Adan: towards new governance?

Thursday, June 22, 2023

Faustine Fleuret, the current president of the Association for the Development of Digital Assets (Adan), is standing for re-election without too much trouble. Adan, which was set up in 2020, should however evolve its organisation to become more collegial.

Will there be a match for the presidency of Adan (Association for the Development of Digital Assets)? With just a few days to go before the renewal of the board of directors, which will then have to elect the chairman, there are not many candidates. The current chairman, Faustine Fleuret, is standing for re-election, and according to our information, only entrepreneur Frédéric Montagnon* is also a candidate.

The chairman of Arianee, who is responsible for the NFTs committee within Adan, made his candidacy official yesterday.

The new members of the board (10 people) will have to decide between the two candidates in an election due to be held in early July. However, according to our information, Frédéric Montagnon is not expected to go all the way and will leave the current chairman, Faustine Fleuret, alone in the running. "There was no campaign, so he doesn't stand a chance," slips in one Adan member.

Beyond the question of the presidency, the idea would be to evolve Adan's governance with the rise in power of committee heads who would occupy more strategic roles. One of the preferred options is for them to become vice-presidents. "The question is how many vice-presidents there will be," slips in one Adan member.

There are currently four committees: one on NFTs chaired by Frédéric Montagnon, one on decentralised finance chaired by Marc Zeller (Aave Chan Initiative), another on PSANs chaired by Nicolas Louvet (Coinhouse) and the last on the legal side which is chaired by lawyer William O'Rorke.

* Frédéric Montagnon is an individual minority investor in The Big Whale.

This analysis is not investment advice. It has been prepared without taking into account your personal situation, particularly your financial situation, risk profile, and investment objectives.

Before investing in any product, investors should fully understand the risks involved and consult their own legal, tax, financial, and accounting advisors.

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