The “traditional way” of corporate governance is in significant part based on lessons learned from past mistakes, so I think at least a weak presumption in favor of following that approach is warranted. Otherwise, the only way to learn those lessons will be to make the same painful mistakes. If we only follow the traditional approach when we would independently reach that outcome via reasoning, we’re not assigning any weight to that body of experience.
2022 definitely seemed to be a big year for EA making some painful mistakes in order to learn why some parts of the traditional scheme are the way they are. In more ways than just SBF/FTX unfortunately. I think 2023 is the year we pay the price for that, but hopefully we will learn and be stronger.
The “traditional way” of corporate governance is in significant part based on lessons learned from past mistakes, so I think at least a weak presumption in favor of following that approach is warranted. Otherwise, the only way to learn those lessons will be to make the same painful mistakes. If we only follow the traditional approach when we would independently reach that outcome via reasoning, we’re not assigning any weight to that body of experience.
2022 definitely seemed to be a big year for EA making some painful mistakes in order to learn why some parts of the traditional scheme are the way they are. In more ways than just SBF/FTX unfortunately. I think 2023 is the year we pay the price for that, but hopefully we will learn and be stronger.