Governance & Disputes
Fair, transparent decision-making — automated and trustless.
Welcome to the heart of how companies on w3.company stay fair, organized, and adaptable.
Here, no one person controls everything. Instead, governance is built into your company — just like in the real world — but smarter and faster.
Whether you're replacing a CEO, settling a dispute, or voting on funding, our trustless governance system has your back.
👥 Who Makes Decisions?
Decision-makers vary depending on your company type:
Sole Proprietorship
The founder is in full control.
LLC
The CEO decides, with optional support from a board.
Corporation
The board votes on key decisions.
PLC
Board + Shareholders vote, depending on the topic.
Governance actions happen via two kinds of contracts:
- Pre-Proposals: Strategic suggestions awaiting approval (e.g. change CEO, buy shares)
- Proposals: Executable deals between two parties (e.g. hire someone, sell product)
📋 Pre-Proposals: Internal Governance
Used for:
- Changing CEO or board members
- Adjusting budgets or issuing shares
- Triggering public funding rounds
- Canceling projects or proposals
- Emergency meetings
How it works:
- 1Any board member (or in a PLC, large shareholder) initiates a Pre-Proposal.
- 2The board votes within a set time.
- 3If passed, the action is executed automatically.
🤝 Proposals: External Agreements
Used for:
- Hiring someone
- Launching a project
- Entering a deal with a customer or provider
What happens next?
Once accepted, a Proposal becomes a Project. But what happens when things go wrong?
Tha' where Governors step in.
⚖️ Governors: Your Neutral Judges
What is a Governor?
A Governor is a neutral third-party participant who helps resolve disputes. Think of them like on-chain jurors — but faster, cheaper, and harder to bribe.
When a milestone is disputed:
- 1. A random set of governors is selected (usually 3)
- 2. They review evidence and vote
Governors are:
- Anonymous
- Chosen based on tags (e.g. design, legal, dev)
- Paid a small fee (from escrowed project funds)
- Penalized if they don't vote or vote unfairly
🗳️ The 3-Round Voting System
We believe one round isn't always enough — especially when stakes are high.
So we built in fairness.
Round One
All governors vote. If the decision is clear, it's final.
Round Two
If one party challenges, a second vote is called.
Round Three
Final round. Best 2 out of 3 rounds wins. The vote is binding.
💰 Rewards & Penalties
For Governors:
Voting in Majority
You earn your full fee
Voting in Minority
You lose ⅔ of your fee
Not Voting at All
You lose your full fee
Why? To incentivize honest and timely decisions.
For Participants:
Milestone not delivered
Provider loses payment, pays penalty
Milestone approved
Provider gets paid
Project canceled early
Initiator may owe a fee, depending on contract terms
🚨 Emergency Board Votes & CEO Replacement
Emergencies happen. Tha' why companies can:
- Call an Emergency Meeting (via Pre-Proposal)
- Freeze a project or replace the CEO
- Require a fast vote from all board members or shareholders
- • Fraud
- • Theft
- • Abandonment
✨ Why I' Better
No need to hire lawyers or mediators
No favoritism — decisions are verifiable and binding
All governance actions are on-chain, tamper-proof, and public
The result?
Real business accountability. Without middlemen.
🙋♂️ Get Involved
Want to become a Governor?
Sign up and register your expertise tags
Start earning rewards for fair decisions
Make a difference in how Web3 businesses run