CF CEO Frederik Gregaard responded to Charles Hoskinson’s statements about how the CF board was elected in this twitter space and his response provides a bit more colour:
Specifically, Hosky asked a question at 49:10 about what influence the Swiss Govt had in the election of the current CF board? Frederik Gregaard’s response might be summarised as follows:
The previous CF board had become somewhat dysfunctional. Consequently the Swiss Foundation Supervisor brought in an external law firm “to guide CF back into calmer waters” in January 2021. It was the duty of the Govt Supervisor to do this under Swiss law.
The law firm facilitated the process for the selection of a completely new board. The selection process was conducted by a head hunting firm and they also conducted interviews with the outgoing board members, as well as with Charles Hoskinson personally. First a new president of the board was elected unanimously, including by the IOG board representative. Then another 2 board members were elected, again unanimously, with 1 abstention for 1 new member. The previous board, including the IOG representative then voluntarily resigned. Then finally a fourth board member was added. All these steps were duly documented and signed including by the previous board members.
So it is definitely not true that the Swiss state elected board members. That is not how it works and that is not how it is done.