Nero on the Balcony with another Committee

Well Rome is well and truly alight and all we hear are the sounds of violins on the balcony...or is it just fiddling?

From the BOG Meeting 5 July:

Resolved #3668 ..I move that the Board create a Board-level Special
Compensation Committee with the following structure and responsibilities.

The Compensation Committee shall consist of five voting members, all of whom
will be members of the Board of Governors. The President will select the
Chair who will then select the other four Board members, all five appointees
subject to the approval of the Board.

Later in #3670 it goes on:

The next discussion concerned overlapping responsibilities of the new
committee, the HR committee and TWG2 concerning compensation. The discussion
did not result in resolution, but it was suggested the chairs get together
and resolve any relevant issues. A related discussion involved the need for
the new committee to work with TWG2 in a timely manner in recognition of the
urgency of the TWG¹s commission. This discussion resulted in the following
motion.

Resolved #3671: The Board instruct the Compensation Committee to cooperate
with maximum extent possible with TWG2.

So we have the Board appointing a committee made up entirely of Board
members and then instructing itself to cooperate with itself.

I see that we are making solid progress, at least on increasing the number
of committees.