From pay scandals to champion of corporate governance – the CRC
Three years after a pay scandal rocked the organisation, a Central Remedial Clinic (CRC) boss is now giving tips on corporate governance.
Stephanie Manahan, current chief executive of the CRC, spoke on Newstalk on the subject of corporate governance and the importance of an organisation’s board composition.
Manahan, who served as deputy manager of Connolly Hospital prior to taking on the chief executive role at the CRC in 2014, said that knowing who is on your organisation’s board and how they are recruited is essential for any board.
It was also essential that the board know the business of the organisation, and for a board it is necessary that they carry out a due diligent tenure processes, she said.
“When Boards are recruiting they need to take time out to look at the skills around the board and assess the skills that are needed,” Manahan said.
Manahan went on to advise that the board of the CRC has just undertaken an external review process and, as part of the process, it looked at what skills are now needed for the next chapter of the CRC.
The chairman and ceo relationship is a critical role, Manahan advised, they have to be aligned and have a common and shared vision for the organisation.
It is important that the relationship between the chairman and ceo also have a healthy tension so things don’t get too comfortable, Manahan went on to say.