board of trustees

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board of trustees

The group of responsible individuals who oversee the operation of a hospital or medical centre, which usually includes several members of the community, one or more chiefs of service, the chief executive officer, administrators and other individuals responsible for the hospital’s daily operations.

board of trustees

Politics The posse of thugs who oversee an institution's administration. See Board of directors.
References in periodicals archive ?
However, it should also be remembered that a professional trustee is normally just one of many trustees on a trustee board and their influence on the board will inevitably vary from scheme to scheme.
Aon said member-nominated trustees brought a valuable perspective to trustee boards, but usually did not have a financial background and so found it difficult to gain a thorough understanding of all the investment aspects of the pension scheme within the time that they had available.
This will lead to many trustee boards following the more established investment strategies, with which they can claim familiarity, but which will not necessarily provide the optimal level of investment returns.
Furthermore, 85 per cent of trustee boards did not have individual governance objectives and only 46 per cent assessed the performance of advisers and delegates.
Terry Simmons, pensions partner at PricewaterhouseCoopers in the Midlands, said: 'The results of our survey suggest that trustee boards are keen to enhance governance, but may have lulled themselves into a false sense of security by making some moves to comply with Myners.
The evolution of superannuation Trustee Boards is picking up pace, but not all funds are ready to appoint independent directors, according to new research from Mercer into the governance of Australian superannuation funds, which revealed 57% of funds surveyed do not currently have independent directors on their Trustee boards.
It s a different world today for Trustee Boards they need expertise in investment, governance, risk management, remuneration, insurance and marketing, along with the interpersonal skills to enable a diverse group of people to work seamlessly together.
Developed from our experience of working closely with thousands of trustee boards, the courses use challenging real life case studies and apply interactive learning to improve participants abilities to make effective decisions in the context of strong scheme governance.