Is your board meeting

its fiduciary obligations?

Board members are increasingly aware of and concerned about their fiduciary duty to monitor an organization’s compliance with laws; and to provide oversight to their organization's compliance program.  How well do your board members understand these duty-of-care obligations?  Is your board satisfying its obligations to provide oversight to the compliance program and to the organization’s compliance with legal and regulatory requirements?  

 Board Advisory 

& Expert Services 

Partnering with

Your Board

At Arete we have decades of experience working with organizational boards to help them better understand their fiduciary duties in the area of compliance program oversight, and to help them adopt appropriate structures, procedures and oversight practices to facilitate assurance that these fiduciary duties are being met.  Our compliance experts have:

 

  • Served as board members with responsibility for compliance oversight for healthcare provider organizations
     

  • Worked as staff to boards (in legal counsel, compliance officer and other capacities)
     

  • Conducted formal compliance program evaluations and advised boards on the strengths and weaknesses of their organizational compliance programs

  • Served as Compliance Experts pursuant to

    CIAs, with responsibility for evaluating and advising boards on the effectiveness of their organization’s compliance program

 

If you need assistance in assuring that your board is meeting its duty-of-care related compliance oversight obligations, we can help.

Compliance Oversight: 

What is Required?

At Arete we have decades of experience working with organizational boards to help them better understand their fiduciary duties in the area of compliance program oversight, and to help them adopt appropriate structures, procedures and oversight practices to facilitate assurance that these fiduciary duties are being met.  Our compliance experts have:

 

  • Served as board members with responsibility for compliance oversight for healthcare provider organizations
     

  • Worked as staff to boards (in legal counsel, compliance officer and other capacities)

  • Conducted formal compliance program evaluations and advised boards on the strengths and weaknesses of their organizational compliance programs
     

  • Served as Compliance Experts pursuant to

    CIAs, with responsibility for evaluating and advising boards on the effectiveness of their organization’s compliance program

 

If you need assistance in assuring that your board is meeting its duty-of-care related compliance oversight obligations, we can help.

Board Member Q + A

We work with your board to help them answer these and other questions related to their oversight of the compliance program:

 

  • What should board members consider when determining whether their organization has implemented and is operating an “effective” compliance program?

  • What is required for a compliance program to be “effective?”

  • What do regulators and enforcement officials look for when they are judging the effectiveness of compliance programs after a problem has occurred?

  • Are the compliance officer’s reporting relationships and access to the board appropriate?

  • Does the compliance officer spend adequate time with the board to facilitate appropriate oversight?

  • Is the Board currently receiving and evaluating the right compliance-related materials?

  • Is the board made aware of allegations or concerns of significant inappropriate conduct?

  • Is the organization correlating information to properly identify risks?

  • Does the board see appropriate evidence that corrective action plans for compliance and audit issues are timely and fully implemented?

  • Are experts being used where appropriate to bolster the board’s understanding and oversight of the compliance program?

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Board & Expert Advisory 

Brochure

We can also help the board in its oversight role by conducting a formal evaluation of the structure and operation of the compliance program. If you need an advisor to work with your board on compliance oversight, please reach out to us at info@aretecompliance.com

At Arete our mission is to help you and your organization succeed.