Corporate governance varies from management in that governance is primarily about protecting an organisation, whereas management is more about growing it (Ashe-Edmunds, 2016). The ERHA has a number of governing policies that specifically directs how board members can act. For example, no personal liability shall attach to a member of a board for anything done, permitted to be done or omitted to be done in good faith in the course of the operation of the relevant authority (Ministry of Legal Affairs, 2014). Given these points corporate governance provides transparency and corporate accountability through the way companies are directed and controlled.
Management refers to the actions taken by an organisation to lead in a positive direction. The …show more content…
29). For instance, there are many different types of boards, however, each have distinguished characteristics. According Bob Tricker, “There are three (3) main board structures which consist of unitary, two-tier and advisory boards” (Tricker, 2012). Below explains all three boards:
Unitary Boards
Once an organisation is under a unitary board structure, it will comprise of a single board of directors containing executive and non-executive directors. Intuitively, there are four (4) possible structures: a board with only executive directors, a board with a majority of executive directors, a board with a majority with non-executive directors and lastly a board with only non-executive directors (Tricker, 2012, p. 48). For instance, a unitary board in Trinidad and Tobago is the Education Facilities Company Limited (EFCL), whereby they have a single board of directors with no supervisory …show more content…
The informal nature of an advisory board gives greater flexibility in structure and management compared to the Board of Directors. For instance, an advisory board in Trinidad and Tobago is The Economic Development Advisory Board (EDAB), under the Ministry of Planning and Development.
The Eastern Regional Health Authority board is intended to fall under the Unitary Board structure with the majority of non-executive directors. The Chairman and Vice-Chairman work collaboratively with the Ministry of Health to implement the infrastructure and systems for the Sangre Grande Hospital and the fifteen (15) health centres under the ERHA (Ministry of Health and The Eastern Regional Health Authority, 2011, p.
Management refers to the actions taken by an organisation to lead in a positive direction. The …show more content…
29). For instance, there are many different types of boards, however, each have distinguished characteristics. According Bob Tricker, “There are three (3) main board structures which consist of unitary, two-tier and advisory boards” (Tricker, 2012). Below explains all three boards:
Unitary Boards
Once an organisation is under a unitary board structure, it will comprise of a single board of directors containing executive and non-executive directors. Intuitively, there are four (4) possible structures: a board with only executive directors, a board with a majority of executive directors, a board with a majority with non-executive directors and lastly a board with only non-executive directors (Tricker, 2012, p. 48). For instance, a unitary board in Trinidad and Tobago is the Education Facilities Company Limited (EFCL), whereby they have a single board of directors with no supervisory …show more content…
The informal nature of an advisory board gives greater flexibility in structure and management compared to the Board of Directors. For instance, an advisory board in Trinidad and Tobago is The Economic Development Advisory Board (EDAB), under the Ministry of Planning and Development.
The Eastern Regional Health Authority board is intended to fall under the Unitary Board structure with the majority of non-executive directors. The Chairman and Vice-Chairman work collaboratively with the Ministry of Health to implement the infrastructure and systems for the Sangre Grande Hospital and the fifteen (15) health centres under the ERHA (Ministry of Health and The Eastern Regional Health Authority, 2011, p.