NACD Board Leadership Conference NACD Chapter System

2/17/17 San Antonio | Top Hot Topics for Directors in 2017

February 17, 2017
San Antonio, TX



The year 2017 could present many challenges for U.S. public and private companies.  The NACD Texas TriCities Chapter hosted a Top Hot Topics for Directors program in San Antonio on February 17, 2017 featuring board leaders and advisors discussing some of the most pressing current issues for board members this year, including: 


Value Crises – what is the board’s role in ensuring compliance and what internal controls can a board put in place to prevent value crises and resulting brand damage?

Shareholder Activism – what is the current activism landscape and how can directors evaluate company readiness to respond to an activist shareholder?

Auditing Rule Changes and Disclosures – what is the impact of the new revenue recognition rules and what responsibility to boards have to ensure compliance?


  NACD_Top Hot Topics

Location and Time


Westin Riverwalk
420 W Market Street
San Antonio, TX 78205

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


Ruben M. Escobedo

Director, Cullen/Frost Bankers and CST Brands, Inc.

Ruben M. Escobedo is a Certified Public Accountant. He owned and operated his public accounting firm, Ruben Escobedo & Company, CPAs, in San Antonio, since its formation in 1977 through 2010. Escobedo serves as director of United Way of San Antonio and Bexar County. He is a former director of Valero Energy Corporation.

Kai Liekefett

Corporate Partner and Head of the Shareholder Activism Response Team, Vinson & Elkins LLP

Kai is the head of Vinson & Elkins’ Shareholder Activism Response Team and a corporate partner with 15 years of experience practicing in New York, Houston, London, Duesseldorf, Hong Kong and Tokyo. He has extensive experience advising companies on shareholder activism campaigns, including proxy contests. Prior to joining V&E in Houston, Kai was associated with Cravath, Swaine & Moore in New York and London and with Linklaters in Dusseldorf, London, Hong Kong and Tokyo. Kai holds a Ph.D., magna cum laude, from Freiburg University; an Executive MBA, summa cum laude, from Munster Business School; and an LL.M., James Kent Scholar, from Columbia Law School. He is admitted to practice in New York, Texas and Germany.

Rocky Dewbre

Director, CST Brands, Tank Owner Members Insurance Company, SHOPCO USA, Inc.
Rocky Dewbre is a native Texan and holds a Bachelor in Accounting and Management Information Systems from Texas Tech University, a Master in Business Administration from the University of Texas in Austin, and is a registered Certified Public Accountant in Texas.

Mr. Dewbre has over 23 years of experience in public and private businesses in the energy, distribution and multi-unit retail sectors. From 2014 to 2015, Mr. Dewbre served as Executive Vice President, Channel Operations of Sunoco LP (NYSE: SUN), which operates approximately 900 convenience stores and retail fuel sites and distributes motor fuel in over 30 states to approximately 6,800 sites. Prior to that, Mr. Dewbre spent 22 years in leadership roles at Susser Holdings Corporation (NYSE: SUSS) and Susser Petroleum Partners LP (NYSE: SUSP), including as President and Chief Executive Officer of Susser Petroleum Partners LP, until Susser Holdings Corporation was acquired by Energy Transfer Partners in 2014. During his career at Susser Holdings, the company’s revenue grew from $40 million to over $6.2 billion. which included 18 acquisitions, two rounds of private equity funding, an initial public offering, and a spin-off of the wholesale fuel business into a master limited partnership. Before joining Susser Holdings Corporation in 1992, Mr. Dewbre was a corporate internal auditor with Atlantic Richfield Corporation from 1991 to 1992 and an auditor and consultant at Deloitte & Touche LLP from 1988 to 1991.

Mr. Dewbre currently serves on the boards of directors of CST Brands, Inc., Tank Owner Members Insurance Company, and SHOPCO USA, Inc.

Milam Newby

Managing Partner, Vinson & Elkins - Austin

Milam is a corporate attorney who represents clients including start-ups, Fortune 500 companies, venture capital firms, and other private and public equity investors in private financing transactions, private and public securities offerings, mergers and acquisitions, management buyouts, debt financing, joint ventures and strategic alliances, and other business transactional matters.

Over the last 10 years, he has developed a particular emphasis on representing emerging companies and investors in private financing transactions—guiding them throughout the entire financing process, from startup to exit. Milam also advises public and private companies on issues related to organization, capital structure, stock incentives, governance, litigation risk management, securities law compliance, and disclosure. He has led transactions across a variety of industries, including technology, life sciences, energy, and financial services. Milam is the Managing Partner of Vinson & Elkins' Austin office.



2 NACD skill-specific credits

Question about this Event?

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