Stocksy uses an innovative resolution process to host online member submissions, voting, and discussion within the member-only portal on the site.
This partially automated resolution system allows members to engage with Stocksy United’s democratic process in real-time, regardless of physical location or timezone.
a. Resolutions may be initiated by a member, group of members, or Stocksy headquarters at any time, in a form provided by Stocksy.
b. Ideas for discussion, site suggestions, or other submissions that are not in finalized resolution form will need to be finessed and expanded, likely with the assistance of HQ or other members. Only fully finalized resolutions will proceed to a final vote.
c. Resolutions will be voted on electronically.
d. Resolutions that receive a majority vote will be assessed by Stocksy headquarters, who will determine prioritization and method of implementation to best serve members.
Stocksy’s resolution process is unique in many ways:
- The process is designed to function in real-time, fulfilling the intentions of member meetings within our platform.
- The system is automated to send member communications and update our forum threads as a means to provide multiple opportunities for member engagement.
- The board reviews approved Ideas for Discussion utilizing a report that is put together by our governance team in consultation with our leadership team and includes vote results, links to forum conversations and key arguments, relevant data, and other information.
- The board then votes on whether the Idea advances to a formal Resolution vote, is implemented by the co-op without a vote, or does not advance.
How it works
At any time, members can begin the resolution process by submitting an Idea for Discussion ("Idea") for consideration by the membership. Once an Idea is submitted, members will be automatically notified via email and the Idea is posted to the member forums. Members are then directed to vote for one of three options: "yes" to advance the idea, "no" to decline the idea, or "abstain" to neither vote for or against the Idea.
Once quorum is reached on this first level (10% of Class C members), a reminder email and forum post is sent notifying members of a 7-day countdown to cast their vote. The membership will then vote to either “advance" or "not advance" the Idea to Stocksy United's Board of Directors for review. If advanced, the Board will review as part of their quarterly review cycle and determine whether to "approve," "decline," or submit a formal Resolution back to the membership for official voting.
Each stage or status change within the resolution process triggers an automated member email and forum post to keep members informed on a Resolution's status in the process.
Approved Resolutions are posted in the forums, sent to members via email, and added to the product roadmap.