Advisory Council on Risk Oversight
In support of a sustainable and profitable corporate America, the National Association of Corporate Directors (NACD) created the Advisory Council on Risk Oversight in 2012. Since then, this council has brought risk and audit committee chairs from Fortune 500 companies together with investors, regulators, and other stakeholders to explore ways to strengthen corporate governance in general and the work of the risk committee in particular.
PwC and Sidley Austin LLP collaborate with NACD in convening and leading the council.
Confidential
Meetings and teleconferences are conducted under a modified version of the Chatham House Rule to maintain an environment for candid dialogue. No outside media is present at advisory council meetings. All delegates participate on their own behalf.
Cost
There is no cost associated with council participation other than travel expenses.
Commitment
Conversation is ongoing, punctuated by semi-annual meetings, typically from 8:30 a.m. - 2:00 p.m., in Washington, D.C. or New York City. Debrief conference calls for non-attending delegates follow each in-person meeting.
- MAUREEN A. BREAKIRON-EVANS
Cognizant Technology Solutions Corp. - JENNE K. BRITELL
Crown Holdings Inc. - JEFFREY R. BROWN
TIAA-CREF - KATHLEEN B. COOPER
Williams Companies Inc. - STEVEN G. ELLIOTT
PPL Corp. - PATRICK W. GROSS
Waste Management Inc. - ROBERT K. HERDMAN
Cummins Inc. - MICHAEL W. HEWATT
DR Horton Inc.
- IRVINE O. HOCKADAY
Estee Lauder Companies Inc. - RENÉE J. HORNBAKER
Eastman Chemical Co. - DONNA A. JAMES
L Brands Inc. - MICHAEL M. KNETTER
American Family Mutual Insurance Co. - SARA G. LEWIS
Sun Life Financial Inc. - CLAUDE C. LILLY
Erie Insurance Co. - SARA MATHEW
Campbell Soup Co. - MARY PAT MCCARTHY
Tesoro Corp., Mutual of Omaha Insurance Co.
- DEREK R. MCCLAIN
Mutual of Omaha Insurance Co. - LESLIE A. MURPHY
Kelly Services Inc. - BRUCE P. NOLOP
Marsh & McLennan Companies, Inc. - FRANCESCA RUIZ DE LUZURIAGA
Office Depot Inc. - GREGORY C. SMITH
Lear Corp. - ROBERT W. STEIN
Assurant Inc. - BILLIE I. WILLIAMSON
Energy Future Holdings Corp. - DAVID A. WILSON
Barnes & Noble
*This list of recent participants is representative, not comprehensive. Delegates participate on their own behalf, and listed companies correspond to delegates' audit committee chair roles. Council rosters are subject to change.
- Turning Risk Information Into Boardroom Insight: Guidance From Fortune 500 Company Directors (Spring 2018)
- NACD Advisory Council Talks Blockchain in the Boardroom (Spring 2018)
- CEO Succession Planning (Fall 2017)
- Board-Management Dialogue on Risk Appetite (Spring 2017)
- Incentives and Risk Taking (Fall 2016)
- The Evolving Relationship Between the General Counsel and the Board (Fall 2016)
- The Board's Role in the Oversight of Risk Culture (Spring 2016)
- M&A and Transaction Risk Oversight (Fall 2015)
- Cybersecurity Risk Oversight and Breach Response (Fall 2014)
NACD believes that the dialogue facilitated by the four advisory councils is vital to advancing the shared, overarching goal of all boards, investors, and regulators: a sustainable, profitable, and thriving corporate America.