The health sector regulator - Monitor - says it won't be taking formal enforcement action against the Royal Berkshire NHS Foundation Trust after it repeatedly breached A and E targets.
An investigation was launched last August after the hospital failed to see ninety five per cent of patients within four hours - three times in less than two years. Monitor says the trust is taking the right action to improve how it's run.
Paul Streat, Regional Director at Monitor, said: "We have looked very closely at how this trust is being run and we have decided that its management is taking the necessary steps to improve its performance for patients."
The Chief Executive of the Royal Berkshire NHS Foundation Trust - Ed Donald, has announced that he is stepping down after four years in the post.
He said: “It has been a privilege to be the Chief Executive of the Royal Berkshire, which is a good Foundation Trust, with great staff and local support.”
"We have positive working relationships with our partners across Thames Valley and the Oxford Academic Health Science Centre.
"We benefit from a long tradition of strong partnership work with our local GPs, health and social care partners and this will continue to be critical to the success of the Trust in the years ahead.
"For now , I am looking forward to spending more time with my family over the festive period before starting a new work venture in the New Year.
"I wish every member of the Royal Berkshire team well and look forward to watching the Trust go from strength to strength. I will miss catching up with frontline teams and patients.
"Learning about and supporting the life saving and life changing work we do every day made being Chief Executive, one of the most complex and challenging roles in the public sector, worthwhile."