31 Jan 2024 - Intersect board meeting

Minutes: 1000GMT 31 January 2024

Attendees

#	Board Seat	Designator	Alternative	Observer
1	IOG	Tim Harrison		Tamara Haasen
2	EMURGO	Nikhil Joshi	Amar Singh
3				Steve Lupien
4	Intersect	Nigel Hemsley
	Secretary	Lawrence Clark
	Treasure	Dan Singleman

There were no absentees.

As noted in the Intersect Bylaws, for a board meeting to be a quorum, at least the greater of one-third (1/3) of the then-serving Directors or two (2) Directors shall constitute a quorum for the transaction of business at any meeting of the Board of Directors. If less than a majority of the Directors are present at said meeting, a Director present may adjourn the meeting from time to time without further notice.

Was a quorum established? Yes.

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Proceedings

The meeting was called to order by the Chair Nikhil Joshi on the 31 January 2024 at 10:00 UTC.

All cameras were on, and all participants confirmed their adherence to the Directors' Conflict of Interest policy.

The secretary noted the agenda and proceeded with the meeting.

Review of business plan updates following the January team workshop

Nigel Hemsley, COO, provided an update to the board on the team workshop and his organization of the company to the Intersect Business Plan. Areas covered include:

• Intersect Operational areas and their plans for 2024

• Intersect Budget

• DevTrust Budget

Motion taken by unanimous decision to approve the Business Plan

Finance Review

Dan Singleman provided an overview of the DevTrust and Intersect financial accounts. All remain within agreed levels.

Update on Educational Board member

It was noted that Steve Lupien was onboarding as an Intersect Board Member and will have full voting rights for the February board meeting.

Director Remuneration

The research was carried out to validate the 8th December 2024 agreed sum for director remuneration.

Motion taken by unanimous decision to proceed with cirector remuneration

Director and Officers Insurance

An update was provided to the board on finding a supplier for D&O Insurance. Action remains with the Secretary to find a supply by the February board meeting.

Non-Executive Director (NED) Training

An update was provided to the board on finding a company that could provide Non-Executive Training to the Intersect board. It was agreed that training should be around and booked by the February board meeting.

Commercial Adoption

A discussion was held around providing Intersect the mandate to coordinate certain commercial activities on behalf of the ecosystem.

Motion taken by unanimous decision to proceed with a Commercial Adoption working group.

The Chair brought the meeting to a close at 11:10 UTC on 31 January 2024.