# June 09, 2025 ISC Meeting
## Agenda
* ISC Actions/Update from last week
* Legal/contract admin process update from Workshop
* Update from Committees and Business Functions (If Any)
* AOB & Meeting Close
## Attendees:
| Name | Attendance | Role | Voting Seat (Y/N) |
| ---------------------------------------------------- | ---------- | ------------------------------- | ----------------- |
| [Simo Simovic](mailto:simo.simovic@intersectmbo.org) | Yes | Secretary | N |
| Jack Briggs | Yes | Interim Executive Director | Y |
| Nick Cook | No | Director - Operations (Interim) | Y |
| YUTA | Yes | Community Member Seat | Y |
| Phil Lewis | Yes | Community Member Seat | Y |
| Sheldon Hunt | Yes | Community Member Seat | Y |
| Fred Tanaka | Yes | Community Member Seat | Y |
| Pedro Lucas | Yes | OSC Chair | Y |
| Samuel Leathers | Yes | Product Chair | Y |
| Darlington Welsh | Yes | MCC Chair | Y |
| TBD | No | CBC Chair | Y |
| Kevin Hammond | Yes | TSC Chair | Y |
| Simon Fleck | Yes | Interim GMC Chair | Y |
| Nicolas Cerny | No | Interim CCC Chair | Y |
| Christian Taylor | Yes | Head of OSO | N |
| Lorenzo Bruno | Yes | Head of Product | N |
| Matt Davis | Yes | Head of Tech Operation | N |
| Duncan Soutar | Yes | Secretary of TSC | N |
| Lloyd Duhon | Yes | Secretary of Budget Committee | N |
| Larisa Mcfarlane | Yes | Secretary of CCC | N |
| Terence McCutcheon | Yes | Secretary of OSC | N |
### Additional Attendees:
Thiago Nunes - Observer
## Discussion/Action:
### 1. Opening and Review of Action Items
The meeting began with a review of open actions from the ISC ClickUp board. Updates included:
* Decision-Making Framework: A proposal is in development by Intersect staff and will be presented at the next ISC meeting.
* Consultant Transition Plan: A final version is being prepared and will be presented to the board at the end of June. The rollout is set to begin in July.
* Monthly AMA Sessions: The first session is expected to take place at the end of June; scheduling is still pending.
* Chair Elections and Voting Tool: The polling tool was used successfully by at least one committee (Civics and Budget), with others finalizing elections shortly. No significant issues were reported, and the onboarding action will be closed.
* Knowledge Base Update Tracking: A new page showing recently updated documentation has been added to the knowledge base. The action item is closed.
* ISC Participation at Board Meeting: ISC representatives will attend the next board meeting in June to strengthen communication and collaboration.
### 2. Legal & Smart Contract Administration Update
A detailed update was provided on the outcomes of the legal and administrative workshop held in Valencia. Key points included:
* Purpose: The workshop addressed alignment between Intersect’s founding documentation, vendor contracts, and the use of smart contracts in treasury withdrawals.
* Participants: Included internal and external legal counsel, constitutional experts, and tax advisors.
* Outcomes: A comprehensive set of artifacts, updates, and policies is being developed. These include:
* Updates to master service agreements and vendor contracts.
* Smart contract documentation and oversight procedures.
* Drafts of governance and compliance policies (e.g., technical review, due diligence, financial audits).
* A forthcoming transparency framework outlining how multiple governance layers collectively ensure accountability.
All deliverables are being tracked internally and most are in advanced draft stages. The intent is to share drafts for community review in the coming weeks and ensure all documents are living and regularly updated.
### 3. Treasury Withdrawal Poll & Operational Planning
An update was provided on the live community poll regarding treasury withdrawal strategy. Initial results showed a strong preference for submitting all 39 funded proposals individually rather than bundling them. While this approach is operationally complex, Intersect is working on how to support it. Plans include:
* Metadata Standardization: To ensure clarity and consistency across submissions.
* Staggered Submission: Withdrawals may be submitted gradually over several weeks to manage internal workload.
* Coordination with Vendors: Additional support and verification will be required to ensure correct wallet addresses and compliance with constitutional requirements.
The need for clearly marked, verifiable treasury actions was discussed to help voters easily identify official submissions. Solutions such as publishing the signing public key and using a designated submission wallet are being explored.
### 4. Prioritization of Treasury Submissions
The ISC discussed how to prioritize the sequence of individual treasury withdrawal actions. Ideas included:
* Ranking based on proposal popularity (number of votes).
* Prioritizing time-sensitive needs (e.g. events like Cardano Summit).
* Exploring contributions from ISC or committees to help with coordination and workload distribution.
The Budget Committee has already started working on a prioritization approach and will continue refining it over the week.
### Action Items & Next Steps
* Present draft of the decision-making framework at the next ISC meeting.
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