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The stable governance state in which inaction becomes the safest collective outcome. Acting would require an identifiable authority to accept responsibility for residual risk, moral ambiguity, and stakeholder dissatisfaction. Inaction can be justified as prudence, respect, or diligence. Over time, the institution learns that delay carries less personal cost than commitment.
A family office has sufficient capital, clear intent, expert advice, and ample time for a strategic initiative. Yet no decision is made because no one bears the personal cost of non-decision, while anyone who decides bears the personal cost of any negative outcome.
CSFDAFO Section 5