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Vote power of shareholders

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Zaxix Long Jump. 379	Posted - 2014.06.23 19:57:00 - [31] - Quote Li Quiao wrote: Zaxix wrote: Unless you're the only person in corp and you're the only person who will EVER be in corp, avoid shares. If you're the only person in corp, why even bother with shares? What advantage do they provide? Well, advantage or no, you can't avoid them. When you create a corp, there will be 1000 shares which start out owned by the corp itself. Of course, you can immediately award them all to yourself. If you'd read the thread, you'd know that's been addressed. The point is obvious: avoid using them. Bokononist -á
Tau Cabalander Retirement Retreat Working Stiffs 3777	Posted - 2014.06.23 20:03:00 - [32] - Quote J'Poll wrote: p.s. Directors don't need shares As far as I know: * Only the CEO and directors can start votes (see exception below). * Only the CEO and directors can perform sanction-able actions if votes pass. * The CEO and directors however do not get to vote unless they have shares. * Anyone with a share can vote, regardless if they are in the corp or not. * Only the majority of cast votes matter. A vote can be won with 1 share if nobody else votes. There is one exception to the above: corp members with 5% or more of total shares can start a CEO replacement vote. Note that wardecs don't require a vote.
J'Poll CDG Playgrounds 4048	Posted - 2014.06.23 23:40:00 - [33] - Quote Tau Cabalander wrote: J'Poll wrote: p.s. Directors don't need shares As far as I know: * Only the CEO and directors can start votes (see exception below). * Only the CEO and directors can perform sanction-able actions if votes pass. * The CEO and directors however do not get to vote unless they have shares. * Anyone with a share can vote, regardless if they are in the corp or not. * Only the majority of cast votes matter. A vote can be won with 1 share if nobody else votes. There is one exception to the above: corp members with 5% or more of total shares can start a CEO replacement vote. Note that wardecs don't require a vote. Correct. I meant that anybody can place an alt in the corp and gain director roles eventually if done properly (or use the main and buy shares with an alt). And thus can start their own run for CEO (with or without forwarding their own shares to the director). Personal channel: *Crazy Dutch Guy* Ever wanted to PvP but can't find people to fly with. Look no further and this chat: Redemption Road
Inxentas Ultramar Ultramar Independent Contracting 1325	Posted - 2014.06.24 08:25:00 - [34] - Quote Quant Predictorian, ever heard of shell corps? If you really want to make use of shares make a seperate corporation, and do all your voting / dividents via that shell corp. Do not put the assets and investments of your members at risk, do not use shares, do not expose your corps newbis to these risks. You have been warned in a few threads on the forums now, I'd heed this advice if I were you. Again, eve corps do not function like IRL businesses, but more or less like a -surprise surprise- guild in any run-of-the-mill MMO.
Koniforous Tauren Transit 116	Posted - 2014.06.24 21:44:00 - [35] - Quote Inxentas Ultramar wrote: Quant Predictorian, ever heard of shell corps? If you really want to make use of shares make a seperate corporation, and do all your voting / dividents via that shell corp. Do not put the assets and investments of your members at risk, do not use shares, do not expose your corps newbis to these risks. You have been warned in a few threads on the forums now, I'd heed this advice if I were you. Again, eve corps do not function like IRL businesses, but more or less like a -surprise surprise- guild in any run-of-the-mill MMO. Funny I stumbled through the forums today to see my name brought up here. This is essentially what TAUTX is, a shell corporation. No other pilots other than my alts will ever be a member of TAUTX, and so CREATION of corporate votes is limited to just me. However, all share holders can use their shares to vote whenever I create a new vote. This is the reason that I will always hold at least 51,000 shares in TAUTX (which has a total of 100,000 shares). Aside from all of the headache shares can* cause, assuming you're using them like I am through a shell corporation, they make paying investors extremely easy and traceable by using the dividends system. TAUTX Bank: 12.5% of profits paid to investors monthly. More info: https://forums.eveonline.com/default.aspx?g=posts&t=322582&find=unread
Quant Predictorian Futarchist Singularitists 9	Posted - 2014.06.26 08:34:00 - [36] - Quote Yes, shell corps are important. ISK transfers between the shell corp and an active corp should be well-documented via quarterly or monthly financial reports for shareholders and possible new investors. According to Koniforous, non-member of a corp can't start a vote, only can participate the existing votes. So, no more paranoia. Is that correct? Are shell corps safe with that setup Koniforous mentioned?
Koniforous Tauren Transit 117	Posted - 2014.06.26 08:58:00 - [37] - Quote Yes. Create 2 alts, and 1 corp, and play with transferring all and some of the shares of the new corp between your alts to see how the mechanics work. Try keeping one alt in the corp, one out. Then try keeping both in the corp, to get a hands on feel for share mechanics. TAUTX Bank: 12.5% of profits paid to investors monthly. More info: https://forums.eveonline.com/default.aspx?g=posts&t=322582&find=unread
Tau Cabalander Retirement Retreat Working Stiffs 3793	Posted - 2014.06.26 19:36:00 - [38] - Quote Quant Predictorian wrote: Are shell corps safe with that setup Koniforous mentioned? "Nothing is fool-proof, as fools can be so damn clever." If losing control of a shell corp not in an alliance is acceptable, then I think it will minimize one's exposure. Of course, it might open one to claims of mismanagement if anything goes wrong, regardless of the reason being game mechanics or a weekend away from the computer.
J'Poll CDG Playgrounds 4072	Posted - 2014.06.26 20:57:00 - [39] - Quote Quant Predictorian wrote: Yes, shell corps are important. ISK transfers between the shell corp and an active corp should be well-documented via quarterly or monthly financial reports for shareholders and possible new investors. According to Koniforous, non-member of a corp can't start a vote, only can participate the existing votes. So, no more paranoia. Is that correct? Are shell corps safe with that setup Koniforous mentioned? If it is just YOU and nobody else in the shell corp, yes. But as Tau said, nothing is Idiot proof, idiots will always find a way to break something. Personal channel: *Crazy Dutch Guy* Ever wanted to PvP but can't find people to fly with. Look no further and this chat: Redemption Road
Benetavo Saraki Kaede Industries 0	Posted - 2014.07.27 17:45:00 - [40] - Quote I admit to some confusion after reading all these comments. People are saying anyone with a single share can force a CEO replacement vote. Yet all the reference material (from eve-uni wiki and evelopedia) says that a corp member requires 5% of shares in order to propose a vote for new CEO. Why wouldn't keeping at least 95.1% of shares for yourself and only distributing 4.9% or less of shares prevent someone being able to force a CEO replacement vote?
Inxentas Ultramar Ultramar Independent Contracting 1410	Posted - 2014.07.28 16:37:00 - [41] - Quote Quant Predictorian wrote: Yes, shell corps are important. ISK transfers between the shell corp and an active corp should be well-documented via quarterly or monthly financial reports for shareholders and possible new investors. According to Koniforous, non-member of a corp can't start a vote, only can participate the existing votes. So, no more paranoia. Is that correct? Are shell corps safe with that setup Koniforous mentioned? As stated, only if you (and only you) have an alt (CEO) in that corp, and only use the share system to do payouts to shareholders. Then again, if we are complicting matters through a shell corp anyway, you might just as well create your own publicly available Google Spreadsheet and keep the paperwork seperate from game mechanics that have the potency to ruin your day/month/year. I personally don't even bother fiddling with shares or dividents. Filling in a description when ISK moves is the highlight of my administrative tasks.
Onyx Asablot Legion Of Patriots Bloodline. 17	Posted - 2014.08.02 17:51:00 - [42] - Quote I own all shares of all of my corps. I wouldn't even allow that risk to exist if I were you... CEO https://forums.eveonline.com/default.aspx?g=posts&t=351914&find=unread http://wiki.eveonline.com/en/wiki/Educational_organizations#Legion_Of_Patriots

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