Commentary-13

Article 13(1) makes horizontal, direct decision-making the default of DAOs, as opposed to the vertical, delegated management that can be seen in the typical Berle-Means corporation. The specific manner in which decision-making power and tasks are distributed is to be determined by the DAO itself in its By-Laws. This, naturally, can include opting for some form of delegated decision-making.

Where a DAO has appointed one or several Administrators(s) to represent the DAO, the Administrator(s) will be elected by the DAO Members according to a procedure agreed in the By-Laws of the DAO. The DAO's public documentation will explicitly state who the authorized Administrators(s) are.