[co-authors: Timothy Cotter and Kathryn Hastings, SullivanCotter; David Jarrard, Jarrard Inc.; Ken Kaufman and Andrew Majka, KaufmanHall; Zachary Morfin, PhD., and David Nygren, PhD., Nygren Consulting; Scott Steffens, Grant...more
10/13/2021
/ Audit Committee ,
Board of Directors ,
Compensation Committee ,
Corporate Communications ,
Corporate Governance ,
Corporate Management ,
Corporate Social Responsibility ,
Corporate Strategy ,
Diversity and Inclusion Standards (D&I) ,
Employee Engagement ,
Executive Compensation ,
Health Care Providers ,
Healthcare ,
Human Capital ,
Privacy Committee ,
Shareholders
LAWYER SPOTLIGHT ON CORPORATE PURPOSE -
Board and executive leadership of large nonprofit health systems should note evolving trends concerning corporate social responsibility (CSR), corporate purpose and corporate...more
11/7/2019
/ Benefit Corporations ,
Board of Directors ,
Caremark claim ,
Corporate Entities ,
Corporate Governance ,
Corporate Social Responsibility ,
Gender Equity ,
Initial Public Offering (IPO) ,
National Association of Corporate Directors (NACD) ,
Public Benefit Corporation ,
Standard of Conduct ,
Women in the Law
DIRECTORS AS VENDORS -
A new controversy at a large health system highlights the legal and reputational challenges that can arise when directors sell services to the organizations they serve as fiduciaries.
According to...more
4/26/2019
/ Board of Directors ,
Breach of Duty ,
Brick-and-Mortar Stores ,
Business Disruption ,
Bylaws ,
CEOs ,
Charitable Organizations ,
Corporate Governance ,
Corporate Social Responsibility ,
Derivative Suit ,
Diversity ,
Entrepreneurs ,
Fiduciary Duty ,
Health Care Providers ,
Incentive Compensation ,
Independent Director ,
Individual Accountability ,
Leadership ,
Legislative Agendas ,
Mergers ,
Nonprofits ,
Presidential Elections ,
Retailers ,
Special Committees ,
Tax Exempt Entities ,
Tax Planning ,
Vendors
INCREASING FOCUS ON CORPORATE PURPOSE -
There is a notable increase in governance discourse on the relationship of corporate purpose to sustainable revenue growth, in the context of changing social and political...more
2/11/2019
/ Board of Directors ,
Centers for Medicare & Medicaid Services (CMS) ,
CEOs ,
CFOs ,
Chief Legal Officers ,
Corporate Counsel ,
Corporate Governance ,
Corporate Social Responsibility ,
Cybersecurity ,
Diversity ,
Hospital Mergers ,
Letters of Intent ,
Regulatory Oversight ,
Shareholders
Mission Drift -
The nonprofit corporate law implications of a business model that evolves from its primary charitable purposes are demonstrated in a recent, highly publicized state attorney general enforcement action...more
New Board Removal Action -
The removal of four Wells Fargo directors, in connection with other sanctions imposed on the bank by the Federal Reserve, has far reaching implications for the corporate governance of large,...more
The following developments from the past month offer guidance on corporate law and governance law as they may be applied to nonprofit health care organizations:
OVERSIGHT OF CORPORATE CULTURE -
A significant emerging...more