Overall, hospital board members who have been on the board of directors for less than nine years are less involved in the strategic management process than their longer-tenured counterparts, according to a study in Coastal Business Journal (pdf).
Researchers studied 240 board directors from 21 hospitals. The researchers assessed board members' involvement in corporate strategic planning using a scale based on previous research and studies.
Board members with tenure of more than nine years were more involved in developing strategic alternatives and providing advice and counsel in discussions outside of board/committee meetings. While longer-tenured board members were also more engaged in setting standards for hospital leaders' performance, both groups of board members had limited involvement in this process, according to the study.
Short-tenure directors were more concerned about the interests of major stakeholders and were more involved in financial matters.
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Researchers studied 240 board directors from 21 hospitals. The researchers assessed board members' involvement in corporate strategic planning using a scale based on previous research and studies.
Board members with tenure of more than nine years were more involved in developing strategic alternatives and providing advice and counsel in discussions outside of board/committee meetings. While longer-tenured board members were also more engaged in setting standards for hospital leaders' performance, both groups of board members had limited involvement in this process, according to the study.
Short-tenure directors were more concerned about the interests of major stakeholders and were more involved in financial matters.
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