This is a sketch of bylaws that hybridize Weighted Direct Democracy with traditional board/executive governance. This is to allow experimenting with Weighted Direct Democracy in a less risky way.
- There is a board, who selects and assists the CEO and meets monthly or quarterly to oversee the company and the CEO's performance.
- There is a board election whenever someone resigns from the board or when 40% of the membership voting strength is used to call for a board election.
- Any member can nominate any one candidate for board election.
- Weighted Score Voting is used, meaning they give can score a candidate between zero and one, and those scores are multiplied by the amount of voting power of that member.
- The election lasts two weeks from the date of the election trigger (resignation or voting power reached).
- The board seats are filled by the top candidates based on their aggregated scores (if there are 11 board seats, the top 11 candidates get them).
- The board doesn't modify the bylaws. The members can trigger a bylaws election with 60% of voting strength.
- A bylaws election is a "document election". Any member can nominate a document they propose should be the new bylaws.
- The existing bylaws are automatically nominated.
- Once again the election lasts two weeks, and Weighted Score is used to select the top candidate.
- There is a board election (but not a bylaws election) when the cooperative is formally founded.
- The organization cannot be demutualized, it can only be dissolved with 90% of voting strength.
- If a member leaves the cooperative or falls out of good standing (doesn't pay bills) their voting weights are "turned off", meaning they aren't relevant for actions that require some percentage of member votes. This means the voting weights continue to exist and decay normally, so they can be "picked back up" if the member rejoins or restores good standing.