kaal:claim:3441904-020

Fiduciary duties are less relevant in DAOs because the disciplining effect of such duties on management conduct is less needed where centralized management is minimal and there are fewer or no supervisors.

Source quote, verbatim

The disciplining effect of fiduciary duties on management's conduct is less needed because centralized management is minimal in DAOs.

From

Wulf A. Kaal, Blockchain-Based Corporate Governance (2019), III.3 Lack of Default Rules, p. 19
https://ssrn.com/abstract=3441904 · source PDF

Cite as

Wulf A. Kaal, Blockchain-Based Corporate Governance (2019). SSRN: https://ssrn.com/abstract=3441904

Holds when

DAO structures with minimal centralized management

Classification

mechanismsupport: arguedcorporate-governancedao

Related claims

restates kaal:claim:3373393-035 Because of the value to effort focus of work flows in the DAO structure, supervision of management and the imp...

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