The key points of the text are that open source projects need a governance system to ensure they have a clear direction, conflict resolution process, and a psychologically safe culture. The author shares their experience with Electron project in transitioning to a formal governance system, which led to establishing core values and a structure for decision-making and community engagement. With this new system, the community feels more included, and maintainers report feeling empowered to make choices that benefit the project's health. Governance is not a one-time solution but an ongoing process that requires continuous evaluation and improvement to adapt to changing requirements and goals.