First Non Exec Directors' meeting

Small Practice Blogger
Share this content

This afternoon in my office at 2pm will be the first Non Exec Directors (NEDs) meeting for my practice. As I mentioned in one of my previous blog, the NEDs are my sister and my brother. They are both experienced and will provide a highly valuable input. The intention is to have these meetings on a quarterly basis.

On the agenda today is

  1. Where the practice is up to day (fee level, client type, systems, staffing)
  2. Expansion plans - where I want to take the practice
  3. How does the above fit in with the marketing plan - ie how do I get there
  4. Discuss and finalise the marketing plan
  5. Agree quarterly report(s) for our meetings.

As sole practitioner it is important for me to have these type of exchange.

I am looking to forward to exchanging ideas and in particular hear their views.


Please login or register to join the discussion.

By Flash Gordon
02nd Apr 2012 14:25


how did it go? Was it worth having? Do they agree with your ideas / have alternatives?

Someone to bounce ideas off is always a good thing. I just wish my dog would respond sometimes :)

Thanks (0)
02nd Apr 2012 21:56

Sibling rivalry?

Sorry for the late response Flash.

It was an uncomfortable meeting. This was because:

We have not talked business formally beforeWe were also trying to point score each other

Despite this it was well worth having the meeting. Both the siblings made excellent points that I did not even think about. Further, we agreed KPIs for my practice that I would report on in quarterly NEDs meetings.

We also discussed and ageed the how much and how of practice expansion.  

I am sure our business relationship will improve over a period of time.


Thanks (0)
02nd Apr 2012 22:43


Would it be possible to put a non-family member into the mix?  The simple addition of one such person could do a lot to negate any negative dynamics that could (and probably will) arise as a result of thrusting family members into a new relationship setting with a new (and previously unexperienced) range of dynamics.

I respect my brother greatly.  And there is no way I could have a meeting with him where my business was the thing under discussion.



Thanks (0)
03rd Apr 2012 08:44


Thanks for your response WS.

I think bringing is an outsider is a good idea. My problem is finding someone who does not expect a lot to be paid. 


Thanks (0)