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Fiduciary Duties, Conflicts of Interest and Independence Refresher
Trustee Articles
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.
Fiduciary Duties - Best Practices
Board Checklists
Boards that want to improve their approach to conflicts of interest and independence management do the following...
Board-Stakeholder Checklist
Board Checklists
The organization’s most important stakeholders have been identified/specified. A descriptive/analytic profile has been prepared for each key stakeholder. The interests (needs/wants, expectations and organizational success criteria)
of each stakeholder have been documented.
Asset Stewardship and the Board's 3 for Understanding and Improving Operational Efficiency
Trustee Articles
Asset stewardship has long been a key board responsibility. As fiduciaries of a health care organization’s assets, governing boards are required to act in the best interest of the organization, ensuring that resources are used in a reasonable, appropriate and legally accountable way to meet community health care needs.
Board Legal Fiduciary Duties
Trustee Articles
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.
Sample Conflicts of Interest and Documentation Form
Board Policies
This Conflicts of Interest and Documentation Policy (“Policy”) applies to all directors and officers of ....