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Hospital Boards Lack Strategic Focus

Monday, February 03, 2014

Board structure and governance practices are aligning to the new business paradigm, but they still have a long way to go in the areas of diversity and governance processes. Results of a recent survey conducted by the Governance Institute shows that boards continue to spend half of their meeting time listening to reports from board committees and management rather than focusing on strategy. Additionally, diversity remains stagnant. Change, while necessary, is not always so easy. “It’s very hard to move from a reactive to a proactive approach in this environment because there is so much to react to,” said Jim Gauss, Witt/Kieffer chairman of board services.

The key to becoming more strategy focused, Gauss said, is practicing good governance processes. For instance, boards should allocate a specific, limited amount of time for listening to reports, and scheduling longer periods of time dedicated to strategy.

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