Compliance partners: Tips to win over the board
Hospital and health system leaders may have noticed increased attention from the board of directors and compliance board recently. Spurred to action by federal rules related to corporate responsibility and heightened attention regarding healthcare nonprofit organizations, board involvement in compliance concerns is no longer simply good business; it is the law.
The Sarbanes-Oxley Act of 2002 set stricter rules for corporate executives and directors of all businesses, and thus many leaders serving on private sector boards have a heightened awareness of the rules when they serve on nonprofit hospital boards.
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