Amarr Citizen 155
Alternative Methods Research Group
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Posted - 2008.02.27 16:16:00 -
[1]
Edited by: Amarr Citizen 155 on 27/02/2008 16:18:14
 Originally by: Manalapan
That information will be posted later today as myself and the board (yes i am making a board) come to some adequate standards.
So you are making a board today and you and the board are going to meet today and figure out all the details today. You might want to spend a little bit more time on working out the details. Here's how I would do it:
Step 1. Selection of board members
Contact and confirm your selected members and post here with the information requested from an above post. Have those members post here to confirm.
Step 2. Schedule your first meeting/Create an agenda
You should go into further detail about each member's specific roles in your bank so that each member understands their role and the roles of the other members. You should also discuss what types of products and services you want to offer and the feasibility of each.(no need to discuss the specific details of each product and service as that should come later). Next you need to develop your policies and procedures for.....everything. And i do mean everything. Hit by a bus, run on the bank, disclosure of customer information, public reporting of financial details, internal reporting, auditing process, board meeting schedule, who will provide notices to the public on the ban's behalf and how will those notices be prepared, the voting structure for board meetings, your bank's chain of command, and basically any other disclosure not listed here.(I'd say google some real world financial institution that offers similiar services and see what types of information you can find).
Step 3. Keep the community updated and informed.
If there is information that should be made public, then make it public. Negative as well as positive changes should be posted. If you lost some isk to a bad investment, don't leave it out of your monthly report. This all ties back in with the trust issue.
Step 4. Details are your friend
We can't stress this enough. Details, Details, Details!!! Document everything! Keep records of everything!!
Step 5. More board meetings, more details...
Schedule more board meetings to go over the specific details of the products and/or services. The more detailed your information the more likely you are going to realize success in marketing those products and/or services.
There are obviously more steps but that should get the ball rolling. I don't expect you to have all that done in a single day and honestly I would be worried if you did. Don't rush through the details.
Amarr Citizen 155
Disclaimer: Yes there are probably spelling/grammar errors. I am my own private entity and do not belong to any past/present eve financial institution and my opinions and words are MY OWN opinions and words. If you have a problem, hold me and only me responsible for my words.
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