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The Governance Gap
Unlocking Hidden Value in Family Office Direct Investments
The Governance Gap sets out the argument behind the ownership model.
What the Book Is
Its subject is ownership as a professional discipline.
The book examines what changes when ownership becomes complex and decisions must be understood across companies, investments, family, boards and time. Its central argument is that ownership needs a common perspective and a consistent economic language of its own.
Without an ownership perspective
Different Standards
Conflicting Properties
No portfolio view
Good Assets. Sub-optional Outcomes.
With an ownership perspective
Aligned Mandates
Disciplined
Execution
Turned
Data
Portfolio View
Ownership
Clarity
Aligned Portfolio. Compound Advantage
One Argument, Not a Reference Manual
Nine chapters, cumulative.
The book's nine chapters are cumulative. Each removes a source of ambiguity before the next can function — from the gap between a liquid portfolio and a direct one, through mandate, risk, data and active ownership, to what governance is actually worth in price. It is written to be read in sequence, not consulted selectively.
If the book leaves you slightly unsettled, it has served its purpose.