Cross-referenced to actions listed on Actions for BE 1.0 FTF Completion for Reston OMG

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• with a skos:definition of "a not for profit organization that is a citizen-based group that functions independently of government"

• with a fibo-fnd-utl-av:explanatoryNote of "NGOs are neither a part of a government nor a conventional for-profit business.  Usually set up by ordinary citizens, NGOs may be funded by governments, foundations, businesses, or private persons."
• with a fibo-fnd-utl-av:explanatoryNote of "NGOs, sometimes called civil societies, are organized on community, national and international levels to serve specific social or political purposes, and are cooperative, rather than commercial, in nature."
• with a fibo-fnd-utl-av:explanatoryNote of "Some NGOs avoid formal funding altogether and are run primarily by volunteers. NGOs are highly diverse groups of organizations engaged in a wide range of activities, and take different forms in different parts of the world. Some may have charitable status, while others may be registered for tax exemption based on recognition of social purposes. Others may be fronts for political, religious, or other interests."
  
• with a restriction that constrains the organization's objective to be an rdfs:subClassOf fibo-be-le-lp:hasObjective some fibo-be-le-lp:PublicPurpose

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• with a skos:definition of "a not for profit organization whose objective is specific to some fundamental set of beliefs and practices generally agreed upon by a number of people, and that is incorporated under the law"

• with a fibo-fnd-utl-av:explanatoryNote of "Often religious corporations are recognized under the law on a sub-national level, for instance by a state or provincial government. The government agency responsible for regulating such corporations is usually the official holder of records, for instance a state department of corporations."
• with a restriction that constrains the organization's objective to be an rdfs:subClassOf fibo-be-le-lp:hasObjective some fibo-be-le-lp:ReligiousObjective

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• with a skos:definition of "a corporation whose objective is to make money, in other words, to ensure realization of a financial benefit such that the amount of revenue gained from a business activity exceeds the expenses, costs and taxes needed to sustain that activity"
• with a restriction that constrains the organization's objective to be an rdfs:subClassOf fibo-be-le-lp:hasObjective some fibo-be-le-lp:ProfitObjective
• with a constraint that ForProfitCorporation is disjoint with NotForProfitCorporation

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A.   In module CorporateControl

• remove Class Affiliate
• remove object property hasAffiliate so that it can instead be replaced by a more symmetrically named property as well as a broader domain than StockCorporation

B. In module ControlParties

• add object property isAffiliateOf
• add label: "is affiliate of"
• add skos:definition: "relates an independent party to another independent party such that one party directly, or indirectly through one or more intermediaries, controls, or is controlled by, or is under common control by the other party"
• add adaptedFrom: http://www.businessdictionary.com/definition/affiliate.html
• add editorialNote: "This definition will expand and become more precise in FIBO regulatory plugins that can more specifically define the relation in terms of the specific language and intent of the regulation, e.g. RegulationW."
• set property domain to be IndependentParty
• set property range to be IndependentParty
• set property characteristic to be symmetric

Resolution N - Remove

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certain restrictions in Stock Corporation (Discretionary)

Description: Remove certain restrictions in Stock Corporation

Rationale: There are several restrictions associated with a StockCorporation that are descriptive but may not be necessary.   We want to reevaluate these restrictions.   Our recommendation is to remove the below listed restrictions for this release.  A subsequent release will refocus on ownership and control relations and may recommend new restrictions at that time.

Resolution: 

A.   In module CorporateControl

• for class StockCorporation:
• remove restriction hasControllingInterestParty min 0 VotingShareholder
• remove restriction hasMajorityControllingInterestParty min 0 OverFiftyPercentControllingInterestCompany
• remove restriction hasSignificantControllingInterestParty min 0 SignificantShareholdingCompany
• remove restriction isWhollyOwnedBy min 0 TotalControllingInterestCompany

Resolution O - Replace Natural Person with LegallyCapablePerson (Discretionary)

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