Memorandum of Understanding MHS Board Chair/CEO Compact
By Stephen Mansfield
An effective board chair/CEO relationship is essential to support governance excellence and begins with a clear understanding of individual and shared accountabilities. Dallas-based Methodist Health System defines these accountabilities in a board chair/CEO compact (shown below) that is used as both an orientation resource for new board chairs and a touchstone for ongoing evaluation of this critical relationship.
For more on the governance/management distinction, read the full article.