9:00 AM-9:30 AM Extended Q & A /Meet & Greet w/ Panelists
This event bestows 2 certification credits based on the content presented.
The accelerating pace and intensifying complexity of change are leading to the emergence of a fundamentally different operating reality than incumbent executives and directors have experienced in their careers to date. This shifting business paradigm has profound and immediate implications for boards, and these implications will intensify dramatically over the next 5 to 10 years. These implications are not new, but there is no doubt that all of them have recently become more acute and now pose an urgent challenge to board leaders.
The report of the 2019 Blue Ribbon Commission, Fit for the Future: An Urgent Imperative for Board Leadership, offers board leaders a blueprint to lead their boards into the future and positions boards to help their companies meet the challenges of the future. We have assembled an outstanding panel, not only consisting of seasoned board directors, but also BRC commisioners,NACD Director of the year,and Director 100 honorees. Discussion topics include:
How does the board address change in a board leader, committee chairs and membership on committees?
What are organizations proactively doing to introduce structural change in board committees? i.e. ESG committee, IT comittee, and the board's agenda?
Are there creative ways the board can manage the expansion of their oversight in a finite period of time?
What are creative ways of providing continuous learning for board members given different tenures and backgrounds?
Chief Governance Officer, SVP, and Corporate Secretary
Ms. Foran is Chief Governance Officer, Senior Vice President and Corporate Secretary of Prudential Financial, Inc. Her role at Prudential also includes oversight of the Company’s Shareholder Services and Sustainability divisions.
She has been a corporate governance leader throughout her career at Sara Lee Corporation, Pfizer, Inc. and J.P. Morgan & Co., Inc. Ms. Foran is a director on the board of Occidental Petroleum Corporation and Chairperson of its Executive Compensation Committee. She is also a member of its Corporate Governance, Nominating and Social Responsibility Committee. Ms. Foran is also a director on the board of Orion Group Holdings, Inc. and serves on its Compensation and Nominating and Corporate Governance Committees. In addition, she previously served on the Board of Directors of The MONY Group Inc. and MONY Life Insurance Company.
Her proactive shareholder outreach and thought leadership on key governance issues has earned her global recognition as a leader in corporate governance. She has been recognized as one of the Most Influential People in Corporate Governance by Directorship Magazine for five consecutive years. In 2011, she was identified by Treasury and Risk Magazine as one of the Most Influential People in Finance. In 2013, Corporate Secretary Magazine named Ms. Foran “Governance Professional of the Year". In 2015, Ms. Foran received both the Linda Quinn Lifetime Achievement Award from TheCorporateCounsel.net, and Corporate Secretary Magazine’s Lifetime Achievement Award.
Ms. Foran currently serves as an active member of many influential advisory boards including as a liaison to the American Bar Association’s Commission on Diversity and the Corporate Law Committee, Catalyst’s Advisory Board, the Weinberg Center for Corporate Governance’s Advisory Board, NACD’s Nominating and Governance Committee Chair Advisory Council, the Center for Audit Quality (CAQ) Stakeholders’ Advisory Panel and Cybersecurity Advisory Panel, the International Integrated Reporting Council, the International Corporate Governance Network’s Corporate Risk Oversight Committee, and, the Society for Corporate Governance’s Environmental & Social Working Group, Executive Director of Prudential’s Sustainability Council, and Executive Sponsor of Prudential’s ADAPT initiative.
Ms. Foran received her B.A., magna cum laude, and J. D. degrees from the University of Notre Dame. She is admitted to the New York, Illinois, Pennsylvania, and New Jersey (In-house) Bars.
MICHELE J. HOOPER is President and CEO of The Directors’ Council which consults with major companies to improve the effectiveness of their corporate governance. With 30 years of corporate board experience, Michele is an audit committee financial expert with over 20 years experience chairing audit committees of several global companies, a highly-regarded governance expert and business leader. In 2017, Michele was selected as NACD’s Director of the Year. She currently serves on the corporate boards of directors of PPG Industries, Inc., UnitedHealth Group (Chair, Nominating and Governance), and United Continental Holdings. Michele previously served on the boards of directors of Target Corporation, Seagrams, Warner Music Group and AstraZeneca.
Michele is a senior advisor for PJT CamberView Partners and also serves on the Smithsonian National Board. Michele retired from the boards of the National Association of Corporate Directors (NACD) and the Center for Audit Quality (CAQ) where she was Chair of the CAQ Working Group focused on Deterring and Detecting Financial Reporting Fraud.
Previously, Ms. Hooper served as President and Chief Executive Officer of Voyager Expanded Learning and of Stadtlander Drug Company, Inc. Prior to joining Stadtlander, Ms. Hooper was Corporate Vice President, Caremark International Inc, and President of the International Business Group, responsible for the expansion of Caremark into Europe, Canada and Japan. Ms. Hooper began her career at Baxter International and as President of Baxter Canada, Ms. Hooper led Canada’s largest health care and laboratory supplies company.
Novich is the retired Chairman, President and CEO of Ryerson. Prior to its sale to private equity in October of 2007, Ryerson was a Fortune 500 company with sales of $6 billion and was one of the largest global metals fabricators, processors and distributors with operations in North America and joint ventures in Mexico, India and China. It had over 100 locations and 60,000 customers.
Prior to joining Ryerson, Novich was a partner with Bain & Co., an international management consulting firm serving the health-care, consumer-goods, retailing, manufacturing, banking, distribution, and high-tech/telecom industries.
He has also been a software and mechanical engineer and worked in the insurance and defense industries. He has a degree in physics from Harvard University and masters’ degrees in nuclear engineering and in management from MIT. He also has multiple certificates in Machine Learning and Analytics from IBM/eDx, as well as multiple certificates in Cyber Security from RIT/eDx.
Novich currently serves on the boards of W.W. Grainger, Inc. (prior Comp Chair, current Cyber Ad Hoc, N&G and Audit member), Analog Devices (prior Comp Chair, current Audit member), Hillenbrand (prior Comp Chair, current Audit Chair) and Beacon Roofing Supply (Compensation Chair, prior Audit Chair). He is also a Trustee of the Field Museum of Natural History and advises a variety of startup companies in Chicago.
Ms. Koors is a senior managing director with Pearl Meyer and president of the firm’s Western region. She has 30 years of experience in executive compensation and governance, and has consulted to companies of all sizes and industries. She advises company boards and management teams on all aspects of strategic human capital decision-making. As an advisor, she helps companies deconstruct their long-term value creation objectives into tailored HR strategies that go beyond simple competitive parity – designing programs that consider a company’s specific business strategy, management talent and corporate culture.
A noted expert in the field, Ms. Koors has been quoted in publications such as The New York Times, The Wall Street Journal, and Financial Times. She has appeared on CNN’s MoneyLine, NBC Nightly News, and has spoken at numerous seminars on executive and director compensation issues. Ms. Koors is an NACD Governance Fellow, and serves as faculty for the NACD’s Director Professionalism and Master Class programs. She is also responsible for Pearl Meyer’s annual Director Compensation Study, published in conjunction with the NACD. In 2019, she was named for the twelfth time to the D100 list of the most influential people in corporate governance.
Ms. Koors received her BA from Wellesley College, and is a member of the Wellesley College Business Leadership Council. She is on the Board of Directors for The Big Shoulders Fund in Chicago, and the Advisory Board for the Berger Institute of Claremont McKenna College.