NACD Board Leadership Conference NACD Chapter System

3/3/16 Houston | Constructive Failures

March 3, 2016
Houston, TX



Constructive Failures:  What to do when a crisis occurs and how to remediate to prevent future failures.

Every company will face a crisis at some point. It could be a government investigation, data breach, product recall, or other significant event. And with the heightened scrutiny of social media and the 24-hour news cycle, a PR Misstep or leadership scandal can tarnish a long-standing solid brand, raise doubts about effective oversight, or even crush the bottom line.  With only 15% of companies remaining today from the original 1955 Fortune 500 list, it beckons directors to take notice and learn from recent failures and missteps.   Corporate directors and business students alike have no shortage of cases to study over the last few years alone.  Local NACD members and experts joined in strategic communication, crisis planning, and corporate turnarounds and discussed constructive failures and board oversight.  Panelists covered stories relating to the current state of the energy crisis, lessons learned from Volkswagen, and turnaround successes at E*TRADE.  


To view the program in its entirety, click HERE


  PowerPoint Presentation 30316
  Strategic Risk White Paper
  Role of the Board in ERM
  Key Takeaway Document 3/3/16



Location and Time


Junior League of Houston
1811 Briar Oaks Lane
Houston, TX 77027

7:00am   Check-in and Networking Breakfast

7:30am   Roundtable Discussions

7:45am   Panel Discussion and Audience Q&A

9:15am   Closing and final networking

Speaker Spotlight


Brian Kennedy Moderator

Senior Managing Director, Energy Sector Leader (Americas) – Strategic Communications, FTI Consulting

Brian Kennedy is a senior managing director at FTI Consulting and chair of the Global Energy & Natural Resources practice in the firm’s Strategic Communications segment. He also serves as a co-leader of FTI’s firm-wide Energy, Power, and Products consulting group.

Mr. Kennedy oversees FTI’s multidisciplinary team of corporate, crisis, financial, litigation, regulatory and advocacy communications professionals that specialize in the energy sector. With nearly 20 years of experience in energy-and-natural resources-related communications, national media affairs and public policy advocacy, Mr. Kennedy provides strategic counsel to energy companies facing complex communications challenges associated with financial and operational crises, investigations, major litigation, mergers and acquisitions, shareholder activism, and federal legislative and regulatory threats. His current and former clients include companies that span the spectrum of both major integrated and independent oil and gas producers; oilfield services, pipeline and petroleum refining companies; coal and hard rock mining concerns; and electric utilities. Following the Macondo incident in the Gulf of Mexico in 2010, Mr. Kennedy served as chief spokesman and public and government affairs strategist for Transocean Ltd.

Prior to joining FTI Consulting, Mr. Kennedy served in a variety of communications and public policy roles in Congress, including Press Secretary for former Speaker of the U.S. House of Representatives, John A. Boehner (R-OH), Deputy Chief of Staff and Director of Communications for the House Committee on Natural Resources, and chief spokesman for both the Speaker’s Task Force for Affordable Natural Gas and the House Energy Action Team (HEAT). During his time in Congress, he worked on the development and passage of legislation including the Energy Policy Act of 2005, the Deep Ocean Energy Resources Act of 2006, the Threatened and Endangered Species Recovery Act, and other energy and environment-related bills. Mr. Kennedy also ran several successful Congressional elections campaigns.

In 2014, Mr. Kennedy was recognized by the M&A Advisor on its annual “40 Under 40” list and, previously, by the National Journal as one of the “Power Players to Watch” in Washington, D.C. He holds a B.A. from the College of the Holy Cross in Worcester, MA.

Michael Marquardt

Founder and CEO, Global Kompass Strategies, Inc.
Director, Commonwealth Trust Company, Asia Assistance International, American Cancer Society’s South Atlantic Division (Chairman), and ACS Cancer Action Network

Michael serves as a global business advisor to corporations in the United States, Europe, and Asia. He works closely with the CEO and members of the senior leadership team on issues strategic to the enterprise and advises Audit Committees and Boards of Directors on effective risk management measures, corporate governance, and emerging technology issues.

Since 2007 Michael has served as the independent non-executive Chairman of a large healthcare logistics and technology company based in Kuala Lumpur, Malaysia, with offices in ten countries. In the United States, he serves on the Board of Directors of Commonwealth Trust Company, an independent trust company with more than US$17 billion in assets under administration.

Soon after founding his global risk management firm, former FBI Director Louis J. Freeh asked Michael to serve as the company's first president. He also assisted with the group's business development efforts in Europe years later.

Michael grew up in Berlin and immigrated into the United States two years after witnessing the fall of the Berlin Wall in 1989. He had the opportunity to lead a fast-growing technology company in the Detroit area before being recruited to lead a new start-up venture in late 1999. He served for seven years as co-founder and chief executive of MediGuide and led the company's marketing and business development initiatives in Europe and in the Asia-Pacific region.

Michael graduated from the University of Virginia and the University of New England, is a board leadership fellow of the National Association of Corporate Directors (NACD), and a member of the Young Presidents’ Organization (YPO), and the Aircraft Owners and Pilots Association (AOPA).

Following his personal passions, he serves on several non-profit organization boards in the United States, including the American Cancer Society, where he currently serves as Chairman of the Society’s largest Division (covering nine U.S. states) and nationally on the board of the ACS Cancer Action Network (ACS CAN). Michael and his wife Claire are passionate wine collectors.

James Lam

President, James Lam & Associates
Director and Chairman of the Risk Oversight Committee, E*TRADE Financial Corporation

In November of 2012, Mr. Lam was appointed to the Board of Directors of E*TRADE Financial Corporation (NASDAQ: ETFC). Upon his appointment, he was named Chairman of the Risk Oversight Committee and a member of the Audit Committee.

Mr. Lam is currently President of James Lam & Associates, a risk management consulting firm he founded in January 2002. He works with corporate directors and executives of large, complex organizations including financial institutions, energy firms, multi-national corporations, regulatory agencies, and non-profits. In a Euromoney survey, Mr. Lam was nominated by clients and peers as one of the world’s leading risk consultants. He previously served as Founder and President of ERisk, Partner of Oliver Wyman, Chief Risk Officer of Fidelity Investments and Chief Risk Officer of GE Capital Markets Services.

Mr. Lam is the author of Enterprise Risk Management: From Incentives to Controls, which has ranked #1 best-selling among 25,000 risk management titles on The book has been translated into Chinese, Indonesian, Japanese, and Korean. Mr. Lam is a member of the COSO ERM Advisory Board that has been commissioned to update and improve the COSO ERM Framework.

In 1997, Mr. Lam received the inaugural Risk Manager of the Year Award from the Global Association of Risk Professionals. For three years (2005, 2006, and 2008), Treasury & Risk Management magazine named him one of the “100 Most Influential People in Finance.”

Mr. Lam graduated summa cum laude with a B.B.A. from Baruch College in 1983 and received an M.B.A. with honors from UCLA in 1989. Mr. Lam has taught M.B.A. classes at Babson College and the Hult International Business School. He has also guest lectured at Harvard Business School.



Question about this Event?

Contact NACD Texas TriCities Chapter 5773 Woodway Dr, Box 258, Houston, TX, 77057 phone: 832-369-7110 email: