Why some firms decide they don’t want a true managing partner.
By Marc Rosenberg, CPA
Author of “CPA Firm Management and Governance”
Over the years, I have found that many firms lack a clear understanding of what a Managing Partner is. Often, it’s a negative conception, caused by a bad experience at their current firm or a previous one. So, to avoid a repeat of these bad experiences, the partners decide either not to have a MP or to provide for the MP position with greatly limited authority and responsibility.
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The points below clarify what a Managing Partner IS and IS NOT.
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