Blockchain is a technology that can provide smart solutions to the classical corporate governance inefficiencies, particularly in the relationship between the shareholders and the company. The advancements of the blockchain technology indeed gave birth to a wide variety of use cases, among which, a novel form of organizations called Decentralized Autonomous Organizations (DAOs), is driving a paradigm shift in the organizational design, by introducting governance mechanisms that are independent by a central authority and by enabling permissionless participation. On the other side, actual governance theories do not encompass the alienation of trust between parties and the union of ownership and control that DAOs are enabling.