Posts Tagged ‘Ellen Kullman’

Keep a Steady Focus on Strategy, but Incorporate Flexibility

January 17th, 2013 | By

For nearly three years, the boardroom maintained a consistent response to a tumultuous marketplace. Whether it was following the 2008-2009 financial crisis, navigating an economic recovery unlike any other, or facing a debt crisis with global implications, reaction from directors seemed to stay the same. Year over year, NACD’s Annual Governance Surveys did not register significant upheavals in methods or structures used. Areas of high priority continue to be strategic planning and oversight, corporate performance and valuation, and risk oversight.

NACD’s Board Confidence Index (BCI), a measure of the boardroom’s attitude toward the state of the economy, told a similar story. Although the index would fluctuate by a few points from quarter to quarter, confidence remained in the slightly optimistic side of uncertain.

This changed last fall when the nation was forced to address the pending fiscal cliff. At November’s NACD Directorship 100 event, DuPont Chairman and CEO Ellen Kullman remarked that uncertainty over future regulatory activity and the general economy had led her company to reevaluate major investments for 2013. Uncertainty in the future of the economy and consumer demand also significantly impacted Coca-Cola’s decisions to make capital investments, according to presiding director James D. Robinson III.

Just a few weeks later, results from the fourth quarter BCI further demonstrated how the economy affected the boardroom. Although the overall index score remained on the positive side of uncertain (51.8), for the first time responding directors indicated outright pessimism in the state of the economy in the next three months. Directors also echoed the statements made at NACD Directorship 100: In preparation for 2013 nearly half (47%) had reassessed corporate strategy.

The need to focus on strategy was also confirmed at NACD’s recently held Master Class in Naples, Florida. Although sessions were designed to address the new and emerging risks entering the boardroom, discussions often returned to the importance of strategic planning in uncertain times. Both panelists and attendees agreed that directors need to keep a steady eye on the established strategic plans at hand.

This recommendation is not without caveat. With a maintained focus, directors should not relegate a discussion on strategy to an annual event. Instead, the established strategic plans should be woven into every board meeting and discussion. Furthermore, plans should be adjusted to incorporate flexibility from the boardroom. This includes shorter response times that are now necessary to address situations that could be presented by emerging methods of communication and rapidly changing technologies.

A Gathering of Leaders: Who’s Driving America’s Economic Recovery?

November 9th, 2012 | By

The 2012 campaign season was predictably dominated by debate on how to jump-start America’s stalled economy. This topic was the focus of more than the presidential race; it seems nearly every candidate for office—national, state, and local—weighed in on job growth and the best policies to promote it.

Now that the noise has died away, we need to get down to business. To that end, this year’s NACD Directorship 100 Forum will focus on the theme of “Reinvigorating America” as several hundred of the men and women who sit on the boards of America’s leading companies share insights and exchange ideas on practical solutions to the critical problems ahead.

The NACD Directorship 100 Forum, which occurs on November 27 in New York City, congregates a veritable Who’s Who of battle-tested directors. As much as any public official, these are the people who will play a key role in helping the United States move forward. The services they render to investors, employees, and customers affect economic performance at every level in every locale. The entire public is their stakeholder.

Marjorie Bowen, a director for Euramax, Talbots, and Global Aviation, summed it up neatly: “There is no other gathering that allows corporate directors to share ideas, learn from one another and experts, and get updated on the key topics facing directors in today’s volatile market environment.”

The keynote speaker is David Walker, former U.S. Comptroller General, Government Accountability Office. He will present a compelling and practicable “Road Map for the Future.” Other speakers include:

  • Ann Fudge, director, General Electric
  • Ellen Kullman, chairman and CEO, E.I. du Pont de Nemours and Company
  • James Robinson III, director, Coca-Cola
  • Robert Denham, lead director, Chevron

The NACD Directorship 100 Forum is an opportunity to learn from today’s leading authorities. To join us, register here. For a full program agenda, click here.

NACD Directorship 100: Why Leading Corporate Directors Attend

October 31st, 2012 | By

Corporate directors today face a growing list of oversight responsibilities—from meeting regulatory requirements to providing strategic insights, leadership, and direction to executive teams.

At the upcoming NACD Directorship 100 Forum, corporate directors have a unique opportunity to not only engage with peers, but also to gain fresh perspectives from experts in the boardroom. Held on Tuesday, Nov. 27, 2012, in New York City, this event packs a punch—providing numerous leading sessions in just one day.

Tenet HealthCare Chairman and retired Global Chairman and CEO of Deloitte, Ed Kangas, said the NACD Directorship 100 Forum is “the best value in boardroom education.” For directors looking to stay ahead of the curve, Kangas recommends making “it a priority to attend. The selection of speakers and topics are top shelf.”

This event couples exclusive director education and networking sessions with recognition of leading corporate directors during a gala dinner.

Forum speakers include: Ann Fudge, director, General Electric; Ellen Kullman, chairman and CEO, E.I. du Pont de Nemours and Company; James Robinson III, director, Coca-Cola; Robert Denham, lead director, Chevron; and David Walker, former U.S. Comptroller General, Governance Accountability Office. Click here to view the full agenda and speakers

Michael Pocalyko, chairman, TherimuneX Pharmaceuticals and managing director and CEO, Monticello Capital LLC, views the NACD Directorship 100 Forum as a “must-attend event for boardroom leaders who are committed to the directorship profession.” According to Pocalyko, the forum has something for directors of all levels of experience: “From the highly interactive knowledge exchange roundtables, to the timely and relevant panel discussions, even the most experienced directors will walk away with fresh approaches to boardroom leadership.”

Closely following an important presidential election, the forum topic of “Reinvigorating America” is as timely and important as ever. Although seating at this year’s NACD Directorship 100 Forum is limited, there’s still time for you to join us and the “who’s who” of the governance community on Nov. 27, 2012, in New York City.

Register here for an unparalleled opportunity to learn, network, and discuss key issues confronting your board.