“With the 162(m) provision, it’s important to distinguish that these salaries are only being considered for tax purposes,” says Deb Lifshey, a managing director at Pearl Meyer. “The new provision does not require the comp committee to add any new public disclosures around pay.”

According to a new report from Pearl Meyer exploring what’s top of mind for healthcare boards, special attention to the healthcare workforce is needed, with five areas of particular concern outlined.

“The role of chief impact officer addresses questions companies have such as ‘What kind of change are we trying to introduce into the organization?’ and ‘How does the current structure of the organization either help that change or impede that change?’” managing director Jan Koors told Marketplace.

In 2021, boards will be involved in the reassessment of business and talent management strategies at hospitals and health systems, according to compensation consulting firm Pearl Meyer.

“Even if it’s not in your incentive program, boards should set aside time on a semi-annual basis to review how the company is addressing sustainability because investors will want to know,” said Aalap Shah, managing director at Pearl Meyer.

"Companies want boards to maintain a longer-term perspective on strategy, which accounts for the trend we're seeing requiring longer holding periods before directors can cash out company stock," Ryan Hourihan, principal for Pearl Meyer told SHRM.