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A form of constraint substitution in which the imperative to preserve capital displaces decision authority. Preservation, rather than judgment, becomes the governing principle. No actor is authorised to decide whether capital should be committed—only to ensure that it is not endangered.
A family office treats capital as intergenerational trust rather than deployable resource. Decisions are deferred not because expected returns are inadequate, but because the act of commitment itself is treated as presumptively irresponsible.
CSFDAFO Section 4.1