How Committees Kill Firms

Businesswoman working at deskWhy managing partners need to be accountable.

By Bill Reeb and Dominic Cingoranelli

As we have said so many times before, everyone likes the idea that “I” will hold “me” accountable. But few like the idea of “anyone else” holding “them” accountable.

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So, once it is decided that accountability is important and someone needs to be responsible for implementation, the discussion quickly shifts to “let’s form a group of people, like an executive committee or a compensation committee to hold us accountable.”