Click lower right to download or find on Apple Podcasts, Spotify, Stitcher, etc.

I'm interested in the topic of ideal governance: what kind of governance system should you set up, if you're starting from scratch and can do it however you want?

Here "you" could be a company, a nonprofit, an informal association, or a country. And "governance system" means a Constitution, charter, and/or bylaws answering questions like: "Who has the authority to make decisions (Congress, board of directors, etc.), and how are they selected, and what rules do they have to follow, and what's the process for changing those rules?"

I think this is a very different topic from something like "How does the US's Presidential system compare to the Parliamentary systems common in Europe?" The idea is not to look at today's most common systems and compare them, but rather to generate options for setting up systems radically different from what's common today.

I don't currently know of much literature on this topic (aside from the literature on social choice theory and especially voting methods, which covers only part of the topic). This post describes the general topic and why I care, partly in the hopes that people can point me to any literature I've missed. Whether or not I end up finding any, I'm likely to write more on this topic in the future.

Outline of the rest of the piece:

I'll outline some common governance structures for countries and major organizations today, and highlight how much room there is to try different things that don't seem to be in wide use today. More
I'll discuss why I care about this question. I have a few very different reasons:
- A short-term, tangible need: over the last several years, I've spoken with several (more than 3) organizations that feel no traditional corporate governance structure is satisfactory, because the stakes of their business are too great and society-wide for shareholder control to make sense, yet they are too early-stage and niche (and in need of nimbleness) to be structured like a traditional government. An example would be an artificial intelligence company that could end up with a normal commercial product, or could end up bringing about the most important century of all time for humanity. I wish I could point them to someone who was like: "I've read all of, and written much of, the literature on what your options are.

...

Owen Pugh

Owen Pugh

Owen Pugh

Owen Pugh