Spolu 15: Spolu Auditing

The spolus need regular auditing, maybe once every four years by the spolu network. Are the spolu accounting rules being followed? Are management salaries within the 20x multiplier? Are the invoices for various “consulting services” actually for real services rendered — and not just a mechanism to move money out of the spolu. Has the spolu become unnecessarily complicated in its corporate structure?

In other words, the spolu auditing team will be checking to ensure the spolu is operating with the spolu spirit, working towards providing profit distribution for the stakeholders.

I recommend that each spolu be ranked for their adherence to its spolu spirit. That rank will be changed after each audit. After the first audit, a spolus can move from “New” to “2”. Another favorable audit moves it from “2” to “3.”

A rank of “1” means a spolu has some issues that need rectifying. If they are not rectified by the next audit, the spolu should be dropped from the spolu network. The spolu shares are converted to corporate shares, and the investors are now in full control of the business. This business no longer receives profit distributions from other spolus. It will likely suffer some loss of customers.

It is common practice for many businesses to set up multiple corporations, all with cross holdings in each other. In the same way…