Document Detail

Board oversight of executive performance and compensation.
MedLine Citation:
PMID:  21158257     Owner:  NLM     Status:  MEDLINE    
Making sure the relative roles of the board and management are clear and agreed upon is becoming more important as market and regulatory forces compel boards to govern at levels of detail once considered micromanagement, but are now required and necessary in the current environment of heightened governance accountability. A clear understanding of each other's roles and responsibilities is step one in building a solid partnership between the board and chief executive. A second element of building a strong foundation for the board-CEO relationship is taking time early on to establish mutual expectations about working together. The board's responsibilities in CEO performance management and compensation include setting performance expectations and goals that are clear and measurable and coaching and motivating the CEO. When a CEO fails, one of the most important steps for the board to take is to look in the mirror and commit to the rigorous due diligence needed to avoid future mistakes. Boards should always have CEO succession on their agenda.
Connie R Curran; Mary K Totten
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Publication Detail:
Type:  Journal Article    
Journal Detail:
Title:  Nursing economic$     Volume:  28     ISSN:  0746-1739     ISO Abbreviation:  Nurs Econ     Publication Date:    2010 Sep-Oct
Date Detail:
Created Date:  2010-12-16     Completed Date:  2011-01-06     Revised Date:  -    
Medline Journal Info:
Nlm Unique ID:  8404213     Medline TA:  Nurs Econ     Country:  United States    
Other Details:
Languages:  eng     Pagination:  343-5, 355     Citation Subset:  N    
Best On Board, USA.
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MeSH Terms
Cooperative Behavior
Decision Making, Organizational
Employee Performance Appraisal / organization & administration*
Governing Board / organization & administration*
Hospital Administrators / organization & administration*,  psychology
Interprofessional Relations*
Organizational Objectives
Professional Role* / psychology
Salaries and Fringe Benefits / economics*
Social Responsibility

From MEDLINE®/PubMed®, a database of the U.S. National Library of Medicine

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