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
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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.
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