According to Barry Bader, healthcare governance expert in the USA, “On paper, BP appears to have great governance. The board includes nonexecutive directors with august backgrounds. It has adopted governance principles, and it posts extensive information about governance activities on its website. The board has a committee on safety, ethics and environment assurance with a non-executive chairman. It holds executive sessions without any staff present…….Yet, in practice, the evidence to date suggests the BP board failed in its obligations to shareholders.”
In his latest blog post Barry Bader considers the case of BP and examines the lessons that hospitals and health systems can take away for their board oversight practices.
Read his full blog article here.