March 9 2026
Attendees:
Name
Attendance
Role
Voting Seat (Y/N)
Jack Briggs
Yes
Executive Director
Y
Nick Cook
No
Director - Operations (Interim)
Y
Sheldon Hunt
Yes
Community Member Seat
Y
Fred Tanaka
Yes
Community Member Seat
Y
Kristijan Kowalsky
Yes
Community Member Seat
Y
Jose Miguel de Gamboa
Yes
Community Member Seat
Y
Georg Link
No
OSC Chair
Y
Samuel Leathers
Yes
Product Chair
Y
Maureen Wepngogn
Yes
MCC Chair
Y
Megan Hess
Yes
CBC Chair
Y
Kevin Hammond
Yes
TSC Chair
Y
Tim Harrison
No
GMC Chair
Y
Nicolas Cerny
Yes
CCC Chair
Y
Lorenzo Bruno
Yes
Secretary of CPC
N
Bosko Majdanac
Yes
Secretary of TSC
N
Abhik Nag
Yes
Secretary of MCC
N
Lloyd Duhon
Yes
Secretary of Budget Committee
N
Larisa Mcfarlane
Yes
Secretary of CCC
N
Terence McCutcheon
Yes
Secretary of OSC & GMC
N
Lara Bonasorte
Yes
Secretary of GMC
N
Additional Attendees:
Mercy Fordwoo - Member of the Intersect Board
Ken-Erik Ølmheim - Vice Chair of Civics
Mike Hornan - Observer
Thiago Nunes - Observer
Agenda: 09.03.2025
Update from Committees
Committee Reward Update
Committee Budgets Drafts
ISC Quarterly Review
Committee Election Update
AOB & Meeting Close
Discussion/Actions
1. Update from Committees
Technical Steering Committee (TSC): Progress continues across hard fork planning, parameter updates, and governance-related improvements. The committee is also contributing to constitution review efforts and refining budget inputs while coordinating on governance risks related to parameter changes and committee participation.
Budget Committee: Finalization of the Budget Process Info Action is underway, with key focus on voting logic, stakeholder participation, and process clarity. Additional work includes publishing FAQs, refining timelines, and preparing the process for launch pending approval.
Civics Committee: Updates were shared via written input, with ongoing coordination required on overlapping governance topics with other committees, particularly around parameter changes and governance structure.
Other Committees: Some committees are currently in a holding or transition phase due to availability or timing constraints, with limited updates provided during this session.
2. Budget Process & Voting Logic
The Budget Committee provided an update on the Budget Process Info Action, noting that final alignment is still pending and an additional session is scheduled to resolve remaining open questions.
A key topic of discussion was the participating stake calculation logic:
Stake is included if a DRep casts any vote (yes/no)
Abstain votes exclude that stake only for the specific proposal
Non-participating DReps are excluded entirely
This model mirrors on-chain governance logic, adapted for off-chain voting via Ekklesia. Some concerns were raised about edge cases (e.g., widespread abstention), but clarification confirmed that the impact is proposal-specific rather than global.
Additional clarifications included:
One treasury donation is required per proposal
Technical reviews occur during the feedback phase (~6 weeks)
KYC applies only when Intersect acts as administrator
Only the contracting entity in a consortium requires KYC
Feedback was provided on the need for stronger formalization of technical review and audit expectations.
3. Committee Budgets & Proposal Structuring
A detailed discussion was held on how committee budgets should be structured and presented. Alignment was confirmed that:
Committee budgets should focus on clear problems or opportunities
Budgets should reflect outcomes and impact, not just activities
It was clarified that:
Committee proposals will be submitted separately from the Intersect core proposal
However, they remain dependent on the Intersect proposal passing
Discussion also covered:
Avoiding duplication between committees, vendors, and Intersect core activities
Using the shared workspace (Miro board) to identify overlaps and gaps
The intention to use RFP processes for vendor execution rather than committees directly delivering work
A need for stronger coordination mechanisms (e.g., RACI matrix, execution tracking) was highlighted to improve clarity, accountability, and continuity.
4. Committee Rewards (Implementation Update)
An update was provided on the rollout of the committee rewards system within the member platform. Members can now complete required steps (KYC, wallet, tax forms) and submit claims. Payments will follow a monthly cycle, with a defined cutoff and payout timeline.
5. Quarterly Alignment Session (ISC Meeting)
A new quarterly session format was introduced to improve alignment across committees, staff, and the board. This will include:
A first hour of structured updates (committees, staff, board)
A second hour focused on discussion and feedback
This is intended to complement existing monthly touchpoints and improve transparency and engagement.
6. Committee Elections (Upcoming)
An update was provided that committee elections are on track, with applications opening on March 30. Committees were advised to complete any required preparatory actions in coordination with their secretaries.
7. Actions & Next Steps
Committees to refine budget proposals using provided templates and feedback
Align committee and Intersect proposals to avoid overlap and ensure dependency clarity
Explore introduction of a RACI matrix and improved execution tracking for future cycles
Last updated