"we don’t actually want them to operate like startups (for instance we expect them to prioritize longevity over risk-taking: we expect them to preserve capital,

"we don’t actually want them to operate like startups (for instance we expect them to prioritize longevity over risk-taking: we expect them to preserve capital, etc)". I'm not sure you need bureaucracy to do this? It is just the easiest and laziest way to do it. Adding processes that are by design wasteful as an attempt to slow down change is perhaps the most inefficient way of getting to that goal. It would be much more efficient to just have far far far less people with far more responsibility and work to do. That combination would be equally slow at less cost.