Too Long; Didn't Read
Corporate governance is one of the hallmarks of publicly traded companies but is typically flexible(or even absent) in startups and small private companies. One of the interesting side-effects of security tokens is that they bring many of the corporate governance challenges of publicly traded or grow-stage companies to small private startups. Any company conducting a security token offering(STO) can end up with a number of investors large enough to make corporate governance nothing short of a nightmare. In the past, I’ve written extensively about security token governance presenting several theses about how to enable those capabilities in security token platforms. However, as more STOs have come to market, my thinking has shifted from the highly theoretical, blockchain governance protocols to more pragmatic governance challenges that need to addressed in the short term in order to ensure long-term viability of STOs. Among those governance challenges in security tokens, voting rights seem like the classic low hanging fruit.