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Good Governance Policies in the Post-Enron Environment
The governance challenges raised in the post-Enron environment are motivating many boards and their general counsels to draft new board policies and tighten up existing ones.
Fully Equipped to Lead
When trustees are appointed to the board of Manatee Memorial Hospital, they have a steep learning curve as they settle into this new role. Providing an orientation program and performing frequent performance evaluations help to ensure that trustees receive the training, resources and ongoing support they need to serve the organization.
Radical Decision Making for Hospital and System Boards
The seismic forces currently roiling health care present boards with a new set of profoundly consequential strategic options. These often involve significant risk, major mission shifts, and challengingly short windows of opportunity.
Board Compensation: The Emerging New Normal
The AHA triennial survey of health care boards reveals the exponential growth in the number of boards that provide cash compensation to their members.
Board Legal Fiduciary Duties
All state statutory and case law holds that directors of nonprofit, 501(c)(3), corporations must serve as stakeholder (owner) agents, acting in ways that protect and advance their interests. Legalities aside, this is the foundation of great governance. In order to fulfill this obligation, directors must discharge three legal fiduciary duties: loyalty, care and obedience.
Fiduciary Duties, Conflicts of Interest and Independence Refresher
These are exciting and challenging times for board members of not-for-profit health care organizations. The main driver of this state of affairs is a field-wide transformation that promises to result in better quality, higher value, and population health improvement. Most board members see this as a positive move for their organization and community, since their missions often speak to the need to improve the health of the communities they serve.
Future-ready Boards
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Assessing Overall Board Effectiveness: Key Elements for Success to Consider
Investing time now in evaluating and enhancing board effectiveness can accelerate organizational results for years to come.
Preserving the Distinction Between Management and Governance
Clarifying accountabilities between management and governance is essential for high performance. Discover best-practice governance principles in this article.