# kaal:claim:3373393-034

**Claim.** Because the DAO structure functions without supervisors, token holders who conclude they cannot add value on a task can move to more productive endeavors without incurring the penalties that would exist in a traditional hierarchical corporate structure.

**Type.** mechanism  **Support.** argued

**Holds when.**

- DAO structures without supervisors

**Source quote.**

> because the DAO structure functions without supervisors, DAO token holders who decide they cannot add value on a given task can move to more productive endeavors that better utilize their skills without any penalties

**From.** Wulf A. Kaal, *Blockchain Solutions for Agency Problems in Corporate Governance* (2019), III.3 Reforming Governance Hierarchies, page 22

**Cite as.** Wulf A. Kaal, Blockchain Solutions for Agency Problems in Corporate Governance (2019). SSRN: https://ssrn.com/abstract=3373393

**Verify.** sha256 of source PDF `4d1424b9ba9aff8a61bc7a0dddd02cded93785e5843685dde76c07dcdb23961e` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202019%20-%20Blockchain%20Solutions%20for%20Agency%20Problems%20in%20Corporate%20Governance.pdf

**Topics.** dao, institutional-design

**Keywords.** dao, hierarchy, labor-mobility, self-organization

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