Loading...
Loading...
The accumulation of actors, committees, or considerations that can delay progress without holding formal veto power. As veto density increases, the threshold for action rises. Investment committees, impact committees, next-generation councils, and family forums may coexist, each able to raise unresolved concerns that function as implicit vetoes.
A family office has an investment committee, impact committee, family council, and advisory board. None holds formal veto power, but any can delay progress by raising concerns. In the absence of a clear decision owner, escalation becomes recursive rather than decisive.
CSFDAFO Section 6