The board of the foundation is tasked with controlling $1.25 billion from the sale of the Wilmington-based hospital to Novant Health in Winston-Salem, N.C., among other duties.
Under the motion, members of the New Hanover Regional board of trustees or any elected official won’t be allowed to sit on the foundation’s board for two years after leaving office, according to the report.
The motion passed in a 4-1 vote.
More articles on leadership:
Massachusetts hospital cuts 11 administrative jobs
Corner Office: CHI Health CEO Dr. Cliff Robertson on the 2 questions he answers for employees
Tennessee hospital COO encourages plasma donation after contracting COVID-19
At Becker's 4th Annual CEO + CFO Roundtable, taking place November 2–5 in Chicago, more than 1,500 hospital and health system executives tackle decisions that determine whether organizations thrive or merely survive: protecting margins under cost pressure, choosing where to grow, renegotiating payer relationships, stabilizing the workforce and proving real ROI on technology. This is where leaders work through them together, face-to-face. Apply for complimentary registration now.