Hi Mario,
Thanks for those insights. I agree that having representation in both the US and the EU could have real benefits. I can see the strategic value in being present in both places.
My hesitation is mostly pragmatic. My expectation is that having one domicile is a lot simpler than maintaining a structure in two jurisdictions. We have been talking about structural changes like this for several years now, but nothing has really happened yet. To me, that suggests that the available bandwidth to actually execute something like this is limited.
Because of that, I worry that aiming for representation in both places might increase the complexity for the XSF. I suspect that this is not only an issue at the start, but also a long-time burden. Even if the setup works, we would still need to deal with: governance, compliance, administration, etc, etc in two legal systems. I am not sure we have the capacity to maintain that - and if we do, I wonder if that is the best utilization of the limited resources that we have available to us.
So while I agree that dual representation has advantages, I wonder if those benefits outweigh the extra complexity and the risk that we end up not implementing either option well. From that perspective, focusing on a single move might simply be the more realistic way to actually get something done.
Of course I am happy to be convinced otherwise, especially if there is a clear and practical path to making a dual structure work.
Kind regards,
Guus