Institutional integrity is of utmost importance for not-for-profit hospitals and health systems today. With pending healthcare reform, continued scrutiny regarding community benefit and tax-exempt status requirements, and the IRS Form 990 New Instructions, healthcare organizations must protect their missions and reputations with proper actions, policies, and documentation.
Given the board’s fiduciary duties of oversight, care, loyalty, and obedience, the role of the board in assuring institutional integrity is critical. Therefore, boards are well advised to expend "extra effort" and demonstrate transparently that they deserve the public’s trust through their compliance oversight, community benefits, prudent stewardship, and ethical conduct.
This Webinar:
- Defines and describes the scope of “institutional integrity”
- Reviews the integrity-related pressures on hospital/health system boards
- Explores the connection between integrity issues and the board’s fiduciary duties
- Describes the IRS’ new definition of “independent” board members and the implications regarding conflict-of-interest policies and procedures
- Explains the special challenges of physicians serving in governance roles
- Identifies recommended board policies and procedures regarding oversight of executive compensation and other issues related to financial integrity
- Addresses regulatory pressures on community benefit reporting and the potential new requirements for tax-exempt status
- Provides specific recommendations for boards to implement
Presenter:
Pamela R. Knecht, president of ACCORD LIMITED
Providing Legal Perspective:
Michael W. Peregrine, Esq., partner, McDermott Will & Emery, LLP
Members and Webinar participants may log in to view the recorded Webinar and download the slides. See links above (links will not appear unless you are logged in with your member or participant password).
Below are links to download Governance Institute publications related to the Webinar topic.
Emerging Standards for Institutional Integrity: A Tipping Point for Charitable Organizations
Conflicts of Interest and the Non-Profit Board: Guidelines for Effective Practice
Is the Job Getting Harder? Updated Guidance for the Board’s Executive Compensation Committee
Who Is an Independent Director?