The key to having a perfect governance is not only setting up efficient processes and structures, but also demonstrating the right behaviors in building trust, creating an ethical culture and interacting with shareholders. If boards can perform all of these tasks well, they will bring significant value to healthcare organizations. They can ensure that they are on the right track, and move forward for the good of the community.

Effective boards have a clear, solid structure that defines their duties. This includes defining roles for the chairman, chief executive officer, the individual directors and their committees. Structures that are clearly defined enable directors to focus more on their areas of expertise, and to work together as members of a team.

The board must develop an outline of the plan to govern the organization, including identifying critical issues, establishing strategic goals and developing strategies for managing risk. It is also required to make sure that it has the proper capabilities and understanding to fulfill its responsibilities, for instance by ensuring there's a mix of relevant expertise on the board and by making sure that the board has the appropriate experience in the field.

A reliable, solid board will have high levels of expertise, skills and experience that allow it to manage risks and ensure the success of the business. It will be able to meet the diverse expectations and demands of stakeholders including employees, customers, or investors. This will require a well-constructed strategic plan and an enlightened understanding of the company's mission and values.

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