July 27 2026
Attendees:
Name
Attendance
Role
Voting Seat (Y/N)
Jack Briggs
Yes
Executive Director
Y
James Meidinger
No
Community Member Seat
Y
Thiago Nunes
No
Community Member Seat
Y
Kristijan Kowalsky
Yes
Community Member Seat
Y
Jose Miguel de Gamboa
No
Community Member Seat
Y
Sebastian Pabon
Yes
OSC Chair
Y
Samuel Leathers
Yes
Product Chair
Y
Martin Musagara
Yes
MCC Chair
Y
Megan Hess
Yes
CBC Chair
Y
Kevin Hammond
No
TSC Chair
Y
Laura Mattiucci
Yes
GMC Chair
Y
Nicolas Cerny
Yes
CCC Chair
Y
Lorenzo Bruno
Yes
Head of Product & Membership
Y
Larisa Mcfarlane
No
Head of Ecosystem & Community
Y
Nick Cook
No
Head of Operations (Interim)
N
Bosko Majdanac
Yes
Secretary of TSC
N
Abhik Nag
Yes
Secretary of MCC
N
Lloyd Duhon
Yes
Secretary of Budget Committee
N
Terence McCutcheon
Yes
Secretary of OSC
N
Lara Bonasorte
Yes
Secretary of GMC
N
Thomas Lindseth
Yes
Secretary of CCC
N
Additional Attendees:
Adam Rusch - Member of the Board
Christian Taylor - Vice Chair of TSC
Ken-Erik Ølmheim - Vice Chair of Civics
Thyme Studio - Vice Chair of Product
Selin Rhayem - Observer
Agenda:
ISC Work in Progress
ED Update
Board Seats - Discussion
Open Discussion
Discussion/Actions
1. Opening & Agenda
The meeting opened with confirmation of quorum and a review of ongoing ISC work. Members were reminded that the Bylaws Member Vote remains open until 29 July, with committee members encouraged to participate. Updates were also provided on the recently approved Board Election eligibility criteria, publication of the Code of Conduct Process, progress on the Committee Remit Review, and preparations for the upcoming monthly member meeting and Intersect Connect session.
2. Executive Director Update
An update was provided on the successful completion of the 2026 budget process and the recent on-chain approval of Treasury Withdrawal Governance Actions.
Key updates included:
Ten of the eleven proposals progressing through the Intersect budget process have now been approved on-chain.
Treasury withdrawals are expected to become available following the upcoming epoch transition.
Contracting and onboarding activities have commenced with successful proposal teams.
Several funded projects have elected to receive payments in stablecoins, with USDCX currently being the preferred option.
Intersect confirmed that, despite the successful funding outcome, the decline in the ADA price has reduced the organisation's available budget by approximately 30–40% compared to initial planning. As a result, operational reforms and efficiency improvements will continue while aiming to deliver the approved work programme.
Security and incident response remain a significant priority following recent ecosystem events, with additional investment planned in security coordination, monitoring, and technical stewardship.
3. Board Elections & Board Composition
An update was provided on the upcoming Board elections.
Key points included:
Two elected Board seats will be open for election in September.
The seat allocated to the University of Wyoming remains available for nomination until its current term concludes in October, after which renewal will be considered.
The organisation-sponsored Board seats will also be reviewed ahead of their renewal, with decisions to be made by the elected Board members in accordance with Board policy.
It was confirmed that the recently approved Board Election eligibility criteria developed by the ISC have been adopted by the Board.
Preparatory communications are expected to begin in mid-August, with applications opening later in the month to allow sufficient time for nominations, voting, and transition before the current terms expire.
4. Committee Election Review
An update was provided on the review of issues arising from the April committee elections.
It was confirmed that the review process has concluded. Members affected by the investigation were offered the opportunity to request hearings or provide additional information; however, no requests were received. A final report summarising the process and outcomes will be published through the Knowledge Base to formally close the matter.
5. Technical Stewardship & Financial Reporting
Discussion focused on the relationship between Intersect's technical stewardship responsibilities and the ongoing transition from historical development arrangements.
It was noted that:
Most responsibilities between Intersect and development partners are now well understood, although some operational responsibilities continue to evolve as technical stewardship matures.
Further clarification of release management, coordination responsibilities, and accountability is expected over the coming months.
Members also highlighted the importance of publishing Intersect's financial reporting before future funding requests are submitted. It was confirmed that the annual financial report is scheduled for publication and will also be recorded on-chain.
6. Security Coordination
A discussion was held on strengthening security coordination and incident communications.
Topics included:
Reviewing existing security incident communication procedures.
Improving coordination between organisations during future incidents.
Developing clearer communication channels and predefined response processes.
Expanding transparency following the resolution of security incidents through published reports and regular updates.
Reintroducing a bug bounty programme with improved submission requirements to reduce low-quality or AI-generated reports while encouraging meaningful security disclosures.
7. Budget Process 2027 & Work Package 3
Members discussed potential priorities for Work Package 3 within Intersect's approved proposal, which provides capacity for strategic initiatives not originally defined in the budget.
Discussion included:
Identifying future ecosystem processes that could benefit from dedicated funding.
Potential investment in improving the 2027 budget process and supporting associated tooling.
Considering mechanisms for community and ISC input when determining future priorities.
Ensuring funding is reserved for initiatives that deliver clear ecosystem-wide value while returning unused funds to the treasury if no suitable priorities emerge.
A broader discussion also reflected on lessons learned from the 2026 budget process. Members highlighted the need to begin planning earlier, simplify decision-making for DReps, reduce process complexity, and continue improving governance structures while maintaining appropriate oversight and accountability.
8. Looking Ahead
An update was provided on work planned for the coming months.
This includes:
Publishing a 12-month Intersect roadmap outlining planned priorities and milestones.
Continuing work on the Dijkstra hard fork and the Constitutional Amendment Process.
Exploring opportunities for committee involvement in future Catalyst funding activities.
Seeking ISC feedback on future planning and strategic priorities as the roadmap develops.
Actions & Next Steps
Continue encouraging member participation in the Bylaws Member Vote before voting closes.
Publish the final Committee Election Review report.
Publish Intersect's annual financial report.
Continue refining technical stewardship responsibilities and release management processes.
Prepare and share the Intersect 12-month roadmap for ISC feedback.
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