The Office of Inspector General of the U.S. Department of Health and Human Services, teaming up with the Association of Healthcare Internal Auditors, the American Health Lawyers Association, and the Health Care Compliance Association, recently released its Practical Guidance for Health Care Governing Boards on Compliance Oversight(Apr. 20, 2015).  The Guidance sets out expectations for what boards should do to ensure that companies have effective compliance programs, including developing a formal plan to stay abreast of the changing regulatory landscape and operating environment; periodically evaluating the adequacy, independence and performance of different organizational functions, such as legal, compliance and audit; evaluating how to work with management to address risk, including roles for identifying compliance risks and investigate risks; ensuring there are strong processes for identifying risk areas; enforcing expectations for receiving certain types of compliance-related information; and ensuring that management consistently reviews and audits risk areas.