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Posts: 51 | Thanked: 260 times | Joined on Sep 2010
#83
Originally Posted by joerg_rw View Post
the seventeenth effort:

HiFo or MCeV or whoever is
trustee
appointed by the
Beneficiary Maemo Community

The trustee (eventually) receives assets from Nokia who want those assets to become property of Maemo Community and hand it to the trustee for the sole purpose to handle it according to his role as community proxy.
The trustee received and holds donations from Maemo Community members which been bound to getting used for, and according to voiced interest of, Maemo Community at large, as well as particular donors.
close, it is not the trustee , but the legal entity that the the "trustee" is a trustee for that receives the assets.


Originally Posted by joerg_rw View Post
The trustee is supposed to
  • Carry out the expressed terms of the trust instrument
  • Defend the trust
  • Prudently invest trust assets
  • Be impartial among beneficiaries
  • Account for actions and keep beneficiaries informed
  • Be loyal
  • Not delegate
  • Not profit; however, may charge fees for services to the Trust
  • Not be in a conflict of interest position
  • Administer in the best interest of the beneficiaries

It is quite obvious that the trustee is supposed to listen to any interest the Maemo Community voices, consider if it's legal, and in case there's no conflict with law, act accordingly, so to "administer in the best interest of the beneficiaries".

Particularly it's not up to trustee to ignore the beneficiary for an arbitrary period of time (like 6 months, one year) after appointment and act on own agenda not discussed with and acknowledged by beneficiary, since this is not a representative or indirect democracy, but rather a direct deliberative democracy if anything, with any entity like Council and HiFo serving to administrate and facilitate and execute decisions of community, but not decide or take own initiative and agenda.
again close - it is not " is it legal" that they consider, but "is it in the best interests of the entity (community in this case)"
 

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