# kaal:claim:3373393-035

**Claim.** 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.

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

**Holds when.**

- DAO structures with few or no supervisors

**Source quote.**

> 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, page 23

**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, corporate-governance

**Keywords.** dao, fiduciary-duties, regulation, supervision, agency-reform

**Superseded by.** A later claim revises this one. Prefer quoting: https://wulfkaal.github.io/claims/5886342-034

**Related claims.**

- restated_by: https://wulfkaal.github.io/claims/3441904-020

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