WK4A1: Please use APA format and list and site all sources and references: Resea
ID: 110728 • Letter: W
Question
WK4A1:
Please use APA format and list and site all sources and references:
Research several hospitals of your choice and identify how many Board members are on the Board and their length of appointment.
As Boards are prohibited from managing, discuss the major duty of a Board. By what mechanism does a board understand the status of the hospital financially and operationally?
What did the Saberness-Oxley Act demand of Boards and why?
What is D/O (Directors/Officers) insurance and why is it needed?
Please use APA format and list and site all sources and references: cite your sources in your work and provide references for the citations in APA format.
At least one Page in APA format.
Explanation / Answer
The increament of the stake of the board in the leadership of the hospital plays a great role which also play a significant role in the developement and the financial stability of the hospitals. undertsanding of the correct approach to successfully fulfill this purpose is critical for the preparing and the growth of their organizations for positioning adequetley in the health markets.
Saberness Oxley Act of 2002 also known as public company accounting reform and investor projection acts. according to this law the united state government set a new requirement for all U.S. public company board, management and public accounting boards.
The director officers insurance is that which able to give them protection in terms of the insurance. the insurance for them may be of mdiacal facilities as well as according to the board rule and regulations, it may be of monetary insurance and all. these are needed to assure the guidence and the assure to the director and officers that they re i in a protections of some government facilties for which they are working.
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