The Foundation operates according to two separate but related governance structures and strives for transparency, neutrality and meritocracy in both.
The Foundation’s corporate governance is defined by our bylaws and the other policies below:
FINOS charter under Delaware corporate law
Policy ensuring that the Foundation's work is not deemed to be anticompetitive
Policy for disclosure and resolution of conflicts of interest
The board of directors sets the high-level direction and policies of the Foundation, including membership and program governance policies. It also approves new programs and the budget, as well as provides guidance to the Foundation’s management. The board meets in-person quarterly and as-needed by teleconference. The full authority and responsibilities of the board can be found in Section 4 of our Bylaws.
The board of directors is elected or appointed according to the following rules, as set out in the Foundation's Bylaws (§4.3) and Member Policies:
The Board of Directors is led by a chairperson and vice-chairperson. The chairs work closely with the Foundation's Executive Director and the board to prepare the agendas for board meetings, manage executive sessions of the board, and assist the Executive Director with member development.
The Foundation is operated day-to-day by the Foundation staff, led by our Executive Director, who also serves on the board. The staff is responsible for interfacing with our members, facilitating the work of FINOS community programs, providing member services like our Member Success initiative, organizing and marketing Foundation events and program-related announcements, and more.Meet the FINOS team here.
The Foundation’s collaborative community work is organized into programs. Programs may be focused on a general area of interest to members, such as desktop application interoperability (e.g., FDC3 program), or on a specific technology, such as in the Symphony program. Each new program must be proposed by a Foundation member and approved by the board of directors.
The governance of community activity is defined by the following policies:
The board-approved policy setting forth the requirements for proposing and operating programs.
The Foundation’s template policy defining how an individual program is governed by its participants. Every program’s POP must be based on this template.
This section describes the key roles and responsibilities defined by these policies.