3.2.1 Charter

return to Legal Documents

Note: Within the DIDO context, an Ecosphere requires a Charter. Ecosystems, and Domains are chartered under and with the approval of their parent Ecosphere.A charter is a legal document providing a community_of_interest_coi basic information such as its location, profit status (usually non-profit), governing board composition and stakeholder structure. Sommetimes the Charter is referred to as the articles of incorporation or a certificate of incorporation, A CoI Charter is not the same as the CoI Bylaws, which set forth the rules for the company's day-to-day operations.1) Investing Answers, Corporate Charter, Accessed 21 March 2020, https://investinganswers.com/dictionary/c/corporate-charter .

The CoI charter is important because when they are filed and approved with a legal entity, such as a secretary of state, they “give birth” to a new CoI as a formal corporation.

The charter also describes the makeup of the board of directors and the ownership structure of the organization. The articles of incorporation of a for-profit business include the number, classes and par values of authorized shares. The name and address of the company’s registered_agent should be included. Chaarters: Creating the Organization

Essential Elements of a Charter

Name Address Statement of PurposeProfit Status (Usually non-Profit)registered_agentAgent's AddressNumber of Shares AuthorizedThe Classes and par value of the sharesRoles and Responsibilities**Directors*

Standards

The Charter id made specifically for the CoI (i.e., Ecosphere).

Tools

Smartsheet Project Charter Template, Smartsheet, 21 May 2020, https://www.smartsheet.com/blog/project-charter-templates-and-guidelines-every-business-needUpBoard, Project Charter Online Tools & Templates – Best Practices, accessed 21 May 2020, https://upboard.io/project-charter-online-software-tools-templates/

References

The Essential Guide to Creating an Effective Team Charter