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Role of the Chief Governance Officer
Trustee Articles
The recent economic crisis, coupled with weekly headlines about one company after another demonstrating poor corporate governance choices, led investors and corporate watchdogs to blame boards of directors for less than-expected company performance. These stakeholders argue that directors were asleep at the wheel and not paying close enough attention to their oversight responsibilities.
Board Responsibilities Podcast
Leaders from Northwestern Medical Center in Vermont share how their CEO transition plan helped accelerate success and ensure a smooth changeover.
Governance Committee Charter
Board and Committee Charters
Overall Roles and Responsibilities -The Governance Committee provides for the board’s effectiveness and continuing development.
Preserving the Distinction Between Management and Governance
Trustee Articles
One of the most difficult aspects of effective governance is understanding the distinction between the roles of management and the board, and how that demarcation varies among different organizations. After three decades of working for boards and serving on many myself, I have learned that clarifying these roles is imperative to well-functioning organizations and their boards.
Becoming a First-Rate Board
Trustee Articles
Fulfilling duties includes actively engaging in practices that promote good governance. A review of best practices enables the board to reflect on opportunities for improvement.
Principles and Best Practices for Effective Governance
Trustee Articles
The trustees of one health system were divided over how to structure the board. Some favored proportional representation from its acute care, nursing home and elder services divisions; others wanted all at-large members with no interests to promote.
The CEO of another health system had restructured so facility executives were directly accountable to corporate management for finances and operations. He wanted local boards to focus on strategic direction and oversight of quality, but local boards continued monthly monitoring of finances as they’d always done. Some trustees wondered what their role was.