The South Dakota Association of Healthcare Organizations recently launched Stepping into Governance, a 4-part video series focusing on board governance training. This video series produced by SDAHO in collaboration with Sumption and Wyland features Margaret Sumption, LCP, SPHR, SHRM-SCP of Sumption and Wyland. Margaret has over 30 years’ experience as a leader in organization governance.
Session 1: Introducing Governance Design, defines the various governance model’s healthcare organizations work within. Fiduciary duties demanded of board members as they provide their leadership to their organization are important and focused on throughout video one of this four-part series.
One of the first steps is to understand the fiduciary role of a board member. Margaret explains in easy-to-understand terms what that means and how to accomplish that responsibility.
Watch this short micro-learning video on “What is Fiduciary Duty and How Does it Apply to Me?”
There are many types of Governance Boards, which require a different set of rules and responsibilities. It’s important to understand which type of board you are affiliated with and how your organization can connect with the community and healthcare system. There are complexities with certain types of boards.
Watch this short micro-learning video, as Margaret explains challenges that may arise for Government Affiliated Boards: Understanding Board Types & the Mission of a Government Affiliated Board.
Understanding the philanthropic arm and how philanthropy plays a role in the community is a key component to a board member’s fiduciary duty. It is common for a healthcare organization to have a philanthropy arm that concentrates on engaging the community. There could be a foundation, partially separate from the governance of your organization that oversees this area. There may also bean advisory board or committee or other structure that guides the work and promotion of philanthropy, but it’s critical that this relationship be understood, and clear guidelines are written to guide and direct that relationship.
To learn more about SDAHO’s Governance Video Series: Stepping into Governance, a free resource to SDAHO members, visit the Trustee website today.
For additional questions contact, Stephanie.Rissler@sdaho.org
