NACD 2015 Vol 5_r5

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Transcript of NACD 2015 Vol 5_r5

  • 1Stay Connected: southerncalifornia.nacdonline.org

    Voice of the Director

    The rst sentence of NACDs mission statement is: NACD advances exemplary board leadership for directors, by directors. This captures your chapter leaderships unrelenting pursuit to create the best peer-to-peer experiences possible. From our chapter-wide programs to our industry and board committee roundtables to our special events, we are committed to creating environments where directors share with and learn from each other.

    Subject matter experts that are not directors can be important sources of information. Accounting, advisory, consulting and law rms all provide wonderful data, insights and venues for directors to consider, consume and attend but we know that directors cherish the wisdom and perspectives garnered through real-life boardroom experience. It is the way we, as corporate directors, build our skills and knowledge base.

    It would be easy to spend all day consuming white papers, research reports, and studies. That is useful but insucient. The next time you receive one of our invitations to an event, program or roundtable consider the unique peer-to-peer experience you will be missing if you dont attend.

    Nationally, NACD has now surpassed 16,000 members, which means that 16,000 corporate directors are committed to improvement though education, collaboration and

    participation. The last sentence of NACDs mission statement captures our commitment to YOU, the corporate director: Our entire organization is focused on meeting the needs of board members, and supporting directors to perform more eectively and eciently. We do this better when we are together... for directors, by directors.

    As we return from summer, we are looking forward to another year of programs that cover a variety of the most challenging issues facing directors. In early July, your chapter board held its annual retreat, and programming for the 2015-2016 year was a primary area of focus. While our Programs Chair Hoshi Printer is leading the eort to ll our programming calendar completely, we already have a number of events scheduled, several of which are in

    collaboration with partner organizations such as the University of Southern California (USC) and the National Investor Relations Institute (NIRI):

    October 5, 2015: 2016 Executive Compensation lunch at the California Club

    October 8, 2015: Kick-off event for the new USC Family Business Program (breakfast through mid-afternoon at The Jonathan Club)

    October 16, 2015: Global Economy, Cyber Security and Investment Implications, Camarillo

    November 12, 2015: USC Corporate Directors Forum (full day event at the California Club)

    February 16, 2016: Chairs Spotlight Lunch with Maggie Wilderotter, Chair of Frontier Communications Board

    A number of additional programs are in the planning stages, including events that are targeted for San Diego and Las Vegas. Current information on upcoming programs is always available at our website, www.southerncalifornia.nacdonline.org.

    We look forward to seeing you at one or more of our upcoming programs!

    September 2015 Vol. 5

    http://southerncalifornia.nacdonline.org

    Message From The President

    Chairmans Corner

    David L. RosenblumChapter President

    M. Christian MitchellChapter Chairman

    southerncalifornia.nacdonline.org

    Message From The President ...................................................................1Chairmans Corner ........................................................................................1Upcoming Events .........................................................................................2NACD Directorship 2020 with Fay Feeney...........................................2Members in the News .................................................................................4Recent Events ................................................................................................5Welcome New Full Board Members.......................................................7Newsworthy Members and Sponsors ...................................................8Sponsor Highlights ................................................................................... 11

    Inside This Edition

    1Stay Connected: southerncalifornia.nacdonline.org

    Voice of the Director

    1Stay Connected: southerncalifornia.nacdonline.org

    Voice of the Director

    Stay Connected:

    https://southerncalifornia.nacdonline.org/Events/EventDetail.cfm?ItemNumber=18440https://southerncalifornia.nacdonline.org/Events/EventDetail.cfm?ItemNumber=18441https://southerncalifornia.nacdonline.org/Events/EventDetail.cfm?ItemNumber=18441https://southerncalifornia.nacdonline.org/Events/EventDetail.cfm?ItemNumber=18482https://southerncalifornia.nacdonline.org/Events/EventDetail.cfm?ItemNumber=18482http://www.southerncalifornia.nacdonline.orghttp://southerncalifornia.nacdonline.orghttp://southerncalifornia.nacdonline.orghttps://www.youtube.com/user/NACDVideos1https://twitter.com/NACDhttps://www.linkedin.com/groups?home=&gid=3733380&trk=anet_ug_hmhttp://www.nacdonline.org/

  • Big congratulations to Rafael Pastor who recently was appointed as Board Member of our Southern California Chapter, The National Association of Corporate Directors.

    As a risk professional, I like to think about how board members can assist management with navigating various issues. The issue on my mind when speaking with Rafael was the upcoming NACD Blue Ribbon Commission focus on the boards role in driving long-term value creation.

    Rafael provides a thoughtful interview on sources of board member insights and how to apply and help CEOs be more eective in a rapidly changing landscape. I know youll appreciate his wisdom in driving long-term value creation as a Director, CEO and investor.

    Fay Feeney: Why does serving on boards, and now on the NACD So Cal board, interest you?

    Rafael Pastor: Ive been fortunate to do a variety of things professionally. Serving on boards is the culmination of everything Ive done before. Now Im in a position where I can combine and apply what Ive seen and done in dierent corporate roles and settings. Sharing that so-called wisdom can be gratifying and valuable. Very importantly, Im also learning a lot. Every board you join and every group of people you associate with is a new learning experience.

    Serving on boards also gives me the opportunity to help bring harmony to corporate deliberations around the three pillars of every company: strategy, execution, and culture. Not everybody would agree, or automatically say, that there are three pillars; often what you would hear are two: strategy and execution. I believe its equally important to focus on culture. To harmonize those three is becoming increasingly dicult. Board members with relevant experience and perspective can bring real value in helping to establish that harmony for the managementteam, for the board, for the shareholders, for the employees andfor all of those who are aected by the company, including its

    customers and the society in which it functions.

    Serving on a board is also a form of expression, like painting on a canvas with all the experiences and impressions youve accumulated in your career. Thats an enticement for me as it probably is for many others who join boards.

    Fay Feeney: You mentioned this being the culmination of all the things youve done before. How does your career experience apply?

    Rafael Pastor: Im a good example, but hardly the only example, of what I would call a non-linear career. Some people call it a spiral career. Most people have a career like a step ladder. You go to a good school and get good grades; then you get into a good higher education school and get good grades; then you get a job, then a promotion, then another promotion; and you continue moving up the ladder vertically in one industry or profession. This is certainly the case for many people. And its great; theres nothing wrong with it.

    Then there are people like me who have a spiral horizontally upward career. Youre always moving upward, but youre moving to the left a little and to the right a little. In my case, I started as an attorney and then I was fortunate and got to do what I really wanted. I became a top executive at some of the major media and entertainment companies and also did a lot of work internationally. Then I co-founded an investment banking rm, and following that I ran the worlds largest for-prot CEOmembership company.

    In the course of my career, I served on, or participated in the deliberations of, boards as a Chairman, member, CEO, investment banker, and attorney. Now I have the opportunity to apply what Ive learned from various walks of life and dealing with many dierent people in the context of the board room. As I see it, my role and responsibility is to be a trusted advisor to the management team and the other board members as we all try to gure out the wisest paths forward.

    Fay Feeney: Rafael, your work as a CEO and with CEOs makes you uniquely qualied to understand the dynamic relationship between the board and the CEO. What, in your opinion, can board members do to enhance their relationship with management for everyones benet?

    NACD Directorship 2020 with Fay Feeney

    Upcoming EventsOctober 5, 2015: 2016 Executive Compensation, Los Angeles

    October 8, 2015: USC Family Business Forum, Los Angeles

    October 16, 2015: Global Economy, Cyber Security and Investment Implications, Camarillo

    November 12, 2015: USC Corporate Directors Forum, Los Angeles

    February 16, 2016: Alliance luncheon event with National Investor Relations Institute (NIRI) Chairman Spotlight with Maggie Wilderotter (Frontier Communications)