Many of the board members found ways to get around term-limit bylaws that capped board service at two, five-year terms, according to the report. Many of these same board members often lobbied health system executives to promote their own businesses.
For example, former Baltimore Mayor Catherine Pugh served on the board for 17 years. She got the health system to sign on to a $500,000 book deal without reviewing her book. Former board member Robert Pevenstein, a director for 16 years, was “actively pursuing business opportunities with UMMS” for two companies he had a financial stake in, according to the report.
“Many of the longest-serving board members were also ones with the most significant conflicts of interest,” the report read, according to The Philadelphia Inquirer.
Read more here.
More articles on leadership and management:
South Carolina medical center cuts 12 positions
Problems plague South Dakota hospital that churned through 6 CEOs in 3 years
Senate confirms Dr. Stephen Hahn as FDA chief
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.