Difference between revisions of "Grove Charter"

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{{:Navbar/Grove}}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 [[category:Grove]]
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{{:Navbar/Grove}}At Grove Investments, our top priority is being a better company with better people for a better Orbis. We are a trans-national conglomerate with holdings that span the widest spectrum of services of any company. Whether you're banking, fighting a proxy war with GOONish particularists, selling resources, or looking to skirt an unfair embargo, we've got a company that's got your back. [[category:Grove]]
  
 
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.
 
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 =
 
= Types of Investments =
Any person, alliance or business that operates in [https://politicsandwar.com Politics and War] is permitted to invest in grove businesses
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Everyone in [https://politicsandwar.com Politics and War] is encouraged and welcome to invest with Grove Investments. At Grove, our top priority is improving your financial status. Whether you're with us for a short term or the long haul, we value your business and will always pride ourselves in doing our very best to support your fiscal needs. While we have a great many offerings, there are two ways that you can directly be a part of Grove's community. In addition to these, we will always have exciting opportunities through the companies we own and work with.
  
=== Hedge Funds ===
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=== Grove Elite Mutual Fund ===
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:
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The Grove Elite Mutual Fund (GEM Fund) is a portfolio built from pooled funds with the goal of achieving returns through diversification. This pooling of funds means that we use investment capital from multiple investors to invest in securities that fit a specific strategy.
* 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 ===
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To help maintain the safety and overall health of the GEM Fund, we mandate that our clients adhere to the following;
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.
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# Each client must invest at minimum $2 million. This allows us to reduce the overhead, keeping our costs down and your returns up.
* There is a total of 500,000,000 shares in existence
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# We have implemented a minimum three-week waiting period for any liquidation or withdrawal. This allows us the time to process the withdrawal in a way that does not cost our other investors money.
* When buying shares from Grove, the cost per share is $4.00
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# Grove retains a $1 million + 12% processing fee on all withdrawals.
* The minimum amount of shares you can buy from Grove is 2,500,000
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# As with all investing options, the possibility of loss is a risk that you will have to consider. We will always endeavor to maintain the highest yield possible without significantly risking your money, however we will not provide you with a money-back guarantee.
* 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 ===
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=== Direct Shareholding ===
Some of Grove’s companies may sell shares independent of corporate shares, please see the respective business administration for further information.  
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You can directly buy a part of Grove Investments by purchasing shares. Shares entitle you to a direct, equitable stake in the success and operations of Grove Investments. This is affords you the opportunity to be directly involved in shaping our successes for both you and all of our other Shareholders and clients.
 
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# Grove Investments listed 100% of the company through 500 million shares.
=== Bonds ===
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# Each share was originally sold by Grove Investments for $4.00 per share. This created an initial market value of $2 billion. All of the shares were purchased, and Grove received $2 billion in cash.
Grove’s banks generally offer bonds, further information can be requested from the bank administration. Grove does not directly offer bonds.
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# Shareholders receive dividends of 30% of our profits, distributed quarterly. These dividends are distributed automatically to the shareholder.
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# In the unlikely event that a Shareholder is unable to accept their dividends at the time of dispersal, they are required to designate an alternative location. We recommend our GEM Fund.
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# We do not impose a cap on the number of shares that may be owned by a single individual.
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# We do, however, mandate that the seller log their transaction in #share-receipts of our Discord server, and also pinging an Executive so that the transfer may be duly recorded. It is the responsibility of the Buyer to ensure that the person they are acquiring the shares from records this transfer. Grove will not be held responsible for a Seller failing to record the sale of their shares.
  
 
= Board of Directors, Shareholders, & Voting =
 
= Board of Directors, Shareholders, & Voting =
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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.
 
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 ===
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=== Responsibilities, Powers, & Authority ===
 
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;
 
# The election, appointment, removal, termination, reinstatement, and regulation of all corporate officers.
 
# The election, appointment, removal, termination, reinstatement, and regulation of all corporate officers.
# Reviewing corporate assets and working with the Chief Financial Officer to plan and approve corporate budgets.
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# Reviewing corporate assets and working with the Chief Financial Officer to plan and approve or reject corporate budgets.
 
# Working with the Chief Operations Officer to ensure efficient and successful operation of all businesses.
 
# Working with the Chief Operations Officer to ensure efficient and successful operation of all businesses.
# Overseeing the acquisition and sale of Grove assets, including businesses and intellectual rights.
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# Overall management of the assets and portfolio, including overseeing the acquisition and sale of Grove assets, including businesses and intellectual right.
 
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# The responsibility and authority to approve or reject any actions taken by the Executives; ensuring that the Shareholders and Grove's interests are maintained.
=== 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.
 
  
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=== Shareholders ===
 
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.
 
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 2/3<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.
 
* 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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=== Makeup of the Board ===
 
=== 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.
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The Board consists of seven individuals who are elected quarterly by the Shareholders. The Shareholders' representatives who are elected are required to maintain shares. In the event that a Board Member sells all of their shares, resigns, or is forcibly removed from their position, the Board will elect another Shareholder to take over the seat for the remainder of the term.
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The Board Members elect from their ranks a Chairperson, who will serve as the coordinator of all Board activities, including starting discussions, summarizing the decision in the accountability report to the shareholders. 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.
  
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.
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In addition to the seven elected shareholders who each cast a single vote within the board, an additional two votes exist. The Chief Executive Officer, by virtue of their position within the company, casts a vote on the Board. In the event that the CEO is also elected to the Board of Directors, they are then casting two votes. The second additional vote is reserved to the largest shareholder in Grove, by virtue of their status as the individual with the most to lose or to gain by the actions of the Board. In the event that the largest shareholder is also elected to the Board of Directors, they are then casting two votes.
  
 
==== Election to the Board ====
 
==== Election to the Board ====

Revision as of 17:01, 18 March 2020

GroveInvestments.250.png
Grove Leadership Board of Directors Charter Companies
Discord :: Offshore :: Official Bank :: Jobs

At Grove Investments, our top priority is being a better company with better people for a better Orbis. We are a trans-national conglomerate with holdings that span the widest spectrum of services of any company. Whether you're banking, fighting a proxy war with GOONish particularists, selling resources, or looking to skirt an unfair embargo, we've got a company that's got your back.

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

Everyone in Politics and War is encouraged and welcome to invest with Grove Investments. At Grove, our top priority is improving your financial status. Whether you're with us for a short term or the long haul, we value your business and will always pride ourselves in doing our very best to support your fiscal needs. While we have a great many offerings, there are two ways that you can directly be a part of Grove's community. In addition to these, we will always have exciting opportunities through the companies we own and work with.

Grove Elite Mutual Fund

The Grove Elite Mutual Fund (GEM Fund) is a portfolio built from pooled funds with the goal of achieving returns through diversification. This pooling of funds means that we use investment capital from multiple investors to invest in securities that fit a specific strategy.

To help maintain the safety and overall health of the GEM Fund, we mandate that our clients adhere to the following;

  1. Each client must invest at minimum $2 million. This allows us to reduce the overhead, keeping our costs down and your returns up.
  2. We have implemented a minimum three-week waiting period for any liquidation or withdrawal. This allows us the time to process the withdrawal in a way that does not cost our other investors money.
  3. Grove retains a $1 million + 12% processing fee on all withdrawals.
  4. As with all investing options, the possibility of loss is a risk that you will have to consider. We will always endeavor to maintain the highest yield possible without significantly risking your money, however we will not provide you with a money-back guarantee.

Direct Shareholding

You can directly buy a part of Grove Investments by purchasing shares. Shares entitle you to a direct, equitable stake in the success and operations of Grove Investments. This is affords you the opportunity to be directly involved in shaping our successes for both you and all of our other Shareholders and clients.

  1. Grove Investments listed 100% of the company through 500 million shares.
  2. Each share was originally sold by Grove Investments for $4.00 per share. This created an initial market value of $2 billion. All of the shares were purchased, and Grove received $2 billion in cash.
  3. Shareholders receive dividends of 30% of our profits, distributed quarterly. These dividends are distributed automatically to the shareholder.
  4. In the unlikely event that a Shareholder is unable to accept their dividends at the time of dispersal, they are required to designate an alternative location. We recommend our GEM Fund.
  5. We do not impose a cap on the number of shares that may be owned by a single individual.
  6. We do, however, mandate that the seller log their transaction in #share-receipts of our Discord server, and also pinging an Executive so that the transfer may be duly recorded. It is the responsibility of the Buyer to ensure that the person they are acquiring the shares from records this transfer. Grove will not be held responsible for a Seller failing to record the sale of their shares.

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, Powers, & Authority

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 or reject corporate budgets.
  3. Working with the Chief Operations Officer to ensure efficient and successful operation of all businesses.
  4. Overall management of the assets and portfolio, including overseeing the acquisition and sale of Grove assets, including businesses and intellectual right.
  5. The responsibility and authority to approve or reject any actions taken by the Executives; ensuring that the Shareholders and Grove's interests are maintained.

Shareholders

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 seven individuals who are elected quarterly by the Shareholders. The Shareholders' representatives who are elected are required to maintain shares. In the event that a Board Member sells all of their shares, resigns, or is forcibly removed from their position, the Board will elect another Shareholder to take over the seat for the remainder of the term.

The Board Members elect from their ranks a Chairperson, who will serve as the coordinator of all Board activities, including starting discussions, summarizing the decision in the accountability report to the shareholders. 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.

In addition to the seven elected shareholders who each cast a single vote within the board, an additional two votes exist. The Chief Executive Officer, by virtue of their position within the company, casts a vote on the Board. In the event that the CEO is also elected to the Board of Directors, they are then casting two votes. The second additional vote is reserved to the largest shareholder in Grove, by virtue of their status as the individual with the most to lose or to gain by the actions of the Board. In the event that the largest shareholder is also elected to the Board of Directors, they are then casting two votes.

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