Maybe one-partner, one-vote isn’t working.
By Marc Rosenberg
The Rosenberg Practice Management Library
Most firms vote on a one-person, one-vote basis despite varying ownership percentages.
But is that always the best way? Here are three better ways.
MORE: What Partners Do and Don’t Deserve | Tell Potentials What Partnership Takes | Fifteen Big Questions for Your Next Strategy Session | Five Steps to Transition to Partnership | Disturb the Present to Improve the Future
Exclusively for PRO Members. Log in here or upgrade to PRO today.
Voting done on an ownership percentage basis:
- Essentially “disenfranchises” the minority owners. Their vote doesn’t mean much, and it becomes tantamount to not having a vote at all. When they have no vote, they tend to get disenchanted and cease acting like partners. They may eventually leave.
- Gives too much power to the majority owners.
TO READ THE FULL ARTICLE
