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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