# TrueFi Board of Directors Update and Compensation

**URL:** <https://forum.truefi.io/t/truefi-board-of-directors-update-and-compensation/1820>\
**Category:** General\
**Created:** [August 14, 2024, 8:45pm UTC](https://forum.truefi.io/t/truefi-board-of-directors-update-and-compensation/1820 "2024-08-14T20:45:26Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![vandynathan](https://avatars.discourse-cdn.com/v4/letter/v/4af34b/32.png) [@vandynathan](https://forum.truefi.io/u/vandynathan)\
**Post date:** [August 14, 2024, 8:45pm UTC](https://forum.truefi.io/t/truefi-board-of-directors-update-and-compensation/1820/1 "2024-08-14T20:45:26Z")

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#### Introduction

The transition is going well and @WallfacerLabs have been helpful with the handover of the TrueFi assets, socials and ongoing operations. We are maintaining the core TrueFi operations, as we move into the next stage of TrueFi’s development, the Board of Directors will be collaborating more closely with our service providers to scale both current and future TrueFi offerings.

#### Increased Workload and Board Member Replacement

With the transition demanding more time and effort from the Directors than initially anticipated, we are in the process of looking for someone to replace the resigned Board member and have discussed increased support from service providers.

#### Transparency in Board Activities and Compensation

In the spirit of transparency, we have outlined the total hours worked by the Board over the past 7 months, on top of the regular 4 hours per week. The total amount of TRU to be allocated to the Board of Directors is **1,071,715 TRU**.

For reference, you can review the tasks and compensation calculations here:

> **[TrueFi Director compensation - H1 2024](https://docs.google.com/spreadsheets/d/1MPRbeL-TW5EG_226SOif9-ADF0evZvzuyulo4qxUfJY/edit?gid=1339345637#gid=1339345637)**
>
> This Sheet is private

You can also review the original roles, responsibilities and compensation here:

- [[Board Candidate] Nathan Vandy's Platform Statement](https://forum.truefi.io/t/board-candidate-nathan-vandys-platform-statement/1531)
- [[Board Candidate] Ferengi's Platform Statement](https://forum.truefi.io/t/board-candidate-ferengis-platform-statement/1534)
- [[Board Candidate] Masahide Hoshi's Platform Statement](https://forum.truefi.io/t/board-candidate-masahide-hoshis-platform-statement/1540)

#### Community Feedback and Next Steps

Given that the original agreement has been confirmed, we are presenting this for community feedback for 48 hours before proceeding on-chain via Tally.

We appreciate your input and look forward to providing further updates.

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**Author:** ![Sanctus](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.truefi.io/sanctus/32/414_2.png) [@Sanctus](https://forum.truefi.io/u/Sanctus)\
**Post date:** [August 15, 2024, 3:17pm UTC](https://forum.truefi.io/t/truefi-board-of-directors-update-and-compensation/1820/2 "2024-08-15T15:17:12Z")

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Looks fair and transparent. Thanks for the post.

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**Author:** ![CicadaSefton](https://avatars.discourse-cdn.com/v4/letter/c/76d3ee/32.png) [@CicadaSefton](https://forum.truefi.io/u/CicadaSefton)\
**Post date:** [August 15, 2024, 4:47pm UTC](https://forum.truefi.io/t/truefi-board-of-directors-update-and-compensation/1820/3 "2024-08-15T16:47:33Z")

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Thanks for this post and all the onboarding assistance. I agree, this is fair and transparent.