Audit Committee Two-Part Program
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Non-Member Price: $75
This year's annual January Audit program has a new twist! We are offering a two-part program.
Session I: Audit Committee Hot Topics which will include:
1. Best practice observations for effective Audit Committee meetings and executive sessions.
2. Emerging issues – What challenges will Audit Committees be facing the next 12-24 months?
Session II: Presentation by Andy Fastow, Former Enron CFO; Rules Versus Principles: What Should Directors be Asking?
The Chicago Club offers lodging to NACD members attending this program. Please contact Bill Stout at 312-427-1825 to make your reservation.
Location and Time
Office of KPMG
200 E. Randolph St
3:00 - 3:15 PM Badge Pick-up
3:15 - 4:15 PM 2018 Audit Committee Agendas and Best Pratices Panel
4:15 - 5:15 PM Andy Fastow "Rules v. Principles: What Should Directors be Asking?"
5:15 - 6:00 PM Networking Reception
Tony AndersonPanelist In 2012, Mr. Anderson retired as the Vice Chair and Midwest Area Managing Partner of Ernst & Young, after a 35-year career with EY. In that capacity, Mr. Anderson oversaw a practice of 3,500 audit, tax, and transaction professionals serving clients through the Midwest. Mr. Anderson also served for six years in the Los Angeles area as managing partner of EY’s Pacific Southwest region. Mr. Anderson served as a member of Ernst & Young’s governing body, the Americas Executive Board. Mr. Anderson currently serves on the boards of Exelon (energy and utilities), where he is chairman of the audit committee, and member of the risk and generation committees; Avery Dennison Corporation (labeling and packaging materials), where he serves on the audit / finance and governance committees; and AAR Corp. (aerospace and defense), where he serves on the compensation committee. Mr. Anderson is also an affiliated partner with Lindsay Goldberg, a New York based Private Equity firm. Mr. Anderson previously served as a director of the Federal Reserve Bank of Chicago. Mr. Anderson is the chairman of the board of the Perspectives Charter School. He is the past chairman of the of the Chicago Urban League, board member of the Regional Transportation Authority and member of the executive committee for World Business Chicago. Mr. Anderson is a member of the American, California, and Illinois Institute of Certified Public Accountants.
Frank JaehnertPanelist Frank Jaehnert is the former President & CEO of Brady Corporation (NYSE: BRC), an international manufacturer and marketer of complete identification solutions from 2003 until his retirement in 2013. Before that he served as its Chief Financial Officer and as a divisional President. Prior to joining Brady Corporation in 1995 he held various financial positions in Germany and the US at Robert Bosch GmbH, a multinational engineering and electronics company, and the world's largest supplier of automotive components. Mr. Jaehnert received the equivalent of a Master of Business Administration degree from the University of Stuttgart, Germany. He serves on the Board of Directors of Nordson Corporation (Nasdaq: NDSN), Briggs & Stratton Corporation (NYSE: BGG), Itron, Inc. (Nasdaq: ITRI), as well as on the Board of Regents of the Milwaukee School of Engineering. He is a Member of the Board of Directors of NACD (Chicago Chapter) and NACD Board Leadership Fellow. He was a regional winner of the EY Entrepreneur of the Year program in 2008, and has been a national and regional judge of the program for many years. Frank also serves frequently as a panelist on M&A, Corporate Governance as well as Audit Committee matters.
Andy FastowSpecial Guest Speaker Mr. Fastow was the Chief Financial Officer of Enron Corp. from 1998 – 2001. In 2004, he pled guilty to two counts of securities fraud, and was sentenced to six years in federal prison. He completed his sentence in 2011, and now lives with his family in Houston, Texas. Mr. Fastow currently consults with Directors, attorneys, and hedge funds on how best to identify potentially critical finance, accounting, compensation, and cultural issues. He is also a Principal of KeenCorp, an artificial intelligence software company. Mr. Fastow received a BA in Economics and Chinese from Tufts University and an MBA in Finance from the Kellogg Graduate School of Management at Northwestern University. Prior to joining Enron, he was a Senior Director in the Asset Securitization Group at Continental Bank N.A. Since his release from prison, Mr. Fastow has been a guest lecturer at universities and corporations, and at conferences for management, corporate directors, attorneys, accountants, and certified fraud examiners. Mr. Fastow was recently keynote speaker at the United Nations’ Principles of Responsible Management Conference, the FBI’s Advanced Financial Crimes Seminar, the Association of Certified Fraud Examiners Annual Conference, the American Accounting Association Annual Conference, and the Financial Times’ Outstanding Directors Conference.
Mark ZorkoModerator Mark Zorko chairs Nominations/Governance, previously chaired Audit and Strategic Advisory and is on the Audit and Compensation Committees of Perma Pipe Int’l Holdings (NASDAQ: PPIH). He was recently appointed to the Board and Chair of the Audit Committee for Westell Technologies (NASDAQ: WSTL). He has been a public company CFO and CIO for manufacturing, service, health care and high-tech firms. His background includes over 20 years of Board experience. He has also been the interim CEO of Well Services Ltd. He also serves on the Board of Military Outreach USA, the Audit Committee of Opportunity International and was previously on the Board for St. Alexius Medical Center. Mark also serves on the NACD’s Chicago Chapter Board and has completed its Leadership Fellow certification. Mark began his career as a CPA at Arthur Andersen and Honeywell in the U.S. and Europe. He received his MBA in IT from the University of Minnesota and his BS in Accounting from The Ohio State University.