American International Journal of Social Science

ISSN 2325-4149(Print), ISSN 2325-4165(Online)

Corporate Governance Practices: an Exploratory Study of the U.S. Nonprofit Healthcare Sector Development
Dr. Walter A. Robbins, Dr. Gary Taylor

Abstract
In recent years, corporate governance in the U.S. has received a significant amount of attention in the nonprofit sector because of several major high-profile accounting scandals. Consequently, both professional and political groups are calling for a higher level of accountability and transparency, especially in the nonprofit healthcare sector. Before such actions are taken, policymakers and other interested groups should give consideration to the current status of corporate governance. This paper reports the results of a descriptive study that assesses the extent that U.S. nonprofit hospitals have adopted corporate governance practices, and identifies the type of governance techniques that represent “best practices”. The findings should provide a basis for nonprofit hospital management and their governing boards to assess the quality of their own system of corporate governance.

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