A civil enforcement action against a healthcare company reveals a straightforward lesson: It’s never too late for leaders to make the right decision. In this Forbes article, Michael Peregrine discusses the government’s complaint and offers takeaways for corporate boards.
CEOs may think they are fully in control of their workforces, but this belief may be more of an illusion than reality. In this Forbes article, McDermott Partner Michael Peregrine says certain pandemic-era changes to their authority may be more lasting than they realize–especially as it relates to their dynamic with the board of directors.
The board’s executive compensation committee is the focus point for many of the extraordinary financial, economic and operating challenges currently facing healthcare organizations. Executive compensation increases are impacted by both an inflationary economy and significant revenue downturn. In addition, the US Department of Justice has identified executive compensation as an important conduit through by which corporate compliance incentives and deterrence can be implemented. Furthermore, executive recruitment and retention amidst the “Great Resignation” remains a key compensation concern.
These and similar issues have become important agenda items for the board’s executive compensation Committee. Michael Peregrine is joined by industry experts Tim Cotter and Ralph DeJong for the first in a two-part conversation about the impact of the developments on the compensation committee, including:
How can organizations cope with change fatigue in uncertain times? In this Forbes article, McDermott Partner Michael Peregrine draws on historical and present examples to argue that effective leadership starts with the proper tone at the top.
“A positive organizational culture may come less easily these days, not because the organization itself is less robust, but because of the insidious impact of change fatigue,” Peregrine writes. “And that fatigue can undermine the spirit of the workforce and its faith in the future.”
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