Companies are facing intense regulatory pressure from federal and foreign regulators, state attorneys general, and others, prompting extensive reviews, audits, investigations, and litigation, which are dramatically changing company’s business strategies, operating models, infrastructure and data management.
To thrive, leading organizations must devote effort and resources to ensure they have appropriate and effective risk strategies, compliance programs and controls processes in place to address the current and emerging regulatory risks and related compliance.
Leading boards must continue to calibrate their oversight of regulatory risks—from improving information quality to reinforcing the right culture. Boards are expected to be aware of current and emerging regulatory issues, trends and remediation efforts within their organizations.
The program panelists will share what types of discussions boards are having and best practices related to oversight of regulatory risks and uncertainties posed by recent data privacy and social media regulatory changes, and the prospects for major policy changes-e.g., monetary policy/inflation/access to capital, healthcare, de-regulation, trade/export/import policy, etc.
Claudia Allen, Moderator: Senior Advisor, KPMG Board Leadership Center
Linda Hudson: CEO, The Cardea Group; Director, Bank of America, Ingersoll Rand
As a Senior Advisor to KPMG's Board Leadership Center, Claudia works with Boards to drive corporate governance that focuses upon long-term value and enhancing investor confidence. Through programs, such as KPMG's Audit Committee Institute and Women Corporate Directors, the Center engages with directors and business leaders and delivers practical thought leadership.
Claudia served as a Partner and co-chair of the Corporate Governance practice at Katten Muchin, where she counseled boards, management and investors in public and private companies on corporate governance matters and related issues, such as shareholder activism and engagement, defensive measures, board process and structure and fiduciary duties. She also advised on private and public M&A and securities matters.
Claudia is a recognized speaker on corporate governance, having presented to the American Bar Association, the Association of Corporate Counsel, ISS' Governance Exchange, the Minority Corporate Counsel Association, the National Investor Relations Institute and the Society for Corporate Governance. She has also appeared on CNBC’s Power Lunch and Squawk on the Street.
Claudia’s landmark studies of forum selection provisions in charters and bylaws and majority voting in director elections have been widely cited, including by the SEC, the NYSE Commission on Corporate Governance and the Delaware Court of Chancery. Her informed perspective on governance and transactional issues have made her a sought-after commentator and author for publications including The Wall Street Journal, The New York Times, The Financial Times, The Washington Post, The Harvard Law Forum on Corporate Governance and Financial Regulation and The Conference Board Governance Center Blog.
Linda is the Founder, Chairman and CEO of The Cardea Group, a leadership, communications and business consultancy that accelerates the success of high-performing leaders, teams and companies. She retired as president and CEO of BAE Systems, Inc. on January 31, 2014 where she led a global, U.S.-based defense, aerospace, and security company, with approximately 40,000 employees and $13 billion in annual revenue. Linda served as an executive director on the BAE Systems, Inc. and BAE Systems plc board of directors. Linda is a director on the boards of Bank of America and Ingersoll Rand. She currently serves on the non-profit boards of the University of Florida Foundation, the Central Piedmont Community College Foundation and Discovery Place. She is a member of the International Women’s Forum and C200, the premier global organization of women business leaders. Linda received C200’s 2011 Luminary Award for Corporate Innovation. She has been cited as one of Fortune Magazine’s 50 Most Powerful Women in Business and one of Washingtonian Magazine’s 100 Most Powerful Women in Washington. Washington Business Journal has named her one of its Power 100 and one of the Most Admired CEOs. She was inducted into the Washington Business Hall of Fame in December 2013. Linda received the 2013 Association of the US Army’s Dixon award for her industry leadership and contribution to national security. The Charlotte Business Journal honored her with their 2015 Lifetime Achievement Award.
Lloyd Johnson (retired Accenture Senior Partner) is a highly effective global business leader, certified as a board audit committee financial expert, and with strengths in governance, M&A, strategy, audit, IT controls, cybersecurity, enterprise risk management, and compliance. He has over 30 years of experience in senior leadership positions at large Fortune 500 and other multinational corporations. His experience includes financial, risk, consulting services, outsourcing and manufacturing sectors in the United States, and internationally in Europe, Asia and Central and South America.
Lloyd serves on the Apogee Board of Directors (NASDAQ: APOG) as Audit Committee Chair and on the AARP National Board and as Board Chair for AARP Foundation.
Lloyd Johnson is an MBA graduate from Duke University’s Fuqua School of Business. He also holds a Masters of Accountancy and BSBA degrees from the Darla Moore School of Business at the University of South Carolina. He is a CPA and has received numerous recognitions during his career.
Keith A. Smith, JD, is executive vice president and general counsel for Atrium Health, one of the most comprehensive and highly integrated not-for-profit healthcare systems in the nation. As a member of the executive leadership team, Smith provides guidance for the organization’s legal affairs, corporate compliance, and privacy and risk management departments.