This is an awesome idea! Long overdue.

I volunteer to be on the approval board.

Predictably and sadly I can see lots of miners giving push back because they
have the most to lose. They are the ones who create the scam coins, build the hype,
sell them overpriced to the coin threads, and then dump them on the exchanges.

My only advice is keep it simple, don't get bogged down in minutia.

Refine the basic principles to follow to achieve Faircoin status, and create a trusted board of members who can approve or disapprove.

Let's do this!