The Foundation Council has overall responsibility for managing and administering the Foundation and its assets, and for defining the Foundation’s strategy. In line with its Charter, the Foundation Council has delegated the operational and asset management duties to the Executive Committee of the Foundation. The Foundation Council appoints and constitutes itself. It is currently composed of six members, including the Chair of the Foundation Council.
The Executive Committee is entrusted by the Foundation Council with the operational and asset management duties of the Foundation. In addition, the Executive Committee implements the Foundation Council’s resolutions and is, among others, to some extent responsible for investment decisions fostering the Foundation’s purpose.
The Audit Committee monitors the Foundation’s financial and business reporting, including financial statements and tax matters. The audit process includes reviewing the activities, adequacy, and effectiveness of the Foundation’s statutory auditor (PwC Switzerland).
The Investment Committee (IC) provides recommendations and advice to the Foundation Council and the Executive Committee about all investments of the Foundation outside of regular grants and ordinary asset management.
Technical Advisory Committee
The Technical Advisory Committee (TAC) was established to provide recommendations and advice to the Foundation Council and the Executive Committee on all technical matters of the Tezos protocol. The TAC includes external members from throughout the Tezos community.
Nomination and Remuneration Committee
The Foundation Council appointed a Nomination Committee to evaluate and propose new members to the Foundation Council. The Committee is further responsible for the regular assessment of the Foundation’s remuneration model. Please see the News section of our website for more information regarding the future governance structure.