NACD Board Leadership Conference NACD Chapter System NACDonline.org

09/03/15 | The Director's Role Outside the Boardroom

Classroom
September 3, 2015
Houston, TX


Overview

 

The Director’s Role Outside the Boardroom

Investors and shareholders continue to be more vocal about what they expect out of boards.  This proxy season was much different as some major investors sent out letters to management saying they did not want to just hear from companies during proxy season and that they wanted to have opportunities to meet directly with board members. Some sense they want access to Chairs, Lead Directors and Compensation Committee Chairs to discuss and understand the company's philosophy and strategy better.   In the wake of these unprecedented moves and continued scrutiny, directors are challenged to reassess their role as it relates to the level of engagement they have outside the boardroom.  Our panel wtackled this issue and others including proxy access, media messaging, and board and management communication as we investigate the shifting role of a corporate director.  How far is too far?

 

To view the recorded session of this program, Click HERE


Documents

 
  Program Presentation
  Speaker Key Takeaways
  Vanguard Chairman Letter
  SDX Investor Letter
  Program Summary_090315


Photos

 


Location and Time

 

Junior League of Houston
1811 Briar Oaks Lane
Houston, TX, USA 77057


7:00 am Registration / Networking / Breakfast Buffet Opens
7:30 am Breakfast / Roundtable Introductions and Topic Discussion
7:50 am Program Presentation Begins
8:30 am Audience Q&A
9:00 am Adjourn Presentation

9:15 am Final Networking



Speaker Spotlight

 

William Gentry Lee, Jr

President – Fayez Sarofim & Co.

Director – The Sarofim Group, UT Health Development, St. John’s School, The Carruth Foundation

William Gentry Lee, Jr. is the President of Fayez Sarofim & Co., a Director of The Sarofim Group and a member of Fayez Sarofim & Co.’s Executive and Investment Committees. In addition to overseeing the Firm’s investment, client service and business operations, he is a co-manager of the mutual funds that Fayez Sarofim & Co. manages for The Dreyfus Corporation. He is also a portfolio manager for a variety of institutional and high net worth clients. Mr. Lee joined the Firm in 1998 as an Associate. Over the years, areas of research responsibility have included beverages, technology and transportation.

Mr. Lee received a M.B.A. with High Distinction from Harvard Business School in 1998, where he was a Baker Scholar and a B.A. with High Honors in Economics from Vanderbilt University in 1994, where he graduated summa cum laude. He was also elected to Phi Beta Kappa. Prior to joining Fayez Sarofim & Co., he was employed as a Financial Analyst with Enron Capital & Trade Resources.

Mr. Lee serves on the board of St. John’s School, the Carruth Foundation and the UT Health Development Board. Previously, he was a board member of the Memorial Park Conservancy and Co-President of the Houston Vanderbilt University Alumni Chapter.

Sarah Teslik

Senior Vice President – Communications, Public Affairs and Governance,

Apache Corporation

SARAH B. TESLIK was appointed senior vice president – Communications, Public Affairs and Governance in May 2014. She previously served as senior vice president – Policy and Governance since October 2006.

Prior to joining the company, she was chief executive officer of the Certified Financial Planner Board of Standards, Inc. from November 2004 to October 2006, and executive director of the Council of Institutional Investors from July 1988 to October 2004.

Teslik holds a bachelor’s degree from Whitman College, a master’s degree from Oxford University, and a juris doctorate from Georgetown University.

Barbara Duganier

Director - Buckeye Partners (NYSE: BPL), MRC Global (NYSE: MRC), HCC Insurance Holdings (NYSE: HCC)

Ms. Duganier is the Chairman of Buckeye Partners Audit Committee and a member of its Compensation Committee. BPL is a publicly-traded master limited partnership that owns and operates a diversified network of integrated assets providing midstream logistic solutions, primarily focused on the transportation, storage, and marketing of liquid petroleum products. At MRC, Ms. Duganier is a member of the Audit Committee. MRC Global is in the oilfield services sector as the leading global distributor of pipe, valve and fitting products and services to the energy and industrial markets. Ms. Duganier is a member of HCC’s Enterprise Risk Oversight Committee and its Compensation Committee. HCC Insurance Holdings is an international specialty insurance group that underwrites non-correlated specialty insurance products worldwide.

Barbara's most recent corporate experience was with Accenture. Between 2004 and 2013, she was a senior leader with Accenture's Outsourcing business, which accounted for ~50% of corporate revenues, and of the Resources Operating Group serving energy, chemicals, utilities and mining companies. Her executive roles included Chief Strategy Officer, Global Growth and Offering Development Lead, and Global Finance Business Services Lead. She was a successful Sales Executive with Accenture as well.

Her most tenured corporate experience was with Arthur Andersen, where for 23 years (1979-2002), Barbara served in C-suite and increasingly responsible business leadership roles. She was an equity partner for the final 12 years, in audit for a decade and for 10+ years in financial consulting. Barbara served as Andersen’s Global CFO during the challenging last two years of the company’s history. She was chosen Global CFO after being one of eight finalists in an intensive Global CEO selection process. Prior, she was Partner-in-Charge (P&L) of the Southwest Region Business Consulting Practice and earlier still, was Partner-in-Charge of the US Strategy, Finance and Economic Consulting Business. Barbara was selected for firm-wide leadership roles on major committees, including the Nominating Committee (Board selection), US Executive Council, and Chairman’s Advisory Council (Selected to serve by the CEO), where she was Vice-Chair.

Between Andersen and Accenture, Barbara was retained by Duke Energy North America to lead their Finance Transformation Program, reporting directly to the CEO. Ms. Duganier is the former National Board Chair of Genesys Works, a national not-for-profit connecting at-risk students to career opportunities. She is currently Chair of the National Nominating and Governance Committee; she was previously Audit Committee Chair as well as active with the local Houston Board.

Barbara completed INSEAD’s Executive Education Program in 2007, received her CPA in Texas in 1981 and earned her BBA in Accounting in 1979. She is a member of the National Association of Corporate Directors (NACD) and a frequent speaker on business and leadership. She is an NACD Governance Fellow and on NACD’s Houston Board of Director Advisors and Program Committee.

Accreditation

 




Question about this Event?

Contact Texas TriCities Chapter 5847 San Felipe Plaza, Suite 1700, Houston, TX, 77057 phone: 713-821-1403 fax: 713-821-1401 email: becky@nacdttc.org