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Competency-Based Leadership Development and Succession Planning
Trustee Articles
The tools that follow lay out a framework to assist you in that thinking and planning process with a focus on the competencies of individual trustees.
Competency-Based Succession Planning
Trustee Articles
Even before the Enron scandal, which featured directors who didn’t understand the company’s complex financial transactions, and before the Sarbanes‐Oxley Act required publicly owned corporations to disclose whether their boards include directors with financial expertise, it should have been self‐evident that relevant knowledge and experience are prerequisites for effective governance.
Choosing Wisely: Succession Planning for a Down-Sized Board
Trustee Articles
Several events can lead to a decision to down-size a board. In some cases, the trigger is a merger or an acquisition in which seating all legacy directors would result in a large, unwieldy board or produce an imbalance favoring one of the combining parties. In other cases, a large board simply decides its present size is an impediment to efficient and effective governance.
Using Investment Governance to Achieve Financial Excellence
Significant financial stresses and the impact of economic and market conditions on investment portfolios are leading more boards of top hospitals and systems to re-evaluate their financial governance.
CEO succession as a strategic imperative
A health care organization’s strategic planning involves the board in a number of important activities. But how many boards have considered CEO succession planning to be one of them?