Fiduciary duties of interlocking directors within a nonprofit health system.
In response to regulatory and financial pressures, entities participating in the healthcare industry have joined with others in order to maintain, even improve, their market positions. In the non-profit sector of the industry, partnerships, mergers, and acquisitions have included arrangements whereby some corporate partners have interlocking directors. After review of the fiduciary duties of care and loyalty owed by corporate board members, and their application to traditional performance and conflict of interest situations, the authors address two scenarios raising interlocking director issues.
University of Pittsburgh, PA, USA.
Nathan
N
Hershey
Christine M
CM
Jarzab
D003695:Delivery of Health Care; D009935:Organizational Affiliation; D009939:Organizations, Nonprofit / Q000458:organization & administration*; D012941:Social Responsibility; D014481:United States