As you might imagine, no, it's not. Linus, by choice, doesn't write most of the code in the kernel, and what code he does write is, again by choice, not primarily driven by what would most amuse him. The Linux Foundation organizes the major Linux development conferences (LinuxCon, Plumbers, Collaboration Summit, etc.), where development plans are discussed in person. Plenty of subsystems have formal workgroups hosted/organized by the Linux Foundation. That's what governance is. This isn't about being the parliament to the figurehead monarch Linus.