{"id":51828,"date":"2017-04-27t05:00:51","date_gmt":"2017-04-27t09:00:51","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=51828"},"modified":"2017-05-01t10:58:11","modified_gmt":"2017-05-01t14:58:11","slug":"firm-need-independent-executive-committee-member","status":"publish","type":"post","link":"\/\/www.g005e.com\/2017\/04\/27\/firm-need-independent-executive-committee-member\/","title":{"rendered":"does your firm need an independent executive committee member?"},"content":{"rendered":"

\"handshake<\/a>7 benefits of an outside perspective.
\n<\/i><\/strong><\/p>\n

by domenick j. esposito<\/i>
\n8 steps to great<\/i><\/a><\/p>\n

managing partners and other senior management at small and mid-sized cpa firms are known for their entrepreneurial spirit, independent thinking and their desire to call their own shots. at the same time, firm leadership recognizes that they have developed their leadership and management skills from the school of hard knocks and their experiences at firms a good number of them joined directly upon graduation from college.<\/p>\n

more on strategic planning: <\/b>are you attracting the new breed of equity partners?<\/a> | stay independent but keep looking upward<\/a> | ineffective partners and how to address them<\/a> | the dangers of low-hanging fruit<\/a> | 10 common leadership traps<\/a> | expand your national and global geographic reach<\/a> | show clients how to improve working capital<\/a>
\n\"goprocpa.com\"exclusively for pro members. <\/span><\/strong>log in here<\/a> or 2022世界杯足球排名 today<\/a>.<\/span><\/p><\/blockquote>\n

while these skills are critically important, they are, in fact, limiting as they draw upon a very narrow knowledge base and don\u2019t draw upon a much broader universe of knowledge that is out there. how often do you hear \u201ci wonder how other firms do this or do that?\u201d
\n<\/p>\n

because of the challenges (disruptors such as google and amazon, dearth of quality talent, shrinking margins, succession, struggles of staying independent, etc., etc., etc.) in today\u2019s accounting profession, a number of managing partners are now considering the possibility of adding an independent member to their executive committee (probably non-voting). the goal is to strengthen their team so that the firm can strengthen their overall performance.<\/p>\n

\u201cthe team with the best players wins.\u201d<\/p>\n

\u2013 jack welch<\/p><\/blockquote>\n

before we take a deep dive into the benefits of an independent executive committee member, let\u2019s refresh our memories about an executive committee\u2019s responsibilities.<\/p>\n

above all, an executive committee has a fiduciary responsibility and is required to look after the greater good of the firm and its partners. its decisions are binding upon the firm. the executive committee:<\/p>\n