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7 Things Your Governance Agreement Must Include

7 Things Your Governance Agreement Must Include

A governance agreement forms the foundation of how a practice’s board of directors is comprised, how it makes decisions and operates, and how it maintains authority. An effective agreement can get a practice through a partner disagreement, financial crisis, legal issue, or natural disaster. It’s a critical document no matter if your group has two or 200 physicians.

Most practice governance agreements fall short on detail. Often they contain just the legal statements about board size and voting that are required to file the organization’s corporate documents. Add strength to yours by making sure it includes these seven essentials…

 

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