# Governance and the Contributor Committee

While day to day operations of The LifeDAO are managed by the Takadao protocol, high level strategic decisions are made by TLD members through governance processes. These governance processes are facilitated by the Contributor Committee whose 9 Contributors are elected by the TLD membership through voting. 

In turn, Contributors screen proposals that are submitted to TLD according to governance bylaws. Once accepted by Contributors, proposals are then put forth to the TLD membership and voted on. In case voting does not produce a quorum, Contributors may decide on behalf of the TLD membership. 

Contributors also act as community facilitators to explain and answer questions on proposals that they have screened and endorsed. 

Once a proposal is voted on and accepted by the TLD membership, it may necessitate a smart contract update which will be executed by Takadao and approved by a multisig wallet controlled by the Contributors. Approvals are therefore recorded on-chain and publicly verifiable.\ <br>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXccG4yNFGWcRUo8QsP5PIGiDakHlAxIDpCY6IxMpyHxIbFmE-pcIyoZTRsgdQufdPaPO2F6Yxl-tq9IHAIIykPF2z3U4ir7iF9IU9AKpHJouDZRzGxeb-9eZnB_7mtweFWFyLr7VkosACFWtthdUy6b3Gjh?key=65D6VpZPDKE4GWqSyIbndQ" alt=""><figcaption></figcaption></figure>

| <p>Contributor Specialization<br></p> | Treasury                                                                                                                                                                                            | Operations                                                                                                                                                                                                                                | Risk                                                                                                                                                                                                                                                           |
| ------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| Role                                  | Screening proposals related to TLD's financial resources                                                                                                                                            | Screening proposals related to the daily operations of TLD                                                                                                                                                                                | Screening proposals related to TLD's risk and compliance                                                                                                                                                                                                       |
| Proposal Areas (non-exhaustive)       | <ul><li>Financial strategy development</li><li>Financial risk management</li><li>Liquidity management</li><li>Investment oversight</li><li>Financial reporting and forecasting</li></ul><p><br></p> | <ul><li>Choice of third party service providers and partners</li><li>Implementation of governance processes and proposal facilitation</li><li>Security and Bug bounty programs</li><li>Changes to affiliate programs</li></ul><p><br></p> | <ul><li>Changes to risk assessment algorithms and membership parameters</li><li>Legal compliance and risk profiles</li><li>Changing policies and procedures</li><li>Leveraging advanced analytics for decision-making and risk management</li></ul><p><br></p> |

Contributors are voted in by the DAO membership and undergo a background check that clears them from any prior criminal convictions and any convictions in financial matters.


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