Hedera’s Board has up to 7 voting directors, who are natural persons elected by the Hedera Council members. To encourage a wide pool of qualified candidates, Council members may nominate any individual to run for a director seat, whether or not he or she is affiliated with a Council member. All of Hedera’s directors are “independent” in the sense that they are not Hedera employees or otherwise have a material relationship with Hedera outside of their service as a director. (See, for example, NASDAQ’s definition of “Independent Director.”) Directors who are affiliated with a Council member nonetheless serve on the Board in their individual capacity, not on behalf of the affiliated Council member. The list of current Hedera directors is here.
Relevant provisions from Hedera’s LLC Agreement:
Section 7.1(c) Composition and Rules of the Board. …
(ii) Composition of Board. The Board shall consist of up to seven (7) Voting Directors and one non-voting Chair. The Voting Directors shall be elected by the Members as set forth in clause (iii) below.
(iii) Nomination and Election of Voting Directors. The Members will elect up to seven (7) Voting Directors. Each Member may nominate one (1) candidate for the Board, who must be a natural person. …”
For more information, visit: Who serves on Hedera’s Board of Directors? – Hedera Help