GITBOOK-1062: add voting policy + Update to byLaws

Author: l-br1

SUMMARY.md

@@ -76,7 +76,7 @@
       * [Smart contract types](cardano-facilitation-services/cardano-budget/intersect-administration-services/smart-contracts-as-part-of-our-administration/smart-contract-types.md)
       * [Treasury contract partitions](cardano-facilitation-services/cardano-budget/intersect-administration-services/smart-contracts-as-part-of-our-administration/treasury-contract-partitions.md)
       * [Oversight](cardano-facilitation-services/cardano-budget/intersect-administration-services/smart-contracts-as-part-of-our-administration/oversight.md)
-      * [Oversight  Committee: How to verify a Fund Smart Contract Action](cardano-facilitation-services/cardano-budget/intersect-administration-services/smart-contracts-as-part-of-our-administration/oversight-committee-how-to-verify-a-fund-smart-contract-action.md)
+      * [Oversight Committee: How to verify a Fund Smart Contract Action](cardano-facilitation-services/cardano-budget/intersect-administration-services/smart-contracts-as-part-of-our-administration/oversight-committee-how-to-verify-a-fund-smart-contract-action.md)
       * [End-to-end process](cardano-facilitation-services/cardano-budget/intersect-administration-services/smart-contracts-as-part-of-our-administration/end-to-end-process.md)
       * [Considerations and feature backlog](cardano-facilitation-services/cardano-budget/intersect-administration-services/smart-contracts-as-part-of-our-administration/considerations-and-feature-backlog.md)
     * [2025 Request For Proposal (RFP)](cardano-facilitation-services/cardano-budget/intersect-administration-services/2025-apply-for-tender/README.md)
@@ -185,6 +185,7 @@
   * [Intersect Members Policies](legal/policies-and-conditions/intersect-members-policies/README.md)
     * [Intersect Membership Agreements](legal/policies-and-conditions/intersect-members-policies/intersect-membership-agreements/README.md)
       * [Intersect Membership Agreement V1](legal/policies-and-conditions/intersect-members-policies/intersect-membership-agreements/13th-may-2024-intersect-membership-agreement.md)
+    * [Intersect Voting Policy](legal/policies-and-conditions/intersect-members-policies/intersect-voting-policy.md)
     * [Code of Conduct](legal/policies-and-conditions/intersect-members-policies/code-of-conduct.md)
     * [Privacy Policy](legal/policies-and-conditions/intersect-members-policies/privacy-policy.md)
     * [Data Access and Confidentiality Policy](legal/policies-and-conditions/intersect-members-policies/data-access-and-confidentiality-policy.md)

legal/intersects-bylaws.md

@@ -38,7 +38,7 @@ _(a Wyoming nonprofit corporation)_ 
 
 1\) General Powers. The affairs of the corporation shall be managed by its Board of Directors. Directors need not be residents of the State of Wyoming, but they shall be natural persons who are at least eighteen years of age.
 
-2\) Board Membership. The Board of Directors shall consist of five a maximum of (5) Directors. The initial Board of Directors shall consist of the individuals named appointed by the incorporators of the corporation. The initial directors shall be replaced in the order determined by the Board of Directors consistent with the election requirements provided in this Article III and the Members Governance. At all times, the corporation shall have at least three (3) Directors. The Board of Directors, by majority vote, may establish a range for the size of the Board of Directors by fixing a minimum and maximum number of Directors, so long as the minimum number of Directors is at least three (3).
+2\) Board Membership. The Board of Directors shall consist of seven a maximum of (7) Directors. The initial Board of Directors shall consist of the individuals named appointed by the incorporators of the corporation. The initial directors shall be replaced in the order determined by the Board of Directors consistent with the election requirements provided in this Article III and the Members Governance. At all times, the corporation shall have at least three (3) Directors. The Board of Directors, by majority vote, may establish a range for the size of the Board of Directors by fixing a minimum and maximum number of Directors, so long as the minimum number of Directors is at least three (3).
 
 3\) Term of Office. Each Director shall hold office until his or her successor shall have been elected and qualified.
 

legal/policies-and-conditions/intersect-members-policies/intersect-voting-policy.md

@@ -0,0 +1,35 @@
+# Intersect Voting Policy
+
+Intersect is a member led organization, as such member are required regularly to participate in votes and elections.
+
+## Voting event types
+
+Currently there are two types of vote:
+
+* Elections: This types of votes allow members to propose the voting options or more generally to apply as candidates.
+* Polls: This types of votes provide to members 2 or more options to select from.
+
+Common Voting events currently include:
+
+* Committee elections: The voting event where Intersect members elect one or more committees.
+* Board elections: The voting event where Intersect members elect one or more board members.
+* Chair elections: The voting event where Intersect members part of an existing Committee or the Board elect their respective chair.
+* General polls: The voting event where members are asked to provide their opinion on any general matter.
+
+## Existing voting rules
+
+* Only paid members are allowed to join Intersect voting events
+* For committee elections
+  * Only paid members are allowed to apply
+  * Only those who have been paid members for at least 3 months OR that have followed the process to verify themselves are allowed to vote
+* For board elections
+  * Only paid members are allowed to apply
+  * Only those who have been paid members for at least 6 months OR that have followed the process to verify themselves are allowed to vote
+
+## Election voting results - elected members terms
+
+During the 2025 election, 4 members will be elected to the board. The two top-voted candidates will get a 2-year term, the next 2 will get a 1-year term (assuming they remain in good standing membership).
+
+The above is done to start a process that staggers elections, keeping continuity in the board. From 2026 we will elect 2 seats with a 2 year term, starting a cycle to elect every year 2 board seats.
+
+\