The Board is supervisory body for Honorable East-Terran Company, Honorable West-Terran Company and Honorable Dovani-Squibble Company (further - the Companies).
The Chairman is the chairman of The Board.
The Chairman
1 The Chairman is elected by The Board and serves until retirement. Maximal retirement age is 80 years.
2 The Chairman is part of The Board and has additional mandate to use veto, as well as take tactical decisions that can be overridden by The Board (obviously if such a decision impacts the Board, it is not enforced until The Board approval - i.e. you can not fire The Board unless it approves )
3 New Chairman is elected by The Board from existing Board members
4 The retired Chairman has rights to appoint New Board member
The Board
5 The Board makes political and strategical decisions binding for the Companies. Simple majority is required.
6 The Board approves and has power to fire the CEOs of the Companies.
7 New Board member is elected by The Board (for exception see The Chairman point 4) and serves until retirement. Maximal retirement age is 80 years.
Minimum age for both The Chairman and The Board roles is 40 years.
ooc: basically when you own The Chairman and character grows old it gets replaced by another player's char The Board member, and you have rights to claim his seat for your new character