Centralization helps new initiatives grow faster, for sure. But in the case where majority vote is vital to decide whether those proposed initiatives are worth perceiving, initiatives that has no majority vote are not worth perceiving. Decentralized governance makes all the people ( stakeholders, users) the owners of the company, but only decentralized, thus having the validation, by involvement of a large mass, but not their stupidity as one or one small group.

Stopping good initiatives because they came from other group is not anyone's interest.
Nonetheless, centralized governance is sane until we have the technological improvements to engineer stupidity-proof, more efficient governance models.