The decentralization of governance is a way to bring transparency and fairness to the decision process. Now keep in mind that every organizations have their own governance structure (The three tiers) and that those governance body need to come to an agreement on the decision.  This is no trivial task considering that the strategic governance of each organization may have different imperative.  This means that decisions need to be reached through a form of consensus—a voting process— which is fair, transparent and brings together the governance body of every organization of the network.

It also retains the same levels of governance (strategic, operational, and tactical) as a centralized network, but everything will be done in an open model where all topics are discussed in community calls/events. In such a model, the documentation of the decisions is even more important to ensure the proper level of transparency. Without a public audit trail, how can one know that the decision process is equitable?

It should be noted that while the model is decentralized and may be more lightweight/agile, it is no less important to properly document the model and see the participant's buy-in. Note that decentralized does not mean easier. In fact, while decentralized network governance might be more closely aligned to the nature of blockchain technologies, it introduces some interesting challenges.

For instance, since there is no central body that controls the strategic decision, how can a network move towards a common goal? How can you avoid a hard takeover or network fragmentation?

Such a model will work well while the business objectives are aligned. However, when a corporation's agenda is delayed because the majority of the community is voting for different priorities, this is bound to generate tension, disputes, and delays. As we have seen with the bitcoin block size debate, getting a consensus takes time and creates the opportunity for fragmentation. This is not to say that the solution lies in a centralized model—in fact, similar risks exist in that model too—but the decentralized nature of the decentralized model may mean that participants' business objectives are more loosely coupled.