Dear Members,
Over the past few weeks, the Intersect Board of Directors has been actively gathering feedback from our members by engaging with various committees - such as the Steering, Product, and Technical Steering Committees - following the concerns they raised while remaining open to discussions with all committees.
Our goal is to address your concerns about the budget process and broader governance issues in a timely and transparent manner.
We recognize that the changes to the budget process are still evolving and require further refinement. Thank you for your patience and support as we work together to address these challenges - particularly the need to support the Cardano ecosystem by unlocking funding promptly yet responsibly. We also appreciate the thoughtful input you’ve provided and have taken steps to ensure at least one Board member attends each committee’s meeting on a quarterly basis, so we can continue listening and learning directly.
We have also reached out to the Intersect members who organized a petition calling for a public meeting. Regardless of any final tally on signatures, we recognise this is an important conversation and are committed to having it. The originally suggested date proved challenging for our full Board; however, we remain fully committed to holding such a meeting before the end of this month and have invited the petitioners to join as special guests. We will announce a firm date and time in the coming days.
Looking ahead and recognizing the need for clearer communication and more structured collaboration with our committees, the Board has committed to launching a search for an Executive Director. By May 1, we intend to finalize a plan for this search, ensuring we can promptly move forward with confirming a leader who will support our members, foster closer committee engagement, and help us refine our processes to better serve the Cardano ecosystem.
To everyone who has taken the time to share concerns, offer solutions, or otherwise guide Intersect toward continual improvement: thank you. Your dedication motivates us to be the best organization possible as we work together to strengthen Cardano.
Sincerely,
Adam, Nikhil, Gerard, Kavinda, and Steve