Hospital committee discusses compensation strategies
Meets for 2nd time behind closed doors
Members of Memorial Health System’s Board of Trustees discussed organizational compensation strategies Tuesday, but they did it behind closed doors.
The board’s Compensation Committee unanimously agreed to go into executive session to discuss a “confidential strategic document” that contains “trade secrets, privileged information and confidential commercial financial data addressing organizational compensation strategies.”
It’s the second time in two weeks that a board committee held a closed-door meeting.
On Thursday, the board’s Strategic Planning Committee went into executive session to talk about a “confidential strategic document” that outlines “various legal structures of health care entities.” The committee also received “legal advice on specific legal questions relating to the legal structure of the health system and physician organization.”
Before the Compensation Committee went into executive session Tuesday, committee members voted to accept a CEO Succession Plan, which apparently outlines the process and procedures should the unexpected happen to CEO Larry McEvoy.
After the vote, committee Chairman Vic Andrews refused to provide a copy of the plan to The Gazette, saying it wouldn’t be available until it went to the full board.
After the meeting, a spokesman for Memorial said he would fax a copy of the plan to The Gazette.
