I’m not sure the statement of “currently owns less than 5%” indicates that it needs to stay below that threshold in perpetuity to maintain any sort of non-profit status (@acityinohio would probably know if this is the case). It was a statement of current status at the time of application.
My main point is that we are electing a Board made up of multiple members (not a President/Director) so if we were to add Ian then any theoretical Conflict of Interest would still be able to be kept in check by the fact that he can be overruled or even removed from the Board if the Board feels it’s an issue. If the majority of the Board were to be Zcash Company members I would see a cause for concern but for now I don’t think your call for him withdrawing candidacy is warranted based solely on him having been a Founding member of Zcash.
Also, based on my skimming of the applications of all the other Board candidates there seems to be a lack of hands-on Zcash protocol experience. Is it wise to push for having very few on the board that have a deep understanding of how Zcash works?
(Edits for clarifying board members)