Difference between revisions of "Grove Charter"

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=== Grove Elite Mutual Fund ===
 
=== 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.
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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 our specific strategy: making you money.
  
 
To help maintain the safety and overall health of the GEM Fund, we mandate that our clients adhere to the following;
 
To help maintain the safety and overall health of the GEM Fund, we mandate that our clients adhere to the following;
 
# Each client must invest at a minimum of $2 million. This allows us to reduce the overhead, keeping our costs down and your returns up.
 
# Each client must invest at a minimum of $2 million. This allows us to reduce the overhead, keeping our costs down and your returns up.
 
# 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.
 
# 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.
# Grove retains a $1 million + 12% processing fee on all withdrawals.
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# Grove retains a $1 million + 6% processing fee on all withdrawals. In addition, we also assess a 2% management fee on the GEM Fund monthly. This allows Grove to continue to employ the most efficient individuals to make you the most money.
 
# As with all investment 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.
 
# As with all investment 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.
  
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# Grove Investments listed 100% of the company through 500 million shares.
 
# Grove Investments listed 100% of the company through 500 million shares.
 
# 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.
 
# 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.
# Shareholders receive dividends of 30% of our profits, distributed quarterly. These dividends are distributed automatically to the shareholder.
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# Shareholders receive dividends of up to 30% of our profits, distributed quarterly. These dividends are distributed automatically to the shareholder.
 
# 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.
 
# 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.
 
# We do not impose a cap on the number of shares that may be owned by a single individual.
 
# We do not impose a cap on the number of shares that may be owned by a single individual.
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# 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 appropriate individuals in management to improve their efficiency.
 
# Reviewing corporate assets and working with the appropriate individuals in management to improve their efficiency.
# Ensuring that Grove's as a whole is managed well and its health as a company is maintained and that any assets are also sustainable.
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# Ensuring that Grove as a whole is managed well and its health as a company is maintained and that any assets are also sustainable.
 
# Overall management of the assets and portfolio, including overseeing the acquisition and sale of Grove assets, including businesses and intellectual rights.
 
# Overall management of the assets and portfolio, including overseeing the acquisition and sale of Grove assets, including businesses and intellectual rights.
 
# The responsibility and authority to approve or reject any actions taken by the Executives; ensuring that the Shareholders and Grove's interests are maintained.
 
# The responsibility and authority to approve or reject any actions taken by the Executives; ensuring that the Shareholders and Grove's interests are maintained.

Revision as of 16:40, 22 March 2020

GroveInvestments.250.png
Grove Leadership Board of Directors Charter Companies
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At Grove Investments, our top priority is being a better company with better people for a better Orbis. We are a transnational 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 backbone 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 our specific strategy: making you money.

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 a minimum of $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 + 6% processing fee on all withdrawals. In addition, we also assess a 2% management fee on the GEM Fund monthly. This allows Grove to continue to employ the most efficient individuals to make you the most money.
  4. As with all investment 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 affords you the opportunity to be directly involved in shaping our future 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 up to 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 logs 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 appropriate individuals in management to improve their efficiency.
  3. Ensuring that Grove as a whole is managed well and its health as a company is maintained and that any assets are also sustainable.
  4. Overall management of the assets and portfolio, including overseeing the acquisition and sale of Grove assets, including businesses and intellectual rights.
  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.
  6. All other powers not otherwise specified to the Shareholders or other officers are reserved and preserved in the Board of Directors. At its exclusive decision, the Board may delegate any other powers or authorities to any individual as deemed necessary or appropriate.

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 favor of the measure will result in the failure of the measure.
  • 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.
  • In the event that a quarterly election for the Board of Directors fails to achieve the required quorum, the previously sat Board of Directors shall remain in place for the new quarter.

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.

It is the responsibility of the Board of Directors to determine how they will calculate the results of their voting at the beginning of each quarter. They may choose to follow the "one person, one ballot" convention, the "one share, one ballot" convention, a mixture of those two, or any other method that they may choose. Explicitly when determining how the Board will calculate a vote's results, the "one person, one ballot" convention will be used.

Election to the Board

At each quarterly meeting, it will be the responsibility of the Chair to oversee the election of a new Board of Directors. During this process, any Shareholder who wishes to stand for election must notify the Chair. It is then the Chair's 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 if desired by the candidates.

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.

When a special session is necessary, the Board will make the decision and instruct the Chairperson of the Board to convene the shareholders to conduct the business at hand. The Board will also decide how the vote will be conducted, using the same method as outlined previously. The only exceptions to this are for a special session to amend this document, which only allows for the "one share, one ballot" convention to be used, and when electing the new board quarterly as outlined above.

Officers & Leadership

All employees, including officers, are employed by the Board of Directors on behalf of the Shareholders. This section is not explicitly governed by the amendments clause of the Charter, as the Board needs to be able to adjust to the changing demands of our company without the additional necessity of amending the entire Charter.

  • The Executive Director is tasked by the Board of Directors to oversee and coordinate the efforts of Grove's various institutions. They are chiefly responsible for ensuring all of our various subsidiary companies are operating with maximum cohesion and cooperation.
  • The Director of Operations is tasked by the Board of Directors with managing the day-to-day operations of Grove, and ensuring that all matters are attended to with the greatest of detail possible. They are especially focused on maintaining our standard of excellence that all of our employees and customers expect and deserve.
  • The Director of Development is tasked by the Board of Directors with identifying opportunities for growth both within our companies as well as opportunities for external expansion. They are expected to generate plans that the Board may approve to grow Grove and enhance our value to our Shareholders and to our clients.

Dividends

Grove distributes up to 30% of its profit earned over the quarter, on the 1st day of the new quarter when the new Board assumes their position.

Adoption