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Economic Summit, Mon Jan 11 20:30:00 EST 1999
==
Asaf'nor @ DuneIII MUSH Code and Building Admin
Crist Clark asaf_nor@yahoo.com
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(01-06-99) | Dune III Economy Guide | Dune III 2.0
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TABLE OF CONTENTS
1. Introduction
2. Dune III Economic System
2.1 Overview
2.2 Sources of Income
2.2.1 CHOAM Fief Contracts
2.2.2 CHOAM Company Contracts
2.2.3 Obtaining a CHOAM Company Contract
2.2.4 CHOAM Shares
2.3 Sources of Expenses
2.3.1 Standard
2.3.2 Military
2.3.3 Security
2.3.4 Capital Resources
2.3.5 Imperial Tax
2.4 Economic Periods
2.5 Coded Economic Commands
3. Master Expense Table
4. CHOAM Policy Document
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1. Introduction
This guide covers the economic system used on Dune III. It
describes its goals, theory, and the coded commands
available. Everyone who is a member of a Landsraad House is
encouraged to read through it at least once. House heads must
familiarize themselves completely with this document.
If you have any questions that are not sufficiently answered
within this guide, please contact an Econ Sphere Administrator
(see 'oocinfo spheres') or send e-mail to the Administration at
dune3-admin@fremen.org.
The current version of this guide can be found at the Dune III
web site under "Guides": http://www.fremen.org/muds/dune3/.
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2. Dune III Economic System
---------------------------------------------
2.1 Overview
All interstellar trade goes through CHOAM. CHOAM, which is an acronym
for Combine Honnete Ober Advancer Mercantiles, is the universal
development corporation controlled by the Emperor, the Guild, and the
Great Houses of the Landsraad.
Dune III uses a macro-based economy geared around CHOAM
Contracts. Each House has a contract with CHOAM to market their
homeworld goods. CHOAM in turn sees that each House's goods are
distributed and returns the profits generated by the sale (with a
small fee deducted, of course). In addition to selling the trade
goods of their homeworlds, Houses can vie for control of the
lucrative CHOAM Company Contracts. These are special contracts
that can greatly enhance a House's economic influence.
We are not concerned with economy based on an individual (micro)
level: weapons, clothes, hotel rooms, jewelry, etc. These are all
things which are best left to RP. As long as they fit in with how
you portray your character it's assumed you can get access to any
of these items. A soldier of a Great House should never want for
weapons, nor should a Siridar's family be without fine clothing
and jewelry.
The economic system on Dune III has been carefully designed to
promote and enhance RP among the Houses without tying them down
to monotonous routines. Each economic period varies in what
Houses comprise the CHOAM Directorship or what CHOAM Company
Contracts are available. It's the hope of the Admin that this
variance will keep the economic system fresh and exciting.
---------------------------------------------
2.2 Sources of Income
CHOAM Contracts are the primary sources of income for Great
Houses of the Landsraad. Two types of contracts exist within Dune
III: CHOAM Fief Contracts and CHOAM Company Contracts. Additional
income comes from CHOAM Shares which provide dividends based on
the total income of CHOAM itself.
---------------------------------------------
2.2.1 CHOAM Fief Contracts
Fief Contracts are the basic irrevokable contracts each House
holds. They represent the House's surplus resources from all its
fiefs: minerals, luxury items, foodstuffs, or whatever else
serves as their primary goods of trade. Income generated from
pundi rice on Caladan would fall under the Fief Contract of House
Atreides.
The return from a Fief Contract is fairly steady, but it does depend
on the number of Capital Resources that you assign to the work. More
on Capital Resources will be presented below.
---------------------------------------------
2.2.2 CHOAM Company Contracts
Befitting its status as the universal development corporation,
CHOAM holds the legal ownership over a large variety of economic
resources. These range from planets rich in minerals and
agricultural qualities to manufacturing operations to the
pleasure planet of Gamont and the coveted spice mining of
Arrakis. These resources are contracted out to the Great Houses
to exploit.
Along with a name and description, there are five basic
components that comprise a CHOAM Company Contract.
o Duration
The length of the contract in number of IC years. An IC
year is approximately 3 real-life months. To make things
a bit easier contracts go by what economic period it
is. An economic period lasts exactly one IC year.
o Average Profit
Fairly self-explanatory. A contract can be expected to
generate income around this amount each economic period.
o Minimum Bid
CHOAM Company Contracts must be bid on (see section 2.2.3
for details). This is the minimum amount that a House can
bid on the contract and expect to have any chance of winning
the contract.
o Capital Resources
Contracts require a certain amount of human and material
investment by a House above and beyond whatever resources come
with the contract. The amount of Capital Resources (CR) a
House controls is fairly static over an economic period and
restricts the number and size of the contracts a House can
handle. However, Houses can buy, sell, and trade CRs among
themselves. CHOAM can even provide additional CRs at a premium
price. (See section 2.3.5)
o CHOAM Percentage
CHOAM always gets its share. This is the minimum percentage of
profits from the contract that goes into the coffers of CHOAM.
Houses may offer a larger percentage when making their bids to
entice the CHOAM Directors.
o CHOAM Shares
This is the number of bonus CHOAM shares a House gets while
it holds a contract. These shares are temporary, lasting only
as long as the duration of the contract.
---------------------------------------------
2.2.3 Obtaining A CHOAM Company Contract
With the exception of the Arrakis Contract, which is awarded by
the Emperor, the CHOAM Directors decide who gets what
contract. To make your House eligible for a contract you must place a
bid. A bid is placed by communicating the bid ICly to a CHOAM
official. CHOAM officials include the Directors and any Indie
characters playing roles of CHOAM employees. Each contract will have a
projected startup cost. This can be considered as a minimum bid for
the contract. Although the projected startup cost is not formally a
minimum bid, it is unlikely the Directors will seriously consider a
bid below it. CHOAM always takes a least a minimum percentage of the
profits of contract. Nominally, the base percentage is 5%, but many
newer contracts have higher percentages to allow CHOAM to recover
development costs. A House may offer CHOAM a higher percentage
persuade the Directors to award it the conract.
Bidding on contracts is an ongoing process that can take place
throughout an economic period. Houses can make bids on any contract at
any time, even if the contract does not expire at the end of the
current period. The only limitation is that you can only bid on the
closest expiration date of a given contract, e.g. on a contract that
is up in two years and will expire again two years after that, you can
only bid on the first expiration, not the second.
Bids are considered to be confidential by CHOAM. It is against CHOAM
policy for any CHOAM official to reveal any bid information to anyone
except the party (cleared House members) who made the bid and other
CHOAM officals. This is an IC and OOC rule. However, there are IC
means by which a CHOAM official might be pursuaded to bend the
rules. There is no OOC excuse for a CHOAM official to share the
information with any third party with the exception of the MUSH
Administration who require the information for the effective running
of the MUSH economy. Houses, on the other hand, are free to disclose
their bids to anyone as they please.
The Directors will decide the awarding of contracts two IC weeks (a
day or two OOCly) before a meeting of the Stockholders. Both meetings
will be scheduled simultaneously. The Directors will decide behind
closed doors and the proceeding will remain confidential until the
Diretors announce the awarding of contracts at the Shareholders
meeting. IN ORDER TO WIN A CONTRACT THE HOUSE MUST BE REPRESENTED AT
THE SHAREHOLDERS MEETING TO ACCEPT IT. The Directors do not always
have to award the contract to the House that bid the most. Feel free
to schmooze your nearest Director all year long.
---------------------------------------------
2.2.4 CHOAM Shares
Each House holds shares of interest in CHOAM. The number of
shares a House has determines the number of votes they possess
within CHOAM and the size of their dividends. At the end of each
economic period, Houses receive dividends based on the total
profit of CHOAM and the number of shares they possess.
There is a standard allotment of shares that goes with each CHOAM
Fief Contract. The number of shares a House has can be increased
by acquiring CHOAM Company Contracts. Every contract conveys a
temporary amount of CHOAM Shares to its holder. As long as the
House holds the contract it gets the benefits of the shares in
it's voting power and dividend payments.
It is possible to transfer portions of your standard allotment of
shares to other Houses, but you cannot transfer shares gained
through Company Contracts.
In the future, it may become possible to buy additional shares from
CHOAM rather than only having a finite number of shares that can be
circulated among the Houses. This is not implamented at this time nor
are there immediate plans to do so.
---------------------------------------------
2.3 Economic Expenses
The following is a description of periodic economic expenses. The
actual numerical values are summarized in the Master Expense
Table. While additional expenses might exist within the game (such as
mentat and warfare costs) only the following occur every economic
period.
Any changes made to your expenses take effect at the begining of the
next economic period. If, for example, you wish to upgrade training
for security or the military, the cost is incurred and the change in
training levels occurs at the begining of the next economic period.
---------------------------------------------
2.3.1 Standard
The standard expense reflects the costs for normal House maintenace, a
basic military allotment, and an embassy on Kaitain. A House is free
to choose among several different expense levels. The amount a House
spends on Standard Expenses is publically known. Houses that spend
more are making public display of affluence. All other economic
expenses are private; this is the only thing other players can
directly ICly see. (Other expenses could be determined via less
relaible IC means like the Mentat System.)
---------------------------------------------
2.3.2 Military
Houses get a basic military allotment which is included in every
House's standard expenses. Many Houses may wish to increase the
number or skill of their troops. Any such advancement requires a
regular periodic upkeep charge based on the extra troops. That
expense will be stored under the Military expense heading.
Military forces are measured in 'divisions.' There is a cost
associated with maintaining a division. There is an additional cost
involved in creating a new division. The number of divisions that can
be created during a turn is determined by the number of CR units a
House has dedicated to its Fief Contract. The number of CRs
determines the number that can be created, but no CRs are "consumed"
or otherwise removed from use on contracts. There is no return of
funds if a division is disbanded, just the reduction of maintainace
costs.
Each division has a training level. The training level reflects the
division's battle readiness. The cost of maintaining a division is a
function of their training level. Raising the training level of a
division incurrs an additional cost as well. Each division can only
have its level incremented by one level per period. There is no return
of funds when training is reduced, just the reduction of maintainace
costs.
---------------------------------------------
2.3.3 Security
Security relates to the number and quality of guards around your
House compounds, special devices employed such as palm locks and
pru-doors, and the House's counter-espionage abilities (used in
the Mentat System).
Security levels are simply 4 numbered levels indicating the
effectiveness of your security staff. There is a periodic cost
associated with maintaining security at a given level as well as an
incremental cost associated with increasing security levels. There is
no return funds when security is reduced, just the reduction of
maintainace costs.
Note that Military and Security expenses are not connected. Military
expenditures affect affairs 'offstage' almost exclusively, whereas
Security activities can directly impact things occuring in Kaitain.
---------------------------------------------
2.3.4 Capital Resources
All Houses have a set number of Capital Resource (CR) units to
represent personnel and materials available for use on contracts.
The number of units is a measure of the economic capacity of a
given House. It represents resources that are finite and cannot be
easily increased on short timescales.
The House's Fief Contract and CHOAM Contracts each require a certain
number of CR units to function effectively. Below a certain minimum,
profits will drop sharply and quickly and soon turn to losses. The
more CRs applied to a contract the better the profit, but the
increases in profit as one adds CRs to a contract are subject to
diminishing returns. After a certain point, adding more CRs will turn
no additional profit and the CRs could be better used elsewhere.
CRs are a finite resource that can be sold, bought, and traded among
the Houses. The pool of CRs 'in play' at any one time is meant to be
static, but if a House wants to aquire CRs badly enough, they can be
bought at an exorbitant price from CHOAM.
---------------------------------------------
2.3.5 Imperial Tax
The Imperial House has the ability to tax its subjects to support
its bureaucratic workings. The Imperial Tax expense represents
the effective rate of taxation. Under the Great Convention, all
Houses must be taxed at the same rate. However, it is not
uncommon for the Imperial Auditors to find loopholes for favored
Houses reducing the amount that is collected. The less favored
Houses could find every document scrutinized in an effort to
realize the maximum amount of taxation.
---------------------------------------------
2.4 Economic Periods
An economic period lasts one IC year (approximately 3 RL
months). At the end of the economic period profits and expenses
are calculated for each House, a CHOAM shareholders meeting is
held and dividends are dispursed.
The approximate time a period ends will be posted about a month
beforehand on the global BBS.
---------------------------------------------
2.5 Coded Economic Commands
Help topics for the economic related commands on Dune III can be
found under '+help +econ.'
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3. Master Expense Table
This table contains the official values for all expenses. The values
posted in the copy of this document on the Dune III website at the
close of an economic period are the values to be used. Any changes to
the numbers will be announced well in advance of the close of an
economic period.
All values are in solaris.
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3.1 Standard Expenses
Level Cost per Period
---------- -----------------
Exorbitant 400 000
Lavish 300 000
Modest 200 000
Frugal 100 000
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3.2 Military Expenses
Maintanance Costs
Training Level Cost per Division per Period
----------------- ------------------------------
Elite 30 000
Regulars 20 000
Reserve 10 000
Incremental Costs
Base Creation per Division(*): 50 000 (plus 5 CRs on Fief Contract)
Raising Training Level: 20 000
(*) A division starts as a 'regular' division upon creation.
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3.3 Security Expenses
Level Cost per Period
------- -----------------
1 0
2 10 000
3 20 000
4 30 000
Incremental Cost: 20 000
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3.4 Capital Resources
CHOAM Price per CR: 50 000
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3.5 Imperial Tax
Maximum Tax Rate per Period: 7%
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4. CHOAM Policy Document
The following is considered an IC document and is written from an IC
perspective.
Clause 1 CHOAM POLICY
The following document outlines the policy of Combine Honnete Ober
Advancer Mercantiles, hereafter referred to as CHOAM. This document is
intended to outline the general policy and structure of CHOAM.
1.1 THE GOAL OF CHOAM IS TO EARN THE SHAREHOLDERS THE MAXIMUM
PROFIT POSSIBLE. All actions taken by CHOAM and policies of
CHOAM are meant to achieve this end.
1.2 All legislative and executive actions of CHOAM must fall
within the letter and spirit of the law of CHOAM POLICY as
interpreted by the BOARD OF DIRECTORS and ultimately the
SHAREHOLDERS.
1.3 CHOAM POLICY is not intended to contain all of the detailed
rules and regulations of CHOAM.
1.3.1 The BOARD and SHAREHOLDERS may pass DECREES that
regulate the structure and workings of CHOAM to achieve
the ends of CHOAM POLICY.
1.3.2 The BOARD and SHAREHOLDERS may give other subservient
bodies within CHOAM the power to draft REGULATIONS that
control the structure and workings of CHOAM to achieve
the ends of CHOAM POLICY.
1.3.3 Any DECREE or REGULATION that violates the letter or
spirit of CHOAM POLICY is null and void. The DIRECTORS
and ultimately the SHAREHOLDERS will rule on whether
such a conflict does or does not exist.
1.4 CHOAM POLICY, that is this document, can only be edited,
amended, or have provisions removed by the SHAREHOLDERS.
1.4.1 A PROPOSED AMENDMENT must be brought to a VOTE in a
SHAREHOLDERS MEETING by any of the legal means allowed
to call a VOTE.
1.4.2 The PROPOSED AMENDMENT must be passed by a MAJORITY of
the CHOAM SHAREHOLDERS. If the PROPOSED AMENDMENT
passes, it has become a SECONDED AMENDMENT. If not,
the PROPOSED AMENDMENT cannot be voted upon again
until the next SHAREHOLDERS MEETING.
1.4.3 A SECONDED AMENDMENT has not yet become CHOAM POLICY
and carries no force of law within CHOAM.
1.4.4 A VOTE on the SECONDED AMENDMENT must by put on the
AGENDA of the next scheduled SHAREHOLDERS MEETING. The
VOTE cannot take place at an unscheduled meeting.
1.4.5 A SECONDED AMENDMENT must be passed at the next
SHAREHOLDERS MEETING by a three-fourths (3/4) majority
vote to become an AMENDMENT. The three-fourths
majority will be calculated with respect to the total
number of CHOAM shares and not only those present for
the SHAREHOLDER vote.
1.4.6 An AMENDMENT to CHOAM POLICY carries the full weight
of law as all other sections of CHOAM POLICY with the
exception that an AMENDMENT will supersede any existing
section, part, or words of the existing CHOAM POLICY
that the AMENDMENT directly addresses.
1.4.7 If the SECONDED AMENDMENT fails to pass by
three-fourths, it has been rejected by the
SHAREHOLDERS. The SECONDED AMENDMENT must begin again
as a PROPOSED AMENDMENT in order to become CHOAM
POLICY. It cannot be brought before the SHAREHOLDERS
as a PROPOSED AMENDEMENT until the next scheduled
SHAREHOLDERS MEETING.
Clause 2 The CHOAM BOARD of DIRECTORS
The CHOAM BOARD of DIRECTORS has jurisdiction to direct, change, or
legislate all activities of CHOAM within the letter and spirit of
CHOAM POLICY with the exception of those rights explicitly given to
the SHAREHOLDERS.
2.1 The BOARD OF DIRECTORS will consist of four (4) members. Three
shall be title holding Siridar. The fourth will be a
representative of and member of the SPACING GUILD.
2.2 Each said DIRECTOR will have full and equal power in all CHOAM
duties as defined by CHOAM Policy, with the exception of the
PRIME DIRECTOR whose responsibilities and powers are outlined
below.
2.3 The four DIRECTORS will be chosen by the following means:
2.3.1 One shall be appointed by, and be a member of, the SPACING
GUILD.
2.3.2 The Siridar awarded the ARRAKIS CONTRACT by
the EMPEROR will receive a DIRECTORSHIP.
2.3.3 The remaining two DIRECTORSHIPS will be awarded by a
vote of the SHAREHOLDERS at the expiration of a
previous DIRECTOR's term.
2.4 DIRECTORSHIP Term Length:
2.4.1 The DIRECTOR chosen by the SPACING GUILD shall serve
until a replacement is selected by the SPACING GUILD or
until he is REMOVED by the SHAREHOLDERS.
2.4.2 The DIRECTOR chosen by the EMPEROR through his granting
of the ARRAKIS CONTRACT shall serve until the EMPEROR
awards the ARRAKIS CONTRACT to another Siridar.
2.4.3 The two (2) DIRECTORS elected by the SHAREHOLDERS shall
serve for a period of six (6) Standard Imperial Years or
until REMOVED by the SHAREHOLDERS or if the DIRECTOR
replaced a REMOVED DIRECTOR, the DIRECTOR shall only
serve until the completion of the REMOVED DIRECTOR's
term.
2.6 Elected DIRECTORS: A CHOAM DIRECTORSHIP will be granted by a
MAJORITY vote among all SHAREHOLDERS present at a CHOAM
SHAREHOLDERS MEETING.
2.6.1 Said vote will take place at the date of expiration of
the previous DIRECTOR's term of office.
2.6.2 All SHAREHOLDERS may cast one vote per CHOAM SHARE of
their ownership. A SHAREHOLDER must cast all of his
votes for a single CANDIDATE or ABSTAIN from voting.
2.6.3 Votes will be made in private and passed to the current
PRIME DIRECTOR for counting.
2.6.3 Any eligible Siridar may nominate themselves or another
eligible Siridar as a Candidate for position of CHOAM
DIRECTOR. Any nominee must be seconded by another
SHAREHOLDER to be considered eligible as a CANDIDATE.
2.7 The BOARD will choose one of their number to be the PRIME
DIRECTOR. It will be the responsibility of the PRIME DIRECTOR
to arrange and schedule BOARD MEETINGS and SHAREHOLDERS
MEETINGS. The PRIME DIRECTOR is also responsible for
maintaining order during BOARD MEETINGS and SHAREHOLDER
MEETINGS. Each body may grant the PRIME DIRECTOR powers to
achieve this end.
2.8 The BOARD is required to convene a CHOAM BOARD MEETING two
weeks before any CHOAM SHAREHOLDERS MEETING. The BOARD may hold as
many other BOARD MEETINGS as required by Sections 4.2 and 4.3.
2.9 A DIRECTOR may send a PROXY AGENT, with written consent to act on
behalf of said DIRECTOR, signed with the DIRECTOR's Seal of Office
and Noble's Seal or in the case of the SPACING GUILD
representative the Seal of the Guild.
2.10 Such PROXY AGENT may act with full authority as if they held the
office of DIRECTOR until such time that the DIRECTOR whom the
PROXY AGENT acts for may remove said PROXY AGENT.
2.11 A DIRECTOR may grant more than one person PROXY AGENT rights.
Clause 3 The CHOAM SHAREHOLDERS
The CHOAM SHAREHOLDERS own CHOAM and have the final say in all of
CHOAM's affairs. In order to effectively govern and administrate
CHOAM, the SHAREHOLDERS hand over the majority of the decision making
powers to the BOARD OF DIRECTORS. However, the SHAREHOLDERS are
recognized as the ultimate CHOAM authority.
3.1 The SHAREHOLDERS have the right to REMOVE any DIRECTOR that
they have chosen by a two-thirds (2/3) majority vote. The
two-thirds majority will be calculated with respect to the
total number of CHOAM shares and not only those present for
the SHAREHOLDER vote.
3.1.1 The SHAREHOLDERS must then choose a DIRECTOR to replace
the REMOVED DIRECTOR to serve the remainder of the
REMOVED DIRECTOR's term.
3.2 The SHAREHOLDERS have the right to REMOVE the DIRECTOR chosen
by the SPACING GUILD by a three-fourths (3/4) majority
vote. The three-fourths majority will be calculated with
respect to the total number of CHOAM shares and not only those
present for the SHAREHOLDER vote.
3.2.1 The SPACING GUILD must choose a DIRECTOR to replace the
REMOVED DIRECTOR. The REMOVED DIRECTOR may not be
selected as the replacement and may never again serve
as a DIRECTOR.
3.3 The SHAREHOLDERS may reject the PRIME DIRECTOR's selection by
the BOARD through a MAJORITY VOTE.
3.3.1 The SHAREHOLDERS must select a PRIME SHAREHOLDER to
oversee the remainder of proceedings of the SHAREHOLDER
MEETING at which the PRIME DIRECTOR was rejected. The
selection must me by MAJORITY vote. If no selection can
be made, the SHAREHOLDERS MEETING will have a
continuance until the BOARD may meet in private and
re-select a PRIME DIRECTOR.
3.3.2 The BOARD must again chose a PRIME DIRECTOR at the next
BOARD MEETING. The previously REJECTED PRIME DIRECTOR
is eligible for re-election by the BOARD.
3.4 The SHAREHOLDERS may override any action of the BOARD not
explicitly subject to rules described in other sections of
this document by a two-thirds (2/3) majority vote of the
SHAREHOLDERS present at a legally declared meeting.
3.5 The SHAREHOLDERS may not take action preemptively. That is,
the SHAREHOLDERS may not vote on an action that has not yet
been voted upon by the BOARD excluding votes subject to other
rules explicitly sated in this document.
3.6 In all VOTES taken among the SHAREHOLDERS, each SHAREHOLDER is
provided one vote per share he owns, or in the case of a PROXY
AGENT, one vote for each of the SHARES the SHAREHOLDER he is
representing owns.
Clause 4 CHOAM Meetings
All matters before CHOAM shall be decided at a meeting of the BOARD of
DIRECTORS, hereafter referred to as a BOARD MEETING, or at a meeting of
all CHOAM SHAREHOLDERS, hereafter referred to as a SHAREHOLDERS MEETING.
4.1 An unscheduled SHAREHOLDERS MEETING may be petitioned for by
any SHAREHOLDER.
4.2 An unscheduled BOARD MEETING may be petitioned for by any
member of the BOARD. A BOARD MEETING must take place if a
second BOARD MEMBER seconds the PETITIONER.
4.3 Unscheduled SHAREHOLDERS MEETINGS are called using the
following procedure:
4.3.1 The PETITIONER sends a formal request for a meeting to
all BOARD MEMBERS.
4.3.2 Said request must include a reason for the meeting.
4.3.3 The BOARD may then reject the PETITIONER.
4.3.4 A rejected request may not be resubmitted to the BOARD
for a period of one week.
4.3.5 If the PETITIONER's request is accepted by the BOARD,
the BOARD will inform all SHAREHOLDERS of the meeting.
4.4 A SHAREHOLDER may send a Proxy Agent to act on his behalf with
written approval marked with the SHAREHOLDER's Noble Seal.
4.4.1 A SHAREHOLDER may grant more than one person PROXY
AGENT rights.
4.6 A SHAREHOLDERS MEETING or BOARD MEETING may take place only if
at least two-thirds of the voting members of the respective
body are present.
4.7 The PRIME DIRECTOR will chair all CHOAM meetings.
4.8 The Minutes of any SHAREHOLDERS Meeting are Public Record.
4.9 Only DIRECTORS or a single PROXY AGENT taking a DIRECTOR's
place may attend a BOARD MEETING. With the following exceptions:
4.9.1 The BOARD may unanimously vote to allow any other
person to attend a given BOARD MEETING.
4.9.2 The BOARD does not have the power to compel l any such
person to appear at a BOARD MEETING.
4.9.3 Any person allowed to attend a BOARD MEETING must
agree to follow the rules proscribed for BOARD MEMBERS
in Section 4.10.1
4.10 The minutes of any BOARD MEETING are denied to all but BOARD
MEMBERS.
4.10.1 It is a violation of CHOAM POLICY for BOARD MEMBERS to
make public or to reveal to any non-BOARD MEMBER any
proceeding of a meeting unless the BOARD has voted
UNANIMOUSLY to make the specific information
accessible to the public or the specified non-BOARD
MEMBER.
4.10.2 The times, dates, and attendees of BOARD MEETINGS
are Public Record.
4.10 The AGENDA for a SHAREHOLDERS MEETING will be decided upon and
forwarded to all SHAREHOLDERS by the BOARD of DIRECTORS at
least one week before the SHAREHOLDERS MEETING.
4.11 A SHAREHOLDER may add an addendum to a SHAREHOLDERS MEETING
AGENDA by making a request from the floor to the PRIME
DIRECTOR and having the request seconded by a DIRECTOR.
4.12 The PRIME DIRECTOR may call for a vote by the SHAREHOLDERS
during a SHAREHOLDERS MEETING. Any SHAREHOLDER may make
a motion for a vote that must be seconded by a DIRECTOR for a
vote of the SHAREHOLDERS to take place.
4.13 An SHAREHOLDERS MEETING will be adjourned once all matters on
the meeting agenda are dealt with.
4.14 A BOARD MEETING may be adjourned by a MAJORITY VOTE.
4.15 A continuance or recess maybe called by the PRIME DIRECTOR at
a SHAREHOLDERS Meeting.
A recess can be called at a BOARD MEETING by any BOARD MEMBER
when seconded by another BOARD MEMBER.
Clause 5 CHOAM REPRIMANDS
5.1 Any CONTRACT HOLDER found to be working contrary to CHOAM
POLICY will be the target of a CHOAM INVESTIGATION, hereafter
called an INVESTIGATION.
5.2 During an INVESTIGATION, said CONTRACT HOLDER must open all
fiscal records to CHOAM INVESTIGATORS. Failure to do so
will incur a heavy fine.
5.3 Any SHAREHOLDER suspected or known of misconduct will be sent an
official CHOAM WARNING. If the SHAREHOLDER is still suspected
or known to continue said misconduct, said SHAREHOLDER will be
officially REPRIMANDED.
5.4 The CHOAM BOARD reserves the right to freeze all fiscal transactions
under CHOAM jurisdiction of a CONTRACT HOLDER under INVESTIGATION.
5.5 A CHOAM REPRIMAND may take the form of fine of Solari of a sum to be
determined by the BOARD or immediate withdrawal of any CHOAM
CONTRACT from the CONTRACT HOLDER'S possession.
5.6 A CHOAM CONTRACT will officially be logged as MISMANAGED at a profit
drop of 15%. At this point, CHOAM will issue a formal warning to
the CONTRACT HOLDER and an INVESTIGATOR will be assigned.
5.7 A CHOAM CONTRACT that reaches a profit drop of 20% will be withdrawn
from possession of it's current CONTRACT HOLDER at the end of the
current ECONOMIC PERIOD unless the CONTACT HOLDER provides an
explanation satisfactory to the INVESTIGATOR and BOARD that
the drop was beyond the CONTRACT HOLDER'S control.
5.8 All WARNINGS and REPRIMANDS will be placed on CHOAM FISCAL
RECORDS. Said RECORDS will only be available for review by any
BOARD member at any time.
5.9 The BOARD may designate any SHAREHOLDER or employee of CHOAM as a
Designated INVESTIGATOR. Said INVESTIGATOR has the right to
examine all financial records of the CONTRACT HOLDER under
investigation and to personally inspect any materials,
facilities, or personnel involved in the execution of the
CONTRACT under investigation.
5.10 The BOARD may vote to CENSURE an individual from CHOAM.
Said vote must be a UNANIMOUS VOTE to pass. A CENSURED
individual may not:
5.10.1 take part in any CHOAM activity.
5.10.2 buy or sell any CHOAM SHARES, with the exception that
the BOARD may revoke any SHARES the CENSURED person
currently owns at market price.
5.10.3 hold any CHOAM CONTRACT.
5.10.4 make any financial transaction within CHOAM.
5.10.5 may not be employed by CHOAM.
5.11 Any person or persons found or suspected of dealing with a
CENSURED individual in such a manner that violates CHOAM's
jurisdiction over interstellar commerce will be subject to a
CHOAM INVESTIGATION. Such person or persons if found to be
violating CHOAM POLICY may be WARNED, have a CONTRACT or
CONTRACTS marked MISMANAGED, or CENSURED as a result.
5.12 A CENSURED individual may apply to CHOAM for removal of the
CENSURE at the beginning of every ECONOMIC PERIOD. This will
be the subject of a BOARD VOTE.
5.11 An individual may only be CENSURED following a CHOAM REPRIMAND.
5.12 A group of individuals or economic conglomerate may be CENSURED
following the above mentioned procedure.
5.13 A group of individuals or Economic Conglomerate may only be
CENSURED following a REPRIMAND and an INVESTIGATION.
Terms
THE BOARD
All those persons holding a CHOAM DIRECTORSHIP or a person presently
legally acting a PROXY AGENT for a DIRECTOR will be known as the BOARD.
BOARD VOTES
Each DIRECTOR will have one vote to cast in a BOARD VOTE. Such vote will
either be 'YEA' or 'NAY' or 'ABSTAIN'. A vote may be a required to be
a UNANIMOUS VOTE or a MAJORITY VOTE to carry.
CONTRACTS
Any economic interaction that takes place between Imperial Fiefs, or
between a Fief and the Imperium, or between a Fief and non-Fief
Imperial possession falls under the jurisdiction of CHOAM. Any such
interaction must be registered with CHOAM as contract between all
parties involved (seller, purchaser, and CHOAM).
BOARD MEETING
A CHOAM meeting between the BOARD members only.
DIRECTOR
A person holding a CHOAM DIRECTORSHIP. A PROXY AGENT, when
acting on the behalf of a DIRECTOR may be referred to as a
BOARDMEMBER, but not as a DIRECTOR.
DIRECTORSHIP
A position of office within CHOAM that determines CHOAM POLICY and other
powers as determined by CHOAM POLICY.
ECONOMIC PERIOD
CHOAM FISCAL YEAR
One Standard Imperial Year beginning the first of neSheustim.
MAJORITY
For 'YAY' or 'NAY' votes, a MAJORITY is defined as the response that
illicits more than half of the total votes cast.
In DIRECTORSHIP ELECTIONS, a MAJORITY is defined as the largest block
of votes; it need not be more than half of the total votes cast.
SHAREHOLDER MEETING
A CHOAM meeting among all CHOAM SHAREHOLDERS including the BOARD of
DIRECTORS.
PETITIONER
Any person who requests a CHOAM SHAREHOLDER MEETING or DIRECTORS
MEETING at an unscheduled date.
SHAREHOLDERS
All those persons owning shares in CHOAM. The term SHAREHOLDER may
apply to a legal PROXY AGENT currently representing a SHAREHOLDER
except where so noted.
UNANIMOUS VOTE
A BOARD VOTE in which all votes cast must be a 'YAY' for the
vote to be successful.
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