The ultimate governance responsibility for Hedera is vested in the Council members. The Council members delegate certain authority and decisions to Hedera’s Board of Managers. The Board, in turn, may delegate certain authority and decisions to Hedera officers. The table below provides an overview of the Hedera’s governance structure.
|Council Members||Board of Managers||Hedera Officers|
|o Responsible for governance of Hedera network and Hedera’s Treasury of hbar||o Responsible for corporate governance and oversight||o Responsible for day-to-day operations in accordance with Council and Board direction|
|o Elect 4 of 7 members of Hedera’s Board||o Appoints Hedera officers (e.g., CEO, treasurer, secretary) o Appoints the Hedera Chair and the Executive Director who is ex officio the Vice Chair||o Hire Hedera employees|
|o Can delegate authority and certain decisions to the Board||o Can delegate authority and certain decisions to Hedera officers||o Responsible for briefing Board and Council|
|o Responsible for approving technology roadmap, network pricing, software upgrades, and Treasury management||o Approves budgets, legal and regulatory strategies, and corporate policies|
The governing agreement for Hedera is publicly available at https://www.hedera.com/hedera-llc-agreement.pdf. Hedera also publishes minutes of the meetings of the Council Members at https://www.hedera.com/council/minutes.