Should We Pay Some or All of Our Board Members?
November 20, 2009
Posted by chcablogadmin in : Boards
A couple of months ago I had a discussion with one of the leading strategy consultants who is a paid Board member at one of the major health systems. He doesn’t view serving on the Board as part of his community responsibility but believes the system gets huge value from his national exposure, and vice-versa. It brings into question whether Boards need to buy certain national figures or higher levels of expertise. It”s a debate we’ve had from time to time, but we can’t think of a single children’s hospital board with a paid board policy. What are your current thoughts, particularly after last week’s governance discussions?
Comments»
To answer this question I think you need to start with your organization’s mission and vision. If you have a national/international mission/vision it may take payment to attract the kind of Board member that can advance the kind of initiatives needed to accomplish your goals. If you have a local/regional approach I’m not certain it’s necessary.