• Health System Boards and Cultures that Support Effective Enterprise Risk Management

    Wednesday June 5, 2019

    The common law and regulatory climates of North American health systems have been shaped by an Anglo-Saxon heritage regarding the role of the corporation. This view of the corporation has, in turn, shaped the role and responsibilities of corporate bards as they perform certain key fiduciary duties wisely. At the 2018 Cayman Captive Forum, our session on governance trends and best practices for risk management sought to position the role of boards to not so much be experts in risk management, but to be enablers of a superior risk management culture that supports talented executives and risk management professionals to master and continuously enhance the use of modern Enterprise Risk management principles, policies and practices.

    This paper has been modified from discussions at the recent Cayman Captive Forum organized by the Insurance Managers Association of Cayman (MAC). Requests at the Forum for materials that might help stimulate health systems boards to enhance the effectiveness of their enterprise risk management encouraged the authors to assemble and share this collection of ideas and insights about governing modern risk management strategies and structures.

    2019 Health System Boards and Cultures that Support Effective Enterprise Risk Management White paper

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