The general assembly finds and declares that it is in the best interests of the residents of Rhode Island:
(1) To strengthen and reform the governance structure of nonprofit hospital service and/or medical service corporations;
(2) To ensure a diverse, independent and publicly accountable board of directors;
(3) To prohibit certain activities which may allow self-interest to compromise undivided loyalty to the public interest mission for which such corporations were established; and
(4) To require adoption of principles and procedures to keep such corporations aligned with their public interest mission.
History of Section.
P.L. 2004, ch. 330, § 2; P.L. 2004, ch. 567, § 2.