Pursuant to Article 11 of the bylaws of Stichting Financial Cryptography (the Foundation): Steering Committee Guidelines Article I: Purpose The primary purpose of the Steering Committee is to ensure the smooth organization and academic integrity of the Foundation's conferences and workshops. Article II: Tasks and Responsibilities The Steering Committee is responsible for providing a stabilizing influence and vision, oversight of organizational efforts, and promotion of the Foundation's activities. In practice these responsibilities are achieved by monitoring and review of the organizational status at regular meetings, providing assistance to the organizers as required, defining scope as emergent issues force consideration of changes, and conflict resolution when necessary. Article III: Composition The Steering Committee consists of five elected members. The term of office is three years, with staggered terms, so that at least one term expires each year. Members are elected by a Selection Committee at a meeting held during the annual Financial Cryptography conference and may be re-elected upon expiration of their terms. Article IV: Meetings The Steering Committee elects a Chair to preside over its meetings, and meets regularly to carry out its objectives. Meetings can be held via electronic communications media, but the Steering Committee will strive to hold at least one physical meeting per year, typically at the annual Financial Cryptography conference. For urgent business, additional meetings of the Steering Committee may be called by its Chair or by a majority of the Members with two weeks notice with an agenda. The Steering Committee may also transact urgent business that arises between meetings by post, fax, telephone, and/or electronic mail. Minutes of Steering Committee meetings are taken by a person designated by the Chair. These minutes, after approval and/or correction by the Steering Committee, are made available to the Foundation. A majority of the Steering Committee constitutes a quorum. Except as otherwise specifically noted, decisions are made by a majority vote of the Steering Committee members present (including proxies) or by a majority vote of the full Steering Committee for actions taken outside of the meeting. The Steering Committee will notify the Foundation of its meetings and invite a representative of the Foundation to participate if desired. The Steering Committee may invite non-Members to participate in a meeting, but only the Steering Committee members will have a vote in any decisions of the meeting. Article V: Conferences and Workshops The Foundation organizes an annual Financial Cryptography conference. The Foundation may organize, or co-organize, additional conferences, workshops, or other similar meetings and may cooperate in other worthy meetings or conferences as it deems appropriate. A General Chair and a Program Chair are appointed by the Steering Committee for each conference or workshop organized by the Foundation. The General Chair has full responsibility for arranging all aspects of the conference except for the technical program and may appoint others to assist in the execution of these duties. The Program Chair is responsible for the technical program and appoints a program committee to assist him or her in ensuring that the program meets a high scientific standard. The General Chair will propose a budget to the Steering Committee, and upon approval, the Steering Committee will propose a budget to the Foundation. The Steering Committee will, in cooperation with the General Chair, promote the conferences and workshops and assist in seeking sponsorship. Article VI: Elections A Selection Committee composed of the registrants (excluding accompanying and press registrations) for the annual Financial Cryptography conference will elect candidates to any open position(s) in the Steering Committee at a meeting scheduled for this purpose during the conference. The meeting is chaired by a designated member of the Steering Committee or by a representative of the Foundation. The Chair presents a list of vacant Steering Committee positions (including those of members whose terms are expiring) and the Steering Committee's nominations for these positions, and accepts additional nominations from the floor. Any Selection Committee member may nominate another member present at the meeting and all nominations must be seconded in order to be added to the ballot. After each of the candidates is given an opportunity to make a brief statement, the Selection Committee will vote in accordance with election procedures established by the Steering Committee. Any premature vacancy in the Steering Committee is filled by a candidate chosen by the Steering Committee and serves until the next Selection Committee meeting, at which a replacement is elected for the remainder of the term. Article VII: Removal Any Steering Committee member who engages in an activity inconsistent with the purposes of the Foundation may be removed upon two-thirds vote of the full Steering Committee. The person under investigation has the right to examine the charges against him or her and to make a statement defending himself or herself before the vote. The proceedings and documentation are confidential, unless the person under investigation wishes to make them public. Article VIII: Compensation Steering Committee members receive no compensation for their services, however, serving on the Steering Committee does not preclude receiving compensation from the Foundation for other services performed.