Conglomerate Governance & Succession Stress Lab

Holding Architecture Preset

Structural Control Parameters

Promoter Trust Holding 66%

Independent Board Seats 33%

HoldCo Debt-to-Equity 2.4x

Cross-Holding Interlocks 5 links

Related-Party Transparency 52/100

Active Governance Shocks

Stress Scenario

Reform Countermeasures

Trustee Voting Wedge Cap

Caps trust voting override at operating entity level to 49%

Minority Capital Veto Gate

Requires majority-of-minority approval for RPT fund transfers

Cross-Holding Sunset Covenant

Mandates unwinding inter-operating equity links within 24m

Governance Stress Scoreboard

Governance Fragility Index (GFI)

74.2/100

High Fragility Regime

Minority Discount

28.5%

Listed Co NAV Drag

Cost of Capital Spread

+215bps

Equity Risk Premium

Succession Deadlock Risk

High

Trust control vs. management friction

Entity Stress Distribution

Entity	Type	Vulnerability	Capital Drag