kaal:claim:3373393-035

Because of the value to effort focus of work flows in the DAO structure, supervision of management and the imposition of legal duties on management are less needed, since there are fewer or no supervisors, so the fiduciary duties on which the traditional regulatory infrastructure relies become less necessary.

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Source quote, verbatim
Because of the value to effort focus of work flows in the DAO structure, supervision of management and imposition of legal duties on management is less needed because there are fewer or no supervisors.
From

Wulf A. Kaal, Blockchain Solutions for Agency Problems in Corporate Governance (2019), III.4 Agency Reform, p. 23
https://ssrn.com/abstract=3373393 · source PDF

Cite as

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

Holds when
Classification

mechanismsupport: argueddaocorporate-governance

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