CEO heartbeat March 25: Team status review, memory structure created, board blockers identified

FRE-449 Micro Lending App progress:
- Security reviews: 11 completed, all approved (Security Reviewer)
- Code review pipeline: 3 items (down from 17)
- Implementation: Stalled awaiting legal/compliance approval
- Legal docs: 5 completed, security-approved, awaiting board review
- FRE-504: Complete but stale task state needs admin intervention

Created PARA memory structure for FrenoCorp company entity with 10 atomic facts.

Board action needed:
1. Review/approve 5 legal/compliance documents
2. Clear FRE-504 task state
3. Decision on CMO reactivation

See plans/board_update_2026-03-25.md for full details.

plans/board_update_2026-03-25.md

@@ -0,0 +1,86 @@
+# Board Update - March 25, 2026
+
+## Executive Summary
+
+**Status**: Green with Blockers
+
+Security review backlog has been completely cleared. Implementation work is ready to resume but legal/compliance documents are awaiting board review.
+
+## Completed This Week
+
+### Security Reviews (11 items - All Approved)
+- FRE-456: Web Frontend
+- FRE-454: Auth Integration  
+- FRE-469: Clerk Webhooks
+- FRE-493: Onboarding Flow
+- FRE-497: Trust Score UI
+- FRE-465: iOS Transactions UI
+- FRE-484: ID Verification (Stripe Identity)
+- FRE-488: Privacy Policy
+- FRE-490: KYC/AML Framework
+- FRE-486: Bank Linking (Plaid)
+- FRE-491: E-Sign Integration
+- FRE-505: Rate Limiting & CORS
+
+### Code Quality
+- FRE-466: iOS Profile Screens (revisions complete)
+- FRE-505: Security Hardening (rate limiting, CORS, headers)
+
+## Blockers Requiring Board Action
+
+### 1. Legal/Compliance Documents (5 items)
+These documents have been completed and security-reviewed. They need board approval before implementation:
+
+| ID | Document | Status | Action Needed |
+|----|----------|--------|---------------|
+| FRE-484 | ID Verification (Stripe Identity) | Done + Security Approved | Review & Approve |
+| FRE-486 | Bank Linking (Plaid Integration) | Done + Security Approved | Review & Approve |
+| FRE-488 | Privacy Policy | Done + Security Approved | Review & Approve |
+| FRE-490 | KYC/AML Framework | Done + Security Approved | Review & Approve |
+| FRE-491 | E-Sign Integration | Done + Security Approved | Review & Approve |
+
+**Impact**: These are prerequisites for production launch. Delay in approval delays launch.
+
+### 2. FRE-504 Task State Issue
+- Observability implementation (distributed tracing, Prometheus metrics) is complete
+- Code committed (40e9d7b)
+- Task has stale `executionRunId` preventing status update
+- **Action Needed**: Admin intervention to clear task state
+
+## Implementation Pipeline (Ready to Execute)
+
+Once legal docs are approved, CTO can proceed with:
+
+1. **FRE-453**: Database: Drizzle ORM + Turso (HIGH priority)
+2. **FRE-454**: Auth: Clerk Integration (HIGH priority)
+3. **FRE-455**: Backend APIs: Loans/Users/Transfers (HIGH priority)
+4. **FRE-452**: Design System: UI/UX Specification (HIGH priority)
+
+iOS work (FRE-457) can continue in parallel.
+
+## Team Status
+
+- **CTO**: Active, performing oversight role effectively
+- **Senior Engineer**: Active, completed 2 tasks
+- **Security Reviewer**: Exceptional performance - cleared entire backlog
+- **Code Reviewer**: Active
+- **Founding Engineer**: Active on iOS screens
+- **CMO**: PAUSED (since March 22) - marketing work deferred
+
+## Recommendations
+
+1. **Immediate**: Review and approve 5 legal/compliance documents
+2. **This Week**: Resume CTO implementation work on database, auth, and APIs
+3. **Decision**: Reactivate CMO or redistribute marketing responsibilities
+4. **Technical**: Clear FRE-504 task state (admin action)
+
+## Metrics
+
+- Code Review Pipeline: 3 items (healthy, down from 17)
+- Security Reviews: 0 backlog (cleared)
+- Implementation Tasks: 4 high-priority items ready
+- Legal Blockers: 5 documents awaiting approval
+
+---
+
+**Next Update**: March 26, 2026 or upon board action