In addition to the intangible components like leadership and culture, firms need to generate certain identifiable structures and processes to manage and take decisions. That facilitates daily action and avoids uncertainty.
Many firms use informal governance systems. That might work to the extent that principles and processes are clear to the rest of the organization. Lack of clarity in the decision mechanisms can generate anxiety and inefficiency.
In FMC we help our clients in thinking about their current governance systems, its advantages and disadvantages, and work on implementing effective structures that enhance an efficient allocation of resources.
Considering that these matters are closely related with the distribution of power in the firm, we act as mediators or facilitators, to find formulas of consensus that are compatible with individual and collective interests.
In particular, we assist clients in the design and implementation of:
- Governance structures and decision-making dynamics. Partners meetings.
- Managing Partner: role and characteristics. Appointment, evaluation and replacement.
- Participation of partners in management. Function delegation. Special committees (whenever necessary).