Updated February 11, 2025
On November 15, 2025, the Council members approved governance reforms aimed at optimizing Hedera’s governance operations. These reforms were initially discussed at the Council meeting in May 2024 (as reflected publicly here), after which the Council formed a task force (the “Phase 4 Task Force”). The Phase 4 Task Force met frequently and updated the Council members in September 2024 and October 2024 with recommended governance reforms.
The approved reforms have the effect of, among other things, reducing the Board size to five members (of which two will be unaffiliated with Council members) and committees to three voting members (as reflected here). Additional information regarding the governance reforms will be reflected in the November Council meeting minutes, which are expected to be approved and published in March 2025.