Posts Tagged ‘US Economy’

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.

Risk Assessment: Expect the Best, Plan for the Worst

July 15th, 2011 | By

Organizations face risk on multiple levels and from an enormous range of factors. And being seen as a “high-risk” company certainly impacts valuation. Of the many concerns for risk managers today, two of the biggest are global economic uncertainty and information technology.

For boards concerned with how different economic forces will impact the corporations they oversee, today’s environment provides plenty of challenges and opportunities. Last month, the Wall Street Journal reported that as the Federal Reserve’s latest economic stimulus initiative (QE2) comes to a close, investors are keeping a close eye on their portfolios and shying away from riskier assets. According to a recent Bloomberg article, after his recent meeting with German Chancellor Angela Merkel, President Obama made it clear that U.S. economic growth is still at risk from the precarious economic situation in Europe.

Cyber attacks that lead to data theft threaten not only the valuable information a company might possess, but the trust and confidence of its investors as well. Just ask Sony, Epsilon and RSA Securities, who all recently suffered data breaches.

In a letter to Senate Commerce Committee Chairman Jay Rockefeller (D-WV), the Securities and Exchange Commission (SEC) recently stated that publicly traded companies should disclose the threats and potential impacts of cyber attacks. The SEC guidance came in response to a letter sent by Senator Rockefeller, who noted that “it is essential that corporate leaders know their responsibility for managing and disclosing security risk.”

Because of these new oversight and risk management demands and higher stakes for corporate boards, NACD is offering two separate sessions discussing risk assessment and management at this year’s NACD Board Leadership Conference in Washington, DC from October 2-4.

The Reshaping the Risk Agenda session features expert speakers who will explore possible blind spots in risk assessment and the implementation of early warning systems, as well as the importance of scenario planning. A major focus of the panel’s discussion will be the board’s role in overseeing risk versus avoiding risk in the current economic environment.”

This year’s conference also offers a Risk Board Committee Forum where professionals from the leading global management consulting firm Oliver Wyman will discuss methods for improving oversight processes and examine the links between strategy and risk. A special focus of this forum discussion will include the board’s role in overseeing IT risk.

NACD understands that the best way to mitigate risk is through education and learning from people who have already been on the front lines battling these issues—and winning. That is why we want you to be there to share your experience and hear from your peers.

To register for the NACD Board Leadership Conference, go to nacdonline.org/conference. Early-bird discounts are in effect until July 31.  Additionally, for directors and executives from NASDAQ-listed companies to save 10 percent on registration prices, please enter coupon code OMXSAVE. To register or ask questions in person, please email registration@NACDonline.org  or call 202-572-2088.