Mifos Foundation

B. Mifos Foundation, USA

1. Governance practices and checks for breach of Public Trust:

1.1. Controlled Party Influence on a US registered 501(c)(3) public charity:

What are the open source project lifecycle practices, exercised through the public facing contributions of volunteers(affiliated to private organisations) and through their active contribution to the Mifos X?

Have these volunteers made active consistent effort in clarifying their conflict of interest?

Whether or not, the Mifos Foundation made active consistent effort in clarifying the controlled party influence on the project Mifos X, used by heavily regulated banking industry?

Effective Date of Exemption: October 12, 2011.

1.2. Intellectual Property Clarifications:

Whether or not, the volunteers(affiliated to private organisations) followed a provision for grievance redressal for IP clarification, during, when and after the already open source licensed Intellectual Property Mifos X was donated from Mifos Foundation to Apache Software Foundation?

Whether or not, the volunteers(affiliated to private organisations), accurately represented project Intellectual Property information in the public facing records, through their active role on the PMC of the project?

https://mifos.org/about-us/financial-legal/mifos-contributor-agreement/

‘'All Mifos Software is released and freely available, royalty free, in perpetuity, via the open source Mozilla Public License.’'

Source: https://issuu.com/mifosinitiative/docs/mifos_2014_annual-report_issuu

https://www.mail-archive.com/mifos-users@lists.sourceforge.net/msg03154.html 29 Feb 2012 mailing list

1.3. Discrimination against minorities:

Whether or not, the public facing volunteer contributions on project Mifos X, follow a diversity, inclusion policy?

If no, does the project governance model actively discriminate against minorities?

What are the open source project lifecycle practices, exercised through the public facing contributions of volunteers(affiliated to private organisations), which may have led to such bad practices?

1.4. Concealing facts from Public:

Whether or not, the volunteers(affiliated to private organisations) have actively concealed information, facts and fixtures on the project from the public?

If yes, whether or not, the volunteers(affiliated to private organisations) have acknowledged and made active consistent effort in clarifying the breach of public trust?

If no to this, then what are the possible demerits of Mifos governance model for a financial technology project, consumed by regulated banking entities, which may have led to such bad practices?

1.5. Directors Culpability in Breach of trust and audit for violation of fiduciary responsibilities:

Whether or not, the Board of Directors of Mifos Foundation taken cognisance of any breach of public trust, if they have become aware of the information or if the information was made public?