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2020/Res14 Bond proposal
|Background by Treasurer: |
We agree that we want to put some cash away, and keep at most £250k, which is Michelle's insurance limit, in cash. The question is where to place the cursor.
Bank bonds have guaranteed returns, and are safer than having
I think it'd be safe to have at least one year of outgoings on our current account, and have the rest squirreled away staggered by three months.
Our outgoings are about £100k per year for regular stuff, and then SOTM you could say we’re another £100k, though as they are mostly geared to ticket sales you don't really need keep all of that to hand
This is just a proposal, which I'm happy to amend based on your comments, and might of course need to be slightly adapted to match currency exchange fees and the reality of what our bank(s) can offer.
Not passed 2020-03-12 with 1 vote in favour: Guillaume Rischard
The proposal was kind of superseded by recent Barclays news (they no longer want to bank with us, so we are searching for a new bank). However the board might want to do something similar after arranging the new bank.
2020/Res15 Face to face meeting
In light of the COVID-19 outbreak, having a face to face meeting in London seems like a bad idea. We will instead try to hold a digital version of this meeting at the same time. We will try to recuperate sunk costs.
Voting closes on 2020-03-17
Votes so far:
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Advisory Board - monthly update
|The Advisory Board members are separate from the OSMF board of directors - individuals are either nominated by Corporate Members of the OSMF or invited directly by the OSMF board of directors. The OSMF Board of Directors will publicly minute, in the board meeting minutes, any communication sent to, or received from, the AB members. This monthly section is reserved for this purpose. Overview. |
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