# AADAO Oversight - Elected Member Updates & Reports

**URL:** <https://forum.cosmos.network/t/aadao-oversight-elected-member-updates-reports/14015>\
**Category:** AADAO\
**Created:** [June 28, 2024, 1:36am UTC](https://forum.cosmos.network/t/aadao-oversight-elected-member-updates-reports/14015 "2024-06-28T01:36:58Z")\
**Posts on this page:** 1\
**Showing post:** 36

<div class="post-metadata">

**Author:** ![Cosmos\_Nanny](https://yyz1.discourse-cdn.com/flex031/user_avatar/forum.cosmos.network/cosmos_nanny/32/8121_2.png) [@Cosmos\_Nanny](https://forum.cosmos.network/u/Cosmos_Nanny)\
**Post date:** [January 31, 2025, 9:45pm UTC](https://forum.cosmos.network/t/aadao-oversight-elected-member-updates-reports/14015/36 "2025-01-31T21:45:07Z")

</div>

## Oversight Update

**January 31, 2025**

### **Subject: Financial Controller Update, Responsible Wind-Down, and Impact Report**

Hi everyone,

Mark Dencker and I interviewed multiple candidates to support **oversight functions** as **Pati transitions out** and **AADAO winds down**.

Following our evaluations, we recommended **two candidates** to **StratComm** for consideration. After review, **StratComm voted to move forward with one candidate:**

- **Matt Brown** (a former oversight candidate) has been selected as the new **temporary AADAO Financial Controller**.
- He has **formally accepted the offer** this week.

Regarding the **second candidate** :

- He performed exceptionally well in both the **interview** and **written assessment**.
- He is a **lawyer** with **significant DAO experience** , specializing in **Guernsey jurisdiction**.
- I am still exploring **ways AADAO can leverage his expertise** , particularly regarding **legal structuring and contributor liability minimization**.

### **Key Concern: DAO Legal & Liability Risks**

As AADAO winds down, ensuring **compliance and operational integrity** remains a priority. Unfortunately, the StratComm members do not appear to share this view.

- A critical issue is that **no formal agreements exist between the DAO and any individuals/entities that received grant funds**.
- Addressing this gap is essential to **protect contributors and ensure regulatory compliance**.
- Lack of written agreements is antithetical to the DAO’s founding and purpose, particularly regarding grant disbursements and governance commitments.

### **Annual Impact Report & Final Review**

For its first year, **AADAO published an annual review** of its activities, known as the **“Impact Report.”**

I have requested that this report be produced again, particularly since this is AADAO’s **final year**.

Given the circumstances, **Oversight may need to take on this responsibility**.

If that is the case, rather than producing a **final transparency report** , we will instead work on a **comprehensive retrospective review covering the past two years** , which will be published as Oversight’s final report.

---

_[View the full topic](https://forum.cosmos.network/t/aadao-oversight-elected-member-updates-reports/14015)._