The standard
Governance and independence
Who decides, under which rules, and how a decision is challenged. Published so that no status on this marketplace rests on an unnamed person.
| Seat | Held by | Independence | Term |
|---|---|---|---|
| Chair | Independent chair, appointed by the board | No VORUNEX shareholding; no issuer relationship | 3 years, renewable once |
| Head of Asset Verification | VORUNEX executive | Recuses on assets reviewed by own team | Ex officio |
| Head of Risk | VORUNEX executive | Sets Risk Class; cannot vote on score ceilings | Ex officio |
| Independent valuation member | External chartered valuer | Declares every engagement with an applicant | 2 years |
| Independent legal member | External counsel, admitted in the hub jurisdiction | Declares every engagement with an applicant | 2 years |
| Investor representative | Elected by verified investors annually | Holds no issuer role | 1 year |
| Secretary (non-voting) | VORUNEX compliance | Records decisions and conflicts | Ex officio |