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Is the National Stewardship Council a legal corporate board?

No. The GRA-led National Stewardship Council is not a legal corporate board. 

It is not the board of GRA, GRF, GCRI, Nexus, a National Nexus Consortium Company, a Project SPV, a sponsor, a public authority, or any participating institution. It does not exercise director duties, fiduciary control, corporate governance authority, signing authority, employment authority, contracting authority, budget authority, asset-control authority, or legal management powers. 

A National Stewardship Council may help organize finance-readiness work for a country-linked Nexus Consortium pathway. It may help identify evidence gaps, sector priorities, insurance-readiness questions, capital-readability issues, Nexus Rails routing, NFD/RNFD/UNSFD inputs, Project SPV-readiness questions, National Nexus Consortium Company readiness questions, and Nexus Universe preparation priorities. 

That stewardship function is not corporate board authority. 

If a separate National Nexus Consortium Company or Project SPV is ever formed, it must have its own legal structure, governing documents, directors or managers, duties, approvals, records, contracts, liabilities, insurance, tax treatment, and compliance framework. The National Stewardship Council does not become that board automatically. 

The Council is a stewardship and readiness body. It is not a legal corporate board. 

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