voice of bainbridge

Self-perpetuating boards

While looking at the compensation of executives in Health Insurance "Not-for-Profit" corporations or Hospitals I have wondered about the governance of those organizations. It looked like the Board of Directors was omnipotent (most of the time). But how were the members of the Board chosen? It seems that in most cases the board members simply chose themselves: this is the system of the self-perpetuating board where all the power is concentrated within board members that are only accountable to themselves.

KUOW investigates hospitals high rollers in Puget Sound area

How much are paid the CEOs of local "not-for profit" hospitals. Here is the link. Here is the list (pdf format)