# IIP-XY - Finance Nest Autonomy Act Amendment #1 **URL:** \ **Category:** Governance\ **Tags:** IIP\ **Created:** [6 April 2022 11:18 UTC](https://gov.indexcoop.com/t/iip-xy-finance-nest-autonomy-act-amendment-1/4127 "2022-04-06T11:18:55Z")\ **Posts on this page:** 1\ **Showing post:** 2
**Author:** ![nic](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/nic/32/1840_2.png) [@nic](https://gov.indexcoop.com/u/nic)\ **Post date:** [7 April 2022 20:57 UTC](https://gov.indexcoop.com/t/iip-xy-finance-nest-autonomy-act-amendment-1/4127/2 "2022-04-07T20:57:23Z")
If I am understanding this properly this is two proposals to give Finance Nest more unilateral decision making power across two high-impact areas: 1. Capital Structure - change the Index Coop’s capital structure and add a line of credit of unknown size/parameters/impact etc… 2. Who controls Index Coop funds - no longer use IIPs to change singers on two major wallets (3-of-11 [Operations](https://etherscan.io/address/0xFafd604d1CC8b6B3B6CC859cF80Fd902972371C1) and 4-of-7 [Investment](https://etherscan.io/address/0x462A63D4405A6462b157341A78Fd1baBfD3F8065) accounts). Instead, Finance Nest decides itself and reports after the fact. On the first point, changing the capital structure is a big decision that needs considerable discussion amongst the largest stakeholders. We are against such a decision being delegated to a small group of individuals outside the visibility of INDEX holders and large stakeholders. We support well thought out plans, which - knowing you 🙂 - I am certain you already have / can create. → Do you have a plan already that you can share such that the specifics can be assessed/discussed before any decisions are made? On the second point, it is a well-known best practice in crypto to add/remove signers on major wallets via vote (i.e. [Yearn](https://gov.yearn.finance/t/yip-62-change-two-multisig-signers/10758)). You seemed to have advocated for this [recently](https://gov.indexcoop.com/t/evolving-the-index-coop-treasury-mutisig-vision-principles-potential-next-steps/4004/2). We are against removing the IIP requirement for adding/removing signers to major Index Coop wallets. There are other solutions to this problem that don’t involve removing such a critical decision from INDEX holder purview (i.e. choose signers who are less likely to churn). → Curious to learn: Why has your thinking changed on whether IIPs are needed to add/remove folks from major wallets? What alternatives have you considered to the problem(s) you are facing? --- _[View the full topic](https://gov.indexcoop.com/t/iip-xy-finance-nest-autonomy-act-amendment-1/4127)._