4/6/17 Houston | Talent Development, a Boardroom Imperative
The board of directors’ role in talent development is a critical issue given the widening gap between talent needs and talent resources shaped by globalization, digitization and demographic shifts, and the higher success rate of CEO’s coming from inside corporations. We welcomed private company, public company and not-for-profit board members to convene to hear the latest insights on best practices around talent development, a boardroom imperative. The panelists explored how the board performs its job well without encroaching on management’s role, best techniques for building a multi-year, multi-level internal pipeline of talent, HR’s strategic seat at the table, and how corporate culture plays into effective talent development. The panelists explored various aspects of the board’s role in CEO and C-level succession planning and the best ways to use third party advisors wisely in the succession planning process.
This seasoned program panel of directors consisted of Eileen Campbell, former VP of Human Resources for Marathon Oil, Doug Foshee, former Chairman and CEO of El Paso Corporation, and Steve Newton, Partner, Russell Reynolds, l explored these critical questions and more. Moderated by Barbara Duganier, former senior executive of Accenture and public company board director, discussions also explored insights on how to keep talent development in the forefront of the board’s strategic planning and risk assessment discussions, despite cyclical ups and downs in the company’s business.
To view the presentation in its entirety, click HERE
In addition, NACD TTC Board Member, Anna Catalano, has written an insightful blog post about the program - Talent Development Leaders Tackle Four Challengeswhich you can VIEW HERE. Is your board oversight of talent development ensuring the company successfully identifies and grows top-performers? How and when should the board plan for CEO succession? Read insights addressing these boardroom challenges and more in this blog post from the National Association of Corporate Directors and the Texas TriCities Chapter.
CEO Succession Framework for Boards
2016-2016 Board Governance Survey
Location and Time
The Junior League of Houston
1811 Brian Oaks
Houston, TX 77027
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
Barbara Duganier, ModeratorDirector, Buckeye Partners, Genesys Works, MRC Global, NACD Texas TriCities Chapter
Ms. Duganier is a member of the Board of Directors of two public companies listed on the NYSE and chairs both Audit Committees; Buckeye Partners (NYSE: BPL), a publicly-traded master limited partnership that owns and operates a diversified network of integrated assets providing midstream logistic solutions, consisting of the transportation, storage, and marketing of liquid petroleum products. Ms. Duganier is also a member of BPL’s Compensation Committee; MRC Global (NYSE: MRC) is a leading global distributor of pipe, valve and fitting products and services to the energy and industrial markets. Ms. Duganier is also a member of MRC’s Governance Committee, which includes risk oversight. Ms. Duganier is a former director and member of the Enterprise Risk Oversight and Compensation Committees of HCC Insurance Holdings (NYSE: HCC), an international specialty insurance group. She was a director on the board hat oversaw the sale of HCC for a significant premium to Tokio Marine Holdings, the largest property/casualty insurance company in Japan.
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 led Duke Energy North America’s Finance Transformation Program, as an independent consultant reporting 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 2008, received her CPA in Texas in 1981 and earned her BBA in Accounting in 1979 from John Carroll University. She is a member of the Board of Directors of the National Association of Corporate Directors (NACD) Texas TriCities. She is an NACD Governance Fellow and received the CERT Certificate in Cybersecurity Oversight from NACD developed by NACD in partnership with Ridge Global and the CERT Division of the Software Engineering Institute at Carnegie Mellon University. She is a frequent speaker on leadership and governance and is an invited judge for both the NYU Stern School of Business and the Rice University business plan competitions.
Eileen CampbellDirector, TDECU, The Rose, NACD Texas TriCities Chapter
Ms. Campbell currently serves on the Board of Directors of TDECU, a Houston-based Credit Union with $3.0B in assets. Elected to the Advisory Board in 2013 and full Board in 2015, she is Chair of the Corporate Governance and Nominating Committee, a member of the Finance Committee and also its Succession Planning and Executive Compensation Committee. She also serves as Chair of the Board for The Rose, a breast health clinic in Houston. In the non-profit sector, she is a member of the Advisory Board of the Houston Affiliate of Girls Inc. and Susan G. Komen for the Cure, where she also served as its President from 2009-2011.
Eileen has significant previous board experience on national and Houston-area non-profit boards, where she focused on better governance and fiscal stability. She was a Board Member with the National Association of Manufacturers, the American Exploration and Production Council, and the Texas Oil and Gas Association. She was past Board Chair of the National Action Council for Minorities in Engineering.
Ms. Campbell will bring extensive knowledge of best practices in board governance, gained in these corporate, private sector and non-profit boardrooms. She understands the Board Member’s role and impact. She is a member of NACD and serves on the TriCities’ Chapter Advisory Board (Austin-Houston-Dallas TX).
Ms. Campbell retired from Marathon Oil (Fortune 50) in 2014 with more than 20 years of senior leadership experience. She was Vice President of Human Resources for 10 years and Vice President of Public Policy for three. As VP of HR, she was the Secretary to the Compensation Committee of the Board, which was responsible for not only executive compensation, but also all benefit, pension, training and succession planning. In her role as VP of Public Policy, she was responsible for Marathon's relationships with government officials, both domestically and internationally. She collaborated with the Board in developing its first public policy strategy. Eileen earned a reputation for insightful and courageous questions; she was seen as an influential decision maker and trusted advisor to Marathon’s CEO and Board. She worked closely with Marathon’s Board on executive compensation. She is very familiar with Sarbanes-Oxley, Dodd-Frank and institutional investor requirements for Compensation Committees.
Eileen recently received her CCD (Certified Credit Union Director) from the University of Toronto. She is a graduate of the University of Michigan’s Ross School of Business Program in Executive Human Resources. She holds a Bachelor of Science Degree in Political Science and Economics from the University of Maryland.
Doug FosheeFounder and Owner, Sallyport Investments, LLC
Former Chair and CEO, El Paso Corporation
Director, Texas Business Hall of Fame Foundation, The Welch Foundation, and Houston Endowment, Inc.
Douglas L. Foshee has spent over thirty years in the Energy Industry and is founder and owner of Sallyport Investments, LLC. Foshee is former chairman, president, and chief executive officer of El Paso Corporation, which owned North America’s largest natural gas pipeline system and one of North America’s largest natural gas producers prior to its merger with Kinder Morgan, Inc. in 2012, one of the largest mergers in Energy Industry history.
Prior to joining El Paso in 2003, Foshee served as executive vice president and chief operating officer for Halliburton. He joined Halliburton in 2001 as executive vice president and chief financial officer. Prior to that, Foshee was president, chief executive officer, and chairman of the board at Nuevo Energy Company. From 1993 to 1997, Foshee served Torch Energy Advisors Inc. in various capacities, including chief operating officer and chief executive officer. He held various positions in finance and new business ventures with ARCO International Oil and Gas Company and spent seven years as an energy lender.
Foshee earned a Master of Business Administration degree from the Jesse H. Jones School at Rice University in 1992 and a Bachelor of Business Administration degree from Southwest Texas State University in 1982. He is also a graduate of the Southwestern Graduate School of Banking at Southern Methodist University.
Foshee has been actively involved in civic and philanthropic endeavors for many years. He founded and is a director of NextOp Vets, a non-profit organization that provides job placement assistance, mentorship, support, and education for Veterans. Additionally, he founded Houstonians for Great Public Schools, a non-profit that seeks to increase public understanding of the roles and responsibilities of school board members and to hold members accountable for high performance.
He served on the board of Small Steps Nurturing Center, a faith-based preschool for underprivileged children for over a decade.”¨In addition, Foshee currently serves on KIPP’s board of trustees, Rice University’s Board of Trustees, and the Council of Overseers at the Jesse H. Jones Graduate School of Management at Rice University. Foshee and his family have founded and continue to support scholarship programs at Rice University, separately at the Jones School at Rice University, at Baylor University, at Texas State University and at the Texas Business Hall of Fame, primarily but not exclusively for underprivileged students and military veterans.
In addition, the Foshee Family founded and funds a summer institute at Texas State University for KIPP students and provides support to Genesys Works, Cristo Rey Jesuit School, and SEARCH Homeless Services.
Foshee serves on the boards of Texas Business Hall of Fame Foundation, The Welch Foundation, and Houston Endowment Inc. He also formerly chaired the board of directors of The Federal Reserve Bank of Dallas, Houston Branch. In 2009, Foshee was appointed by the U.S. Treasury and the Federal Reserve Bank of New York to serve in a leadership role as an independent trustee of the AIG Credit Facility Trust. The Trust was established by the U.S. Treasury to hold a 77.9-percent equity interest in American International Group (AIG). The Trust ultimately sold its shares in AIG, returning all of the proceeds back to U.S. taxpayers plus a profit.
He is a recipient of the 2007 Ellis Island Medal of Honor for his commitment to helping children succeed and his leadership role in the business community. In 2008, Foshee was named Distinguished Alumni at Texas State University. In 2012 Foshee was inducted into the Texas Business Hall of Fame.
Steve NewtonArea Manager, Russell Reynolds Associates
Director, French Chamber of Commerce, Health Museum and the Society for the Performing Arts, NACD Texas TriCities Chapter
Stephen Newton is the Area Manager for Russell Reynolds Associates’ Houston and Dallas offices and is also a member of the CEO/Board Practice. He has successfully completed searches for managing directors, presidents, CEOs, COOs, and board members for prestigious organizations.
Steve joined the Russell Reynolds Associates' New York office in 1986, transferred to Paris in 1991 and after that moved to the Houston office in 1995. Until 2012, he co-led the Financial Services Sector in the Americas. Prior to joining the firm, Steve was with Bankers Trust Company in London, New York and Paris. He served as Vice President and Unit Head in the Energy Group and was responsible for the bank's relationships with energy companies in Continental Europe and Africa.
He serves on the board of the NACD Texas Tricities Chapter and the French-American Chamber of Commerce. Steve is also a board member of the Health Museum and the Society for the Performing Arts. He is a past board member of the Houston Zoo and Oilfield School.
Steve received his B.S. in international economics from the School of Foreign Service, Georgetown University. He is fluent in French and English.