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by ahachete
1733 days ago
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In Spain, a Foundation is a very strong legal entity scrutinized by the Ministry of Justice. This means, among other things, that: * Every action of its board is supervised by the Ministry of Justice.
* No action or change to the status can go against the initial will (which is part of the Estatutes, in particular Articles 3 and 4). Even if anyone would try to change them, they could only be done in a way that respects them. This is what is called "the founder's will". So it's a very protective non-profit, which always needs to serve the public good and the founder's wills, which are Articles 3 and 4. And there's even public supervision for this. We believed this form of a non-profit is much stronger and better to protect a Community like Postgres from potential rogue actors. As an aside, we contemplate honorary (non-voting) members. We believe is a good thing. I'd also propose the same for Core --I believe at least Bruce Momjian should be named as such. |
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And US corporations are also "legal entities scrutinized by" the DOJ and the SEC.
Look how well that works. The fact that people can sue you if they have enough money does not really make this any more trustworthy than anything else.
It feels an awful lot like you are throwing around terms like a smokescreen and hoping people don't understand Spanish law well enough to confront you about it.