No governance system of principles, rules, and checks and balances can substitute for a great partnership.
Source: Ray Dalio's Book Principles
Remember that in an idea meritocracy a single CEO is not as good as a great group of leaders.
Source: Ray Dalio's Book Principles
To be successful, all organizations must have checks and balances.
1. Even in an idea meritocracy, merit cannot be the only determining factor in assigning responsibility and authority. 2. Make sure that no one is more powerful than the system or so important that they are irreplaceable. 3. Beware of fiefdoms. 4.