• About Us
  • Careers
  • Contact
No Result
View All Result
Tuesday, October 28, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home News

Binance Embraces a New Corporate Governance Model Amid Legal Challenges, Announces First-Ever Board of Directors

2 April 2024
in News
Reading Time: 3 mins read
104 8
Binance Embraces a New Corporate Governance Model Amid Legal Challenges, Announces First-Ever Board of Directors

Source: Binance Academy

Binance has reportedly established its first-ever Board of Directors in a move signalling a new approach to redefining its operational structure and governance.   

According to a recent Bloomberg report, the newly appointed board comprises seven members who are top professionals in various sectors, including finance, technology, and regulation. Notable names include former SEC official Mary Johnson, tech entrepreneur David Chen, and finance expert Sarah Lee. 

Gabriel Abed, a former ambassador of Barbados to the United States, was named board chairman. The board also includes Chief Executive Officer Richard Teng, along with three other company executives; Heina Chen, Jinkai He, and Lilai Wang. 

This move comes amidst intense and increasing regulatory scrutiny and legal challenges faced by Binance in various jurisdictions. By establishing a formal board structure, the exchange aims to enhance accountability and regulatory compliance, thereby bolstering trust among its user base and regulatory authorities.

This decision marks a pivotal moment in the exchange’s history, as Binance had previously said it had no headquarters in an ode to crypto’s decentralization ethos. However, in response to mounting regulatory challenges in various countries, forming a Board of Directors signifies the crypto exchange’s transition towards adopting a more conventional corporate framework.

Binance’s corporate governance structure has been evolving for some time, and this move is the latest development. In September 2022, Binance established a Global Advisory Board chaired by former U.S. Senator Max Baucus. At the time, the exchange claimed that the board would advise on how to deal with regulatory, political, and social issues that will arise as the crypto industry grows. 

Also, recall that, back in November 2023, Binance appointed Teng as its CEO to replace founder and former CEO Changpeng Zhao after its regulatory scuffle with U.S. authorities.

With regulatory scrutiny intensifying globally, Binance’s proactive approach could set a precedent for other players in the industry seeking to navigate regulatory challenges while driving innovation forward. 

Following this move, stakeholders eagerly anticipate the exchange’s trajectory and impact on the broader cryptocurrency ecosystem, especially whether it will be a positive step towards Binance’s long-term sustainability and competitiveness.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Share65Tweet41Share11
Olu Omoyele

Olu Omoyele

Olu is a banking regulatory specialist who is excited by the promise of Web3 technologies for decentralized governance, operational efficiency, and trustless human interaction.

Related Posts

source: in.marketscreener.com
Crypto

Citi and Coinbase Partner to Power Institutional Digital Asset Payments

28 October 2025
source: kucoin.com
Crypto

KuCoin Pay and DFX.swiss Partner to Launch Crypto Payments at SPAR Stores in Switzerland

28 October 2025
source: prnewswire.com
Crypto

S&P Global Assigns “Junk” Rating to Michael Saylor’s Strategy, Citing Bitcoin Exposure and Liquidity Risks

28 October 2025
source: news.bitcoin.com
Crypto

Trump’s Pardon of Binance Founder Sparks Push to Ban Elected Officials from Owning Crypto

28 October 2025

Editors Picks

Mining vs. Staking: Which Crypto Validation Method Will Shape the Future?

Mining vs. Staking: Which Crypto Validation Method Will Shape the Future?

byOlajumoke Oyaleke
15 July 2025
0

Where Are the Ethereum-Killers Now?

Where Are the Ethereum-Killers Now?

byOlayinka Sodiqand1 others
6 January 2025
0

source: investorplace.com

How to Find the Newest Cryptocurrencies Before They’re Listed

byOlayinka Sodiq
30 December 2024
0

Exploring the Role of AI in Enhancing DeFi Security

Exploring the Role of AI in Enhancing DeFi Security

byOlayinka Sodiq
1 October 2024
0

The Ultimate Guide to How NFT Royalties Work

The Ultimate Guide to How NFT Royalties Work

byAdedamola Ojedokun
17 April 2024
0

Read More

Chain of Thoughts

The Aesthetics of Web3: Why Vibe Matters in Decentralized Communities

The Aesthetics of Web3: Why Vibe Matters in Decentralized Communities

byOlu Omoyele
27 September 2025
0

...

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

byOlu Omoyele
30 August 2025
0

...

What Happens When AI Gets a Wallet?

What Happens When AI Gets a Wallet?

byOlu Omoyele
31 July 2025
0

...

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Markets Update

Can Confidential Lending Unlock Trillions for DeFi Markets?

7 hours ago

Impact of Large Ethereum Validator Exits on ETH Price

8 hours ago

Leading Asset Classes in the On-Chain Real-World Asset Tokenization Trend

8 hours ago

KuCoin Pay Partners with Swapped Connect to Streamline Direct CEX Payments for Web3 Users

11 hours ago

Are Ethereum-Based Treasuries Emerging as the Berkshire Hathaway of Crypto?

3 days ago

Is the Crypto Market Now Majorly Driven by Institutions?

3 days ago
Read More

Events

  • No events
  • Spotlight

    All about Ethereum
    All about Algorand
    All about Bitcoin
    All about Gora

    Press Releases

    Swiss Bitcoin App Relai Acquires MiCA License in France

    bychainwire
    27 October 2025
    0

    River Public Sale – 48-Hour Dutch Auction Lowest Price Settlement, Claim and Refund Instantly After End

    bychainwire
    27 October 2025
    0

    Jiuzi Holdings, Inc. Partners with SOLV Foundation on $2.8B TVL Bitcoin Initiative to Advance Crypto Treasury Strategy

    bychainwire
    27 October 2025
    0

    MultiBank Group and Khabib Nurmagomedov Launch an Exclusive Worldwide Multi-Billion-Dollar Joint Venture to Build the World’s First Regulated Tokenized Sports Ecosystem.

    bychainwire
    25 October 2025
    0

    RIVER Gains 5x Following Binance Perp Listing, Supported by Time-Encoded Airdrop Conversion

    bychainwire
    24 October 2025
    0

    Read More

    ADVERTISING

    ABOUT

    TEAM

    CAREERS

    CONTACT

    TERMS & CONDITIONS

    PRIVACY POLICY

    © Copyright 2025 DeFi Planet

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • News
      • People
      • Business
      • Crime
      • Regulation
      • Crypto
      • CBDC
    • Markets
      • Bitcoin
      • Ethereum
      • Stablecoins
      • Altcoins
      • Crypto ETFs
      • Memecoins
    • Policy
    • Articles
      • Press Releases
      • Opinion
      • Explainers
      • Guest Post
      • Sponsored
    • Directory
      • Companies
      • People
      • Products
      • Wallets
    • Multimedia
      • Videos
      • Podcasts
    • Learn
      • DeFi Basics
      • Tutorials
      • Reviews
      • Blockchain Fundamentals
    • Research
      • Case Studies
    • Explore
      • DeFi
      • Crypto Gaming
      • NFT
      • DAO
      • Metaverse
      • Glossary
    • Jobs
    • Markets Pro
      • DeFi Planet Pro
      • Spend Crypto
      • Swap Crypto
      • Coin Prices
      • Crypto Exchanges
      • Crypto Analyzer

    © Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

    -
    00:00
    00:00

    Queue

    Update Required Flash plugin
    -
    00:00
    00:00