Difference between revisions of "Grove Charter"

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= Board of Directors, Shareholders, & Voting =
 
= Board of Directors, Shareholders, & Voting =
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=== Calendar and Scheduling ===
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To simplify matters, this schedule exists to clarify when certain events are to take place. It also serves to define specific terms related to those events.
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{| class="wikitable"
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|-
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! When is the quarter                          !! When are they elected        !! When do they start & when are dividends paid
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|-
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| 1st Quarter: January, February, and March    || 3rd Full Weekend of December  || 1st of January
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|-
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| 2nd Quarter: April, May, and June            || 3rd Full Weekend of March    || 1st of April
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|-
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| 3rd Quarter: July, August, and September    || 3rd Full Weekend of June      || 1st of July
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|-
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| 4th Quarter: October, November, and December || 3rd Full Weekend of September || 1st of October
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|-
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|}
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The Board of Directors is elected by the Shareholders Quarterly. This happens on the third full weekend (Saturday and Sunday) of the third month in each quarter. The newly elected Board serves from the 1st day of the new quarter to the last day of that quarter. This creates an overlap to ensure continuity and adequate transfer of information. Dividends are paid on the 1st day of the new quarter.
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=== Responsibilities ===
 
=== Responsibilities ===
 
The Board of Directors (The Board, BoD) is the shareholders' voice in the company. They are responsible for;
 
The Board of Directors (The Board, BoD) is the shareholders' voice in the company. They are responsible for;
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* To approve or reject the merger or acquisition of assets.
 
* To approve or reject the merger or acquisition of assets.
 
* To approve or reject the sale of any assets.
 
* To approve or reject the sale of any assets.
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All shareholders are entitled to vote on major changes, as determined by the Board of Directors. All day-to-day matters and responsibilities are entrusted to their representatives in the Board of Directors.
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* Shareholders are solely entrusted with the power to amend or alter this Charter. Any vote will require a 2/3<sup>rds</sup> majority of the owned shares, numerically represented as by 333,333,334 shares. Any fewer shares voting in favour of the measure will result in the measures failure.
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* In all voting matters, except where explicitly stated and defined, each share casts a single ballot. In short, 1 share = 1 vote.
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* For all other voting matters, a participation quorum of no less than 2/3<sup>rds</sup> of the owned shares must cast ballots for the voting to be valid. This is calculated not per-issue, but for the entirety of the session called.
  
 
=== Makeup of the Board ===
 
=== Makeup of the Board ===
The Board consists of a total of Seven (7) individuals. The Chairperson of the Board, Chief Executive Officer, Chief Operations Officer, Chief Financial Officer, and three additional Elected Shareholders.
+
The Board consists of a total of Seven (7) individuals who are elected quarterly by the Shareholders. The CEO by virtue of their position as head of the company is a non-voting member. The Shareholders' representatives who are elected are required to maintain shares. In the event that a Board Member sells their shares, resigns, or is forcibly removed from their position, an emergency election is called to fill the newly created vacancy for the remainder of their term.
  
{| class="wikitable" style="margin: auto"
+
The Board Members elect from their ranks a Chairperson, who will serve as the coordinator of all Board activities. They will further have the responsibility for overseeing any Board voting, and settling any disputes within the Board. The Board may, at its discretion, elect a new Chair at any time from within their ranks. To better assure continuity, the Chairperson is forbidden from selling any shares they own in the company for the duration of their term as Chair.
! colspan="3" style="text-align: center;" | Board of Directors
 
|-
 
| CEO
 
| rowspan="2" style="text-align: center;" | img
 
| Chair
 
|-
 
| CFO
 
| COO
 
|-
 
| Shareholder
 
| Shareholder
 
| Shareholder
 
|}
 
  
 
==== Election to the Board ====
 
==== Election to the Board ====
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At each quarterly meeting of the shareholders, the CEO or their designated official if applicable, in their capacity as the Election Manager, will oversee the election of a new Board of Directors. During this process, any Shareholder who wishes to stand for election must notify the Election Manager. It is then the Election Managers responsibility to sufficiently inform the Shareholders of the Candidates, and make a channel available for the Shareholders to question their compatriots who hope to represent their interests on the Board.
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At the prescribed time, voting will proceed for 48 hours ''or'' until 75% of all shares have cast ballots '''and''' the remaining 25% of shares will not change the makeup of the Board. Each share owned entitles the shareholder to a single ballot.
  
 
= Officers & Leadership =
 
= Officers & Leadership =
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Under the board of directors serves five officers who manage and grow the company. They are as follows:
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# The Chief Executive Officer (CEO) is responsible for the overall management of the company, its assets, and its employees. The CEO is a non-voting member of the Board of Directors.
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# The Chief Operations Officer (COO) is the second in command of Grove. Their primary job function is to manage staffing. The Chief Operations Officer is the next-in-line in case executive decision is needed but the CEO is not available.
 +
# The Chief Financial Officer (CFO) is responsible for presenting a quarterly budget and audit to the board of directors. They are also responsible for distributing any dividends to the shareholders.
 +
# The Chief Marketing Officer (CMO) is responsible for organizing marketing campaigns as well as anything dealing with the company marketing plan.
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# Chief Customer Officer (CCO), is responsible for customer relationship management.
 +
 +
Previously the Chief Operating Officer was also responsible for overseeing shareholders, dividends, the charter and all corporate documents. This duty has been transferred to the Chairperson of the Board of Directors, with the exception of dividends which were instead assigned to the Chief Financial Officer.
  
 
= Dividends =
 
= Dividends =
 +
Dividends are equal to 30% of Grove’s income divided by shares. Dividends are paid once a quarter.
  
 
= Adoption =
 
= Adoption =

Revision as of 18:59, 17 March 2020

Grove Investment is a company that strives to become a better company, make a better Orbis, and make each person a better person. Grove Investments is the corporate headquarters for all Grove investment property/assets. Grove Investments believes strongly in Investments as well

The corporate charter of Grove Investments is designed to be the organizing back-bone of Grove Investments. As well as inform clients and investors of our way of operating.

Types of Investments

Any person, alliance or business that operates in Politics and War is permitted to invest in grove businesses

Hedge Funds

When investing in Grove hedge funds, Orbis economic professionals invest your funds in a variety of businesses and investment opportunities across Orbis. The Hedge fund rules are as follows:

  • Hedge Funds have a minimum investment of $2,000,000
  • Hedge Funds have a three week maturity time, meaning you can not withdraw your hedge funds for three weeks.
  • Grove Investments gets 12% of total profits (cash you invested - value after withdrawn)

You are guaranteed no losses - if shares go down then Grove will buy them at the same price we acquired them on your behalf

Shares

You can directly buy a part of Grove Investments by purchasing shares, when purchasing shares you actually own a part of Grove Investments and have the opportunity to vote on resolutions and serve on the board of directors.

  • There is a total of 500,000,000 shares in existence
  • When buying shares from Grove, the cost per share is $4.00
  • The minimum amount of shares you can buy from Grove is 2,500,000
  • There is no limit on how many shares you can buy from other investors
  • Investors may not sell their shares until 75% (375,000,000) shares that were company owned have been sold.
  • When selling your shares you must log your transaction in #share-receipts of the Grove Investments server and pinging @executive, @Lord Vader or @Forest.

Subsidiary Companies

Some of Grove’s companies may sell shares independent of corporate shares, please see the respective business administration for further information.

Bonds

Grove’s banks generally offer bonds, further information can be requested from the bank administration. Grove does not directly offer bonds.

Board of Directors, Shareholders, & Voting

Calendar and Scheduling

To simplify matters, this schedule exists to clarify when certain events are to take place. It also serves to define specific terms related to those events.

When is the quarter When are they elected When do they start & when are dividends paid
1st Quarter: January, February, and March 3rd Full Weekend of December 1st of January
2nd Quarter: April, May, and June 3rd Full Weekend of March 1st of April
3rd Quarter: July, August, and September 3rd Full Weekend of June 1st of July
4th Quarter: October, November, and December 3rd Full Weekend of September 1st of October

The Board of Directors is elected by the Shareholders Quarterly. This happens on the third full weekend (Saturday and Sunday) of the third month in each quarter. The newly elected Board serves from the 1st day of the new quarter to the last day of that quarter. This creates an overlap to ensure continuity and adequate transfer of information. Dividends are paid on the 1st day of the new quarter.

Responsibilities

The Board of Directors (The Board, BoD) is the shareholders' voice in the company. They are responsible for;

  1. The election, appointment, removal, termination, reinstatement, and regulation of all corporate officers.
  2. Reviewing corporate assets and working with the Chief Financial Officer to plan and approve corporate budgets.
  3. Working with the Chief Operations Officer to ensure efficient and successful operation of all businesses.
  4. Overseeing the acquisition and sale of Grove assets, including businesses and intellectual rights.

Powers & Authority

The Board is granted the following powers in addition to those granted to Shareholders. They are obligated:

  • To approve or deny the quarterly budget.
  • To terminate or appoint any Officer. Terminations or appointments should happen only once per quarter, except under extenuating circumstances.
  • To approve or reject the merger or acquisition of assets.
  • To approve or reject the sale of any assets.

All shareholders are entitled to vote on major changes, as determined by the Board of Directors. All day-to-day matters and responsibilities are entrusted to their representatives in the Board of Directors.

  • Shareholders are solely entrusted with the power to amend or alter this Charter. Any vote will require a 2/3rds majority of the owned shares, numerically represented as by 333,333,334 shares. Any fewer shares voting in favour of the measure will result in the measures failure.
  • In all voting matters, except where explicitly stated and defined, each share casts a single ballot. In short, 1 share = 1 vote.
  • For all other voting matters, a participation quorum of no less than 2/3rds of the owned shares must cast ballots for the voting to be valid. This is calculated not per-issue, but for the entirety of the session called.

Makeup of the Board

The Board consists of a total of Seven (7) individuals who are elected quarterly by the Shareholders. The CEO by virtue of their position as head of the company is a non-voting member. The Shareholders' representatives who are elected are required to maintain shares. In the event that a Board Member sells their shares, resigns, or is forcibly removed from their position, an emergency election is called to fill the newly created vacancy for the remainder of their term.

The Board Members elect from their ranks a Chairperson, who will serve as the coordinator of all Board activities. They will further have the responsibility for overseeing any Board voting, and settling any disputes within the Board. The Board may, at its discretion, elect a new Chair at any time from within their ranks. To better assure continuity, the Chairperson is forbidden from selling any shares they own in the company for the duration of their term as Chair.

Election to the Board

At each quarterly meeting of the shareholders, the CEO or their designated official if applicable, in their capacity as the Election Manager, will oversee the election of a new Board of Directors. During this process, any Shareholder who wishes to stand for election must notify the Election Manager. It is then the Election Managers responsibility to sufficiently inform the Shareholders of the Candidates, and make a channel available for the Shareholders to question their compatriots who hope to represent their interests on the Board.

At the prescribed time, voting will proceed for 48 hours or until 75% of all shares have cast ballots and the remaining 25% of shares will not change the makeup of the Board. Each share owned entitles the shareholder to a single ballot.

Officers & Leadership

Under the board of directors serves five officers who manage and grow the company. They are as follows:

  1. The Chief Executive Officer (CEO) is responsible for the overall management of the company, its assets, and its employees. The CEO is a non-voting member of the Board of Directors.
  2. The Chief Operations Officer (COO) is the second in command of Grove. Their primary job function is to manage staffing. The Chief Operations Officer is the next-in-line in case executive decision is needed but the CEO is not available.
  3. The Chief Financial Officer (CFO) is responsible for presenting a quarterly budget and audit to the board of directors. They are also responsible for distributing any dividends to the shareholders.
  4. The Chief Marketing Officer (CMO) is responsible for organizing marketing campaigns as well as anything dealing with the company marketing plan.
  5. Chief Customer Officer (CCO), is responsible for customer relationship management.

Previously the Chief Operating Officer was also responsible for overseeing shareholders, dividends, the charter and all corporate documents. This duty has been transferred to the Chairperson of the Board of Directors, with the exception of dividends which were instead assigned to the Chief Financial Officer.

Dividends

Dividends are equal to 30% of Grove’s income divided by shares. Dividends are paid once a quarter.

Adoption