Why thank you but I'd just say that it's a good compromise (yes once in a blue moon we Lurians are actually capable of that) between the representatives of LV (Madigan) Solaria (surprise: Solari) and LN (myself). This is how it works:
1. You have the Emperor. The Emperor is a ceremonial position that goes to the most physically strong Lurian, i.e. the one who defeats the old Emperor in a duel till surrender (this can escalate into a duel to the death in some cases). There are some requirements for being allowed to challenge the Emperor though, like support of a Lurian Ruler or Duke. In spite of his ceremonial position, the Emperor does hold one vote in the Lurian Council.
He may reside in the Imperial Palace reserved for him in Askileon.
2. The Imperial Chancellor. Where the Emperor is the summit of physical prowess the Chancellor is the peak for those who thrive on politics. He is the head of the Lurian Council and is elected by the Lurian Rulers. If they can't reach a compromise after a while, it goes to the Dukes and Lords of the Lurian realms. He has a vote in the Council that counts double in case of a tie.
3. The Lurian Council. Each Ruler of a Lurian realm has a seat in the Lurian Council, joined with one other dignitary from his realm. Aside from those there's the Chancellor and the Emperor as full members and then there's each government member from those realms who are spectators.
Most power of course resides with this Council so it is a pretty decentralized Empire or confederacy if you like but I doubt it'd survive a day if it was a centralized state. Though whoever knows how it will evolve... 
It is built with the intent of stable cooperation but I can see some opportunities for armed conflict in it myself... which is how it should be.
It is currently being ratified and I sure hope that it'll be implemented soon. As far as I know it's a first in BM so it's pretty exciting to see how it'll turn out.
Honestly, the structure of the confederacy doesn't sound that different from the structure of the Véinsørmoot. Minus the whole dueling to surrender thing.
