7 things to include in your practice's governance agreement


How to build a robust governance agreement that can help your practice weather any storm.

A governance agreement is the foundation for how a practice's board of directors is comprised, which in turn dictates how a practice functions and thrives. Unfortunately, most practice governance agreements lack detail that give the board authority and power to navigate disagreements or legal matters; steer through financial, economic or natural crises; and ensure the practice's long-term stability and profitability.Regardless of your practice's size or specialty, here are seven things to consdier adding or revising in your governance agreement.