Today's podcast examines whether board compensation, if appropriate, is legally feasible and whether healthcare organizations need to implement such programs in order to recruit, retain, and recognize board members. Host Michael Peregrine is joined by guest Bruce Greenblatt, Managing Director at Sullivan Carter. Together they cover a range of considerations for not-for-profit healthcare organizations on the adoption and design of a board compensation program.
Bruce believes that the board compensation programs are both beneficial and necessary, and during the conversation, he shares insights on:
Why these programs are experiencing a resurgence in examination and implementation
The single greatest factor prompting this discussion
Common themes of incorporating this rationale with a strong fact-base
Key options for boards at the onset of the design process
Compensation options that have proved effective
Establishing the reasonableness of a board compensation package
Addressing organizational reluctance to adopt director compensation programs
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