7 Things to Include in Your Practice’s Governance Agreement
Physicians Practice – September 2019
by Karen Zupko and Michael R. Marks, MD
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.