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What are the  members of a board’s designation in a for-profit and not-for profit corporation?

November 11, 2021
Christopher R. Teeple

Dr. Randy Barton’s bio
Randall Barton has recently been chosen to serve as Chief Executive Officer for Significant
Systems (SS). Mr. Barton brings to SS 35 years of experience as a senior executive, non-profit
entrepreneur and tax attorney. For the past 7 years he has provided strategic leadership
nationally and internationally for successful non-profits, universities, and businesses. As CEO
(1992-2005), Mr. Barton led AG Financial during a period in which its assets grew from $25
million to a diversified affinity financial firm with $2.2 billion in assets. Mr. Barton has over 20
years of experience providing executive oversight of non-profit lending entities and created a
pool of over $1 billion in financing solutions for universities, churches and non-profits. Randall
has substantial experience in administration, advancement, marketing and funding for colleges
and universities and chairing and consulting with boards of local, national, and international
organizations. Previously, Mr. Barton served as Mayor of Kirkland, Washington, as Foundation
Executive and Vice-President for Northwest University (1984-1992), and Attorney/Partner of
Holden, Kidwell, Hahn & Crapo, a law firm located in Idaho Falls, Idaho (1977-1984). Mr. Barton
received his Bachelor of Science in Mathematics-Engineering from Northwest Nazarene
University (1975), his Doctorate of Jurisprudence-Law from the University of Idaho (1977), and
has received executive training from Harvard Business School and Tuck School of Business at
Dartmouth.
QUESTIONS:
1. What are the  members of a board’s designation in a for-profit and not-for profit corporation?
2. Whose interest does the board support in a  for-profit and not-for profit corporation?
3 List 3 basic roles of the governing board members of a healthcare organization, and 3 fiduciary duties defining how board members perform their responsibilities.
4. Which agencies goes after broad members and trustees for-profit and not-for profit  for breach of duty?
5. What 2 primary tasks should be focused on once a sound compliance program structure has been implemented?

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