Chapter 24 - THE TRUST SHRINKS
Malcolm’s forty-two-percent protected structure belonged to a more family-dominated era.
Years after the scandal, Sutton Care Group had:
Independent directors.
Professional governance.
Employee representation.
Institutional investors.
Conflict committees.
Did forty-two percent protected family governance remain necessary?
No.
The trust required modernization review.
Final structure:
Ten percent moved to employee and clinical stewardship.
Six percent to institutional long-term fiduciaries.
Four percent to patient-care and workforce governance.
Twenty-two percent remained in descendant protection.
Eleven percent institutional-descendant component.
Eleven percent family-descendant component with independent co-fiduciaries.
No individual controlled it.
Margot did not own eleven percent of the company.
No secret princess.
Protected rights remained narrow:
Undisclosed insider transactions.
Misuse of descendant reserves.
Extraordinary related-party debt.
Elimination of clinical governance safeguards.
Sale of specified legacy healthcare assets without independent valuation.
The old twenty-one-percent descendant block became eleven.
Power shrank.
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Protection remained.
Exactly how good governance should age.
