FACHE - Governance Practice Exam Questions and Answers From BOG Study Guide Latest 2023/2024 100% Verified

FACHE Governance Practice Exam Questions and Answers Latest Updated 2023/2024 100% Verified. The most effective # of mbrs of a BOD is? correct answer10-15 5 managerial functions of the Board: correct answer1) Appoint a CEO 2) Establish Mission/Vision/Values 3) Approve long range plans and the annual budget 4) Ensure the quality of medical care 5) Monitor performance against plan and budget 3 common board committees correct answer1) Executive 2) Finance 3) Quality 3 Qualities of the Board Chair correct answer1) Mentor others on the board 2) Be decisive and move the board to action 3) Cultivate an effective working relationship w/ the CEO FACHE - Governance Practice Exam Questions and Answers From BOG Study Guide Latest 2023/2024 100% Verified 3 things a CEO should do correct answer1) Be visionary and inspire the board 2) Avoid springing info on the board 3) Communicate effectively and frequently 3 Duties of the BOD correct answer1) The duty of care 2) The duty of loyalty 3) The duty of disclosure Duty of Loyalty requires Directors to do what? correct answerConduct be in the best interest of the HCO 3 Facts about Intermediate sanctions correct answer1) They can be put in place rather than punish an organization 2) Can cause an organization to lose its NP status and perhaps pay back taxes 3) Can cause the director to be held liable for their actions 3 areas the Chair/Pres of the Board works w/ the CEO correct answer1) Prepping the agenda for the board 2) Negotiating CEO compensation 3) Evaluating board performance A board mbr is not considered to have a conflict of interest if correct answer- The board decides/determines that no conflict of interest exists