Ten Simple Rules for Editors of Scholarly Publications - (maybe I should write this for @PLOSCompBiol, but I feel a bit lazy):
1. Know your own mind, but be open-minded
2. Know your biases
3. Embrace the decision making
4. Take full responsibility
5. Be respectful
(1/3)

6. Be clear
7. Be engaged and vocal in the community your journal supports
8. Be fiscally responsible for others' sake
9. Appreciate the impact of your decisions on science
10. Understand the impact of your decisions on people (scientists and the public)
(2/3)

For journals/publishers asking themselves how to remain relevant in the current atmosphere of preprints and prereview: hire the editors who will be bold leaders for the journals and the community; and who will take full responsibility for what they publish and how. (3/3)