HealthSouth Corp., Birmingham, Ala., hired John Markus from dialysis provider Fresenius Medical Care North America to be its new chief compliance officer and said it has revised its governance practices to comply with the Sarbanes-Oxley Act. The company, the subject of a $2.7 billion accounting fraud investigation, said three-fourths of its board members, including the board chair, will be independent, and independent directors will be meet without management directors on a regular basis. In addition, term limits, board member requirements and limits on outside directorships were tightened. The company said the revised guidelines strengthen those established in April 2003 after it removed company founder, CEO and then-Chairman Richard Scrushy, who since has been indicted on 85 criminal counts. He maintains his innocence. Markus also has worked with Oxford Health Plans and National Health Laboratories. He will report to interim CEO Robert May and independently to the board compliance committee. -- by Julie Piotrowski
HealthSouth gets new compliance chief, board rules
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