kaal:claim:4685567-023

Donor community votes have no binding legal effect on the 501c3 that holds the assets, yet the board will in practice follow the publicly visible voting and staking outcomes because departing from them puts the board and its long term client base at risk.

Source quote, verbatim

in effect it will adhere to the publicly visible voting and staking outcomes of the donor community on their chosen blockchain or centralized database. Not adhering to the choices made by the donor community risks the 501c3 board and its long-term client base.

From

Wulf A. Kaal, Impact Investing Innovation - From Impact 1.0 to 3.0 (2024), Collaborative Giving Communities, p. 40
https://ssrn.com/abstract=4685567 · source PDF

Cite as

Wulf A. Kaal, Impact Investing Innovation - From Impact 1.0 to 3.0 (2024). SSRN: https://ssrn.com/abstract=4685567

Holds when

donor community does not pool assets or take custody
voting and staking outcomes are publicly visible

Classification

mechanismsupport: arguedreputationcompliancegovernance-design

Verify

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Attestation record: colloquium/attestations/8c20b1bf8d0815af...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/4685567-023.md | sha256sum