A media release from Health Minister Tony Ryall on his expectation that District Health Boards will collaborate more includes this:
DHBs across the country have responsibility for overseeing budgets from $100 million to over $1 billion a year. They also have in total around $160 million of unfunded services (DHB deficits) inherited from the last Government.”
“The Ministry of Health advises that only around 10% of Board members have specific financial expertise.
Only around 10% of board members have specific financial expertise?
I wonder how that compares with other boards?
Financial expertise isn’t the only skill required of directors but it’s one of the most important.