The Big Principal Agent Problems in Corporate Governance

In corporate governance, the first big principal agent problem is there between so usually unlike in crypto, which is much more the people who own the token say, always with the operator. And then you have a second principal agent problem that is between the smaller shareholders and the bigger shareholders. In this case, we can sort of really make sure that certain decisions can be made. So that's also a vacation, which is to have a mutable smart contracts. Then we have other ways for any decisions that can be also five, where we really try to align the incentives between the different actors in the system.