What are the coalition's core principles?
The coalition’s core principles are:
- Responsibility: The company is ultimately responsible for maintaining and updating its capitalization information as a corporate record. Equity holders also have an interest in the company’s capitalization information, which may include the right to use information pertaining to their specific holdings with other services and technologies for their own purposes. The extent of their access to such information is governed by company by-laws, investment, or other pertinent contractual agreements, as well as applicable laws and regulations.
- Company Choice: The company has the right to use or transfer its capitalization information on or to whichever services and technologies it chooses to work with its capitalization information.
- Collective Action: Service providers and technology platforms supporting companies and their equity holders should proactively work together to facilitate the portability of capitalization data in order to enable those companies and their equity holders to accurately, effectively, and efficiently exercise these rights.
What does membership include?
The coalition supports two tiers of membership.
Participating Membership includes:
- Invitations for up to two company representatives to attend all OCT summits and conferences, with opportunities to showcase any related technology integrations and new products;
- Eligibility to nominate and vote during each annual election for the Governing Members (see below) who will become Appointing Members with the right to appoint individuals to serve on the coalition's Board of Directors; and
- Ability to participate in (but not chair) any coalition committees and subcommittees
Governing Membership includes:
- All the benefits of Participating Membership, including invitations for up to five company representatives to attend all OCT summits and conferences;
- Eligibility to stand for election as an Appointing Member, each of whom may name one individual from their respective organizations to serve on the coalition's Board of Directors for a set term; and
- Ability to chair any coalition committees and subcommittees
Regardless of tier, membership includes regular meetings with the fellow members to discuss the upcoming format versions and the future of cap table equity data. The coalition also hosts subcommittees focused on different technological aspects of cap table data and regional differences.
How do you become a member?
Membership is company-based and requires approval by the coalition’s Board of Directors. To submit your request for a membership, please email join@opencaptablecoalition.com with your organization name, member of your organization who will serve as the public member, and anything else you would like presented to the Board for consideration. Memberships are open on a cohort basis.
Is there any financial commitment to joining the coalition?
Participating Membership costs $2,000 annually, while Governing Membership costs $5,000 annually. Once an organization's membership application has been reviewed and confirmed, the coalition will provide an invoice with complete payment details.
