The Intersection of Leadership, Stewardship and Governance: An FOA Podcast with Don Trone

The Intersection of Leadership, Stewardship and Governance: An FOA Podcast with Don Trone

The Intersection of Leadership, Stewardship and Governance with Angelo J. Robles

In Part 4 of the FOA Podcast Audio Series, Angelo J. Robles is joined by Don Trone as they discuss leadership, stewardship and governance. You can either read the transcription or listen to the podcast and learn more.

Transcript Preview:

Angelo Robles: Hello everyone. It’s Angelo Robles of Family Office Association. Joining me today in our FOA audio podcast is Don Trone. Don is a highly regarded writer and speaker who was just named this year as one of the 35 most influential in the financial services industry.

He was honored alongside Warren Buffet, Charles Schwab, John Bogle and Ben Bernanke. Don is the founder and CEO of 3ethos which conducts original research on the intersection between leadership, stewardship and governance.

In the past he has served as Director of the Institute of Leadership at U.S. Coast Guard Academy and was the founder and past President of the Foundation for Fiduciary Studies. He is a graduate of the U.S. Coast Guard Academy and served for ten years on active duty including six years as a Coast Guard search and rescue helicopter pilot. Don, how are you?

Don: Terrific, Angelo. How are you doing?

Angelo: I’m doing fantastic. Everyone it’s a pleasure to have Don on the call. I’ve known Don for a couple of years. He is absolutely among the leading authority about the subjects that we’re going to talk about today. Specifically, like I noted before, the intersection between leadership, stewardship and governance.

We’re all in for a real treat. This is something I’m sure our audience is going to find very engaging. Let’s start off with the first question and effectively it’s in your company name. What is an ethos and how might that term apply to families and family-owned enterprises?

Don: That’s a great question. Ethos is actually an ancient Greek word. It’s derived also from the word ethics and both ethic and ethos have as a root the meaning, character. In the sixth century B.C., Plato and Aristotle wrote about the fact, you can tell a lot about a person’s character or a group’s character, a society, a community’s character by their ethos.

The ancients define ethos as that continuum between behavior, core values and decision making, three elements; behavior, core values and decision making. Hence, the name of our firm, 3ethos. And the ancients talked about the fact that everybody has an ethos. Every family has an ethos. But the difference between good and great individuals, good and great families, good and great businesses and organizations is that the great have a well-defined ethos. There’s a consistency, there’s a balance. You can see a continuum between the behavior, core values and decision making.

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