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. Make clear that the organization’s structure and rules are designed to ensure that its checks-and-balances system functions well.
5. Make sure reporting lines are clear.
6. Make sure decision rights are clear.
7. Make sure that the people doing the assessing 1) have the time to be fully informed about how the person they are checking on is doing, 2) have the ability to make the assessments, and 3) are not in a conflict of interest that stands in the way of carrying out oversight effectively.
8. Recognize that decision makers must have access to the information necessary to make decisions and must be trustworthy enough to handle that information safely.
Source:
Ray Dalio’s Book Principles
