When entering into a commitment, it is essential that all members involved consider each other's interests to ensure that the agreement is coefficiently beneficial. Non-members may still be considered stakeholders in an agreement if the agreement has an impact on them. Therefore, it is important to take into account the interests and actions of non-members during the negotiation process. In particular, when creating guidelines for the agreement, it is important to consider any guidelines that non-members may or may not be complying with, as this can have an impact on their ability to contribute to the agreement's long-term sustainability.
1. All entities and individuals in the Digital Dollar Association must prioritize the interests of all stakeholders, including shareholders, employees, customers, and the environment.
1A. All participants in any transaction must have an obligation to prioritize the interests and well-being of each other. Members, in particular, are required to prioritize the well-being of all stakeholders and work towards creating sustainable, equitable, and prosperous outcomes for all in accordance with applicable laws and regulations.
2. All entities and individuals must balance long-term success with short-term gains. This includes making public commitments to stakeholders and monitoring progress over time.
3. Entities must invest in employee development and well-being, recognizing that employees are an essential part of the organization's success.
4. All Entitites and individuals must support initiatives that benefit society as a whole, including environmental, social, and governance initiatives.
5. Shareholders must use their shares in a company to influence corporate decisions and push for coefficient capitalism.
6. Entities and individuals must practice transparency and accountability in their operations, making information available to stakeholders and holding themselves accountable for their actions.
7. The Digital Dollar Association must strive for balance between revenue and purpose, recognizing that both are essential for long-term success.
8. It is expected that all entities follow the rules and regulations applicable to individual members of the Digital Dollar Association. To ensure compliance, contracted entities and individuals are encouraged to become members of the Association.
9. All Entities and Individuals value collaboration and cooperation to create mutually beneficial and sustainable commitments. When entering into an agreement, it is important to consider the interests of all parties involved, including those who are not members of the DDA, to ensure the agreement promotes fairness, cooperation, and long-term success.
10. The Digital Dollar Association recognizes the potential of emerging AI technology as a valuable tool for self-management and personal growth. As a forward-thinking organization, we encourage our members to leverage AI tools that can help them manage their time, tasks, and goals more effectively. However, we also recognize the importance of being mindful of the ethical implications of using AI and the potential risks that come with over-reliance on technology.
11. In order to ensure clarity and understanding among all stakeholders, it is crucial to provide concise and accessible summaries of any complex agreements or legal documents. These summaries should be designed to be easily comprehensible to individuals without specialized legal knowledge or expertise, and should include all relevant information without omission or misrepresentation.
11A. Clear communication and transparency are essential to building trust and fostering cooperation among all parties involved. Any attempts to deceive or mislead others, whether through lying by omission or false representation, erode that trust and undermine the foundation of the relationship. Therefore, entities must prioritize honesty and integrity in all communications. This rule is retroactively known as "Remove the Devil from the Details".
Guideline Summary as per Guideline 11:
1. Prioritize all stakeholders, including shareholders, employees, customers, and the environment, to create sustainable and equitable outcomes for all. Metaphor: A strong foundation built with care and attention to each supporting brick will result in a stable and enduring structure for all who benefit from it.
2. Promote the well-being of all parties involved in any transaction, including non-members, and balance short-term gains with long-term success. Metaphor: A farmer who cares for the land and the animals will reap a bountiful harvest for years to come, benefitting both themselves and their community.
3. Commit to transparency, accountability, and making information available to stakeholders, while adhering to applicable laws and regulations. Metaphor: A clear and open window allows light and fresh air to enter, providing a clear view of what's inside and promoting a healthy environment.
4. Invest in employee development and well-being to foster organizational success. Metaphor: A garden that is tended to with care will grow lush and abundant, providing nourishment for all who rely on it.
5. Support initiatives that benefit society as a whole, including environmental, social, and governance initiatives. Metaphor: A river that is kept clean and healthy will sustain life and provide a source of nourishment and recreation for generations to come.
6. Encourage shareholders to use their influence for coefficient capitalism. Metaphor: A community that works together to support and uplift each other will create a thriving and equitable society for all.
7. Strive for balance between revenue and purpose to ensure long-term success. Metaphor: A bird that has two strong wings, one for revenue and one for purpose, will be able to soar to great heights and achieve its goals.
8. Ensure compliance with rules and regulations by becoming a member of the Digital Dollar Association. Metaphor: A team that follows the same playbook and plays by the same rules will work together cohesively and achieve their shared objectives.
9. Value collaboration and cooperation to create mutually beneficial and sustainable commitments. Metaphor: A web that is woven with many threads will be strong and resilient, capable of supporting a diverse array of interests and needs.
10. Embrace emerging AI technology while remaining mindful of ethical implications and potential risks. Metaphor: A tool that is used with care and consideration will provide significant benefits and support growth and development.
11. Prioritize honesty and integrity in all communications to build trust and foster cooperation. Metaphor: Removing the devil from the details of communication will ensure that all parties involved can work together honestly and effectively to achieve shared goals.
Failure to comply with these guidelines may result in Membership Suspension(s).
Any disputes arising under these guidelines or related to the principles of Coefficient Capitalism, as defined by the Digital Dollar Association, shall be resolved through binding arbitration in accordance with the rules of the American Arbitration Association. The arbitrator(s) shall apply the principles of Coefficient Capitalism, which prioritize sustainable, equitable, and prosperous growth that balances the interests of all stakeholders, in resolving the dispute. The parties agree that the decision of the arbitrator(s) shall be final and binding and may be enforced by any court of competent jurisdiction.
Phase 1 (Current):
- Communicate the new guidelines to all members and stakeholders, seeking feedback and comments on the guidelines.
- Revise and improve the guidelines based on member feedback.
- Develop a plan for training and education to ensure all members understand the guidelines and the principles of Coefficient Capitalism.
- Establish a process for monitoring and reporting progress towards the guidelines' objectives.
- Establish a system for reporting non-compliance and taking corrective actions, including potential suspension of membership.
- Require all new members to sign a commitment to abide by the guidelines.
Phase 2 (Year 2):
- Conduct a self-assessment of compliance with the guidelines by all members, including contracted entities.
- Provide feedback and support to members to help them achieve compliance.
- Identify any areas of non-compliance and develop corrective action plans.
Phase 3 (Year 3):
- Enforce compliance with the guidelines for all members, including contracted entities.
- Establish a process for communicating non-compliance issues to customers, suppliers, and other stakeholders.
Phase 4 (Year 4):
- Review the guidelines and assess their effectiveness in achieving the objectives of Coefficient Capitalism.
- Revise and improve the guidelines based on experience and feedback from members and stakeholders.
By working together to create a consensus that takes into account the interests of all parties, while also being mindful of potential limitations or obstacles, commitments can be created that promotes fairness, cooperation, and long-term success.