or vouched for by a current TIC Citizen.
- Must be 18 years of age, exceptions can be made but require CEO approval.
- If not a former TIC member, then an application must be filled and the player will go through training aimed at shaping the pilots skills, while at the same time testing not only his willpower but also his valor and nobility. The player will also have to be vetted by the Security Program intended to keep out thieves, and other negative forces.
- Citizens are required to have a Reddit account to be able to upvote and downvote Bills and such on the Public Sub-Reddit for TIC (www.reddit.com/r/TIC). They are required to participate in the public forums and encouraged to submit links.
- A Citizen can create a Bill Proposal and submit it as a link to the TIC sub-Reddit. This way it can be upvoted and downvoted to indicate its popularity.
Starting Departments:
- Economics )Revenue/Expenses/SE) COM
- Assigned to handle the Business side of the Corporation. Will participate in Market activity as well as other ventures to create profit and increase the dividend amount or the Face Value of the shares.
- Fleet (PVP) SEALS
- FC Powers to be determined by Imperial Votes.
- Director of the Navy is the head FC.
- Consists of every active PVP Fleet Pilot.
- Provides in-game Security & Protection for the Corporation and its shareholders.
- IT (Information Technology) EDU
- Mostly helps out of game to maintain websites and such.
- Has other private duties only known to the Imperial Council.
- Security NSA
- Heads Security & Defense of Corporation
- Can kick members at any time for Security Reasons, but must go through an Imperial Vote, except during Wartime.
- Does Background Checks (BC) on new Citizens and returning members.
- Logistics (Support)/Travel/Time
- Plans, directs, and carries out logistics for the Corporation.
- Transports products and commodities for the Corporation.
- May eventually transport at cost or a 5% markup for Public Shareholders.
- May also eventually transport items for Citizens for free if related to Corporate activity.
- Research & Developement (DIS/Tesla/Hyper-Loop)
- Researches BPO’s for the Corporation and its Citizens.
- Researches data on the Corporation.
- Industrial (SWEHL.Org) ENERGY Production (SE))
- Produces items for the Corporation.
- Sells them at cost to Corporation Citizens.
- Public Shareholders get a discount on the Products where there is merely a 5% markup from cost price. May Be lower depending on what will be decided later.
- The Starting Departments will consist of the 7 Departments & 7 Directors. The rest will be voted upon by an Imperial Vote as the corporation grows. If approved, then a Public Vote is cast to determine the Director of said Department.
- These Departments will be filled as necessary and the amount of Officers (Directors) and Workers (Citizens) assigned will be decided upon as the Corporation grows. Starting amounts will be determined by the COO or CEO or the Council, to be determined later.
*- Accounting: (Extra Department created after the first Term)
- Simple data collection on the Corporation and auditing. Also calls an Audit from an independent source either a player or corporation with an excellent name and history. This will prevent corruption by the leadership of the Corporation.
Signatures:
- Chief Executive Officer (Executive): - _______ - -X- .
- Chief Operating Officer: (Executive) - _________ - -X- .
- The Imperial Council (Judicial):
- Director: InfoTech === - ______ - -X- .
- Director: Economics === - _____ - -X- .
- Director: Security === - _____ - -X- .
- Director: PVP Fleet === - _________ - -X- .
- Director: Logistics === - _____ - -X- .
- Director: R&D === - ____________ - -X- .
- Director: Industrial === - _____ - -X- .
- The Commonwealth (Legislature):
- Citizen: - ____ - -X- .
- Citizen: - ____ - -X- .
- Citizen: - ____ - -X- .
- Citizen: - ____ - -X- .
- Citizen: - ____ - -X- .
- Citizen: - ____ - -X- .
- Citizen: - ____ - -X- .
|| Drafted by Zinx 007 || Edited by Vulcar ||