Looks good to me.
As a stubborn old stickler who complains when language evolves, let me take this time to register a complaint in you use of the word "Democracy". The namesake philosopher Democritus would not have supported this "voting for a representative" idea at all, he was more of a proponent of government by the people e.g. by using random selection as is done currently e.g. as jury duty.
A random representative cycling out very often would be harder to control. I am for a Democritus democracy over what we have today.