According to US physician, Charles R Denham MD, “Board members should learn from banking leaders who ignored risk and their responsibilities out of selfishness. Moral relativism and situational ethics are not going to cut it in the new world of transparency. The bankers’ governance issues are no different from ours in health care – this is about leadership, accountability, and values.”
In a paper published in the Journal of Patient Safety (Volume 5, Number 2, June 2009) Dr Denham asks “Is Your Hospital as Safe as Your Bank – Time to Ask Your Board.”
He suggests that “When we compare our financial collapse to our patient safety crisis, there are striking similarities.”
Dr Denham’s paper makes for interesting and though provoking reading, especially for boards members.
The paper can be freely downloaded here.