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What is a monitorship?

What is a monitorship? Here are some definitions.

Noun
  1. The status of serving as a monitor
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Examples
I received a flood of e-mail after I wrote about the joys of dual monitorship.
However, there is also a need for flexibility to tailor a monitorship to the specifics of a company and its particular organizational environment.
I have come to know these men quite well during the course of this monitorship.
Stamboulidis on the monitorships and is currently managing a team of attorneys and forensic specialists on the Bank of New York Mellon monitorship.
Hauck also has extensive investigative, reform and oversight experience that will help clients involved with investigations, examiner and monitorship engagements.

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