Most web3 founders appoint a director without truly understanding what that person is signing up for. Get it wrong, and it's not just a governance problem, it's a personal liability problem.
Petri Basson, Founder of Hash Directors, has sat on foundations, non-token web3 projects, and crypto funds across the Cayman Islands. In this episode, he breaks down exactly what a director is responsible for and what happens when things go wrong.
Petri is also an Advisor to Lemma, exTreasury, & Provenance, and serves as Chairman of BACI, the Blockchain Association of the Cayman Islands, known for also organizing Cayman Crypto Week.
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Topics covered:
(0:00) Coming Up
(2:35) How Petri got into web3
(4:42) Web2 v/s web3 directorship
(8:21) Hash Directors overview
(10:40) Directorship: Cayman Foundation
(16:54) Directorship: Non-token projects
(18:25) Get 2 months for free with Request Finance
(20:05) Directorship: VASP
(25:35) Role of VASP Supervisor
(29:05) Governance stack
(31:55) Directorship: Crypto Funds
(35:11) Non-executive directorship
(36:45) Substance requirements in Cayman
(40:49) Cayman Crypto Week & what is BACI
(46:34) Reach out to Petri
