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What do LETSystem Stewards do?

April 26, 2017LETSystem stewards

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What do LETSystem Stewards do?

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Each LETSystem has stewards who are responsible for the integrity of the LETSystem. They are accountable to the account-holders and their powers are strictly limited, as defined in the LETSystem agreements: • they can instruct Registries to decline to record transactions considered inappropriate. • they can liaise with Registries, in particular regarding their charges. • they can act as whistle blowers, drawing the attention of the trading community towards actions which endanger the integrity of the LETSystem. Although Stewards are authorised to act on behalf of the LETSystem trading community in carrying out these duties, they remain personally accountable and personally liable for their actions and decisions. Stewards also risk the loss of the system unless they act with the general consent of the other account-holders. Stewards may be the initiators of a system, or else provision for their appointment can be made at start-up.