"The Bitcoin foundation serves as a figure head for the Bitcoin community, one of the purposes being to educate and build trust in the protocol. It is often cited by the mainstream press who look to the foundation to provide guidance and comment.
Mark Karpeles, CEO Of Mt Gox has continually proven himself to be incompetent, causing fear in the community and damaging the trust signals that Bitcoin relies on so as to be taken seriously.
Aside from the countless other issues that Mt Gox has encountered over the previous years, this week Mark Karpeles irresponsibly released information stating that the issues the company were facing with withdrawals were due to "A bug in the Bitcoin software" something which was disputed by Gavin Andresen:
Further to this, despite having been questioned this morning, Mark refused to comment on the status of customer's money, instead leaving the customer who'd travelled all the way from The UK to wait outside in the snow. This is not the behaviour that we should expect from a board member!
We would like him to be removed from his position on the board and all association with Mt Gox to be removed from the Bitcoin Foundation website."
Here is the relevant section of our bylaws:
Section 5.16 Resignation and Removal:
a. Resignation. A director may resign at any time by giving written notice to: (i) the Board of Directors; (ii) the Chairman of the Board; or (iii) the Secretary of the Corporation. Such resignation is effective when notice is effective. Notice of resignation is irrevocable once delivered, unless the Board of Directors permits withdrawal prior to its effectiveness.
b. Removal for Cause. The Board of Directors may remove any director elected by the members for cause at a meeting called for that purpose, if the director has been: (i) declared of unsound mind by a final order of court; (ii) convicted of a felony; or (iii) found by a final order or judgment to have breached any duty arising under these Bylaws, the Articles, or applicable law. Only the Board of Directors may vote to remove such director by a majority vote of the remaining directors.
c. Removal Without Cause. Any director may be removed without cause at a meeting called for that purpose by the Board of Directors. The director may be removed without cause by the affirmative vote of two-thirds of the directors then in office.
Unless Mark Karpeles decides to resign, it appears that the Board of Directors would have to meet and two-thirds would have to advise his removal. Regardless, I would like to encourage other Bitcoin Foundation members to share their input and for the Board of Directors to—at the least—respond in some manner.