At a Midas Board General Meeting on January 15 and June 12 the following motions were discussed and accepted:-

The Midas Senate shall be appointed without prejudice and shall represent the best corporate governance, ethics and principle and shall be composed, subject to contract, of the following eight groups:-

The Midas Senate

         A Royal Patron (To be appointed)

         Elected members from The Midas Praesidium and The Midas Consortium         

The Midas Consortium

        Consortium of Mobile Phone Operators

        Consortium of Banks & Financial Services (BFS)

Midas Forum

• Midas TV + Midas Shareholder Infrastructure Groups & Partners

The Midas Emporium

         Global Mobile Subscribers, Tenant Companies, Service & Content Providers, Broadcasters, Sponsors & Advertisers

Midas Praesidium

• The Midas Board & Shareholder Partners
  

Midas Symposium

• Midas Legal & Audit Directors elected from each of the shareholder groups
  

Midas Quorum

• The Midas Consortium Shareholders and The Midas Senate

Midas Consilium

          Representatives elected from:-

          The European Commission, OECD, The British Bankers' Association (BBA), The Consortium of Banks & Financial Services (CBFS), The European

          Regulators  Group, The European Mobile  Broadcasting Council, Ofcom, The Office of Fair Trading, Consumer Protection Regulatory Body, Financial

          Services Authority and The Data Protection Act.

          In association with:-

          Der Bundesdatenschutzgesetz in Germany, Le Commission Nationale de l'Informatique et des 
          Libertes (CNIL) in France and such parallel institutions in countries where the Midas 
          Consortium may operate.