CGC Collaboration
The Role of Directors in Creating Long-Term Value
The Millstein Center for Global Markets and Corporate Ownership, the Columbia Global Centers | Santiago, and the School of Economics and Business at Universidad Diego Portales are hosting a workshop series on The Role of Directors in Creating Long Term Value (El Rol de los Directores en la Creación de Valor a Largo Plazo).
The series will be held in Santiago, Chile over the course of the 2016/2017 academic year. The target audience for these sessions are corporate directors, policy makers, business executives, academics, and graduate-level students.
Series Sessions:
The Role of the Board in Transforming Non-Financial Risks into Value*
In an age of “hyper-transparency,” where information spreads at the touch of a button and the public expects to know more about the businesses that they engage with, corporations and their boards need to understand the how the entity is viewed. This “Reputation Risk” has become a strategic risk, and must be clearly understood and aligned with business strategy and planning. This session will review how directors can manage reputation risk as a part of enterprise risk management and convert that risk into opportunity through strategic alignment and proactive management.
Speaker(s): Andrea Bonime-Blanc, JD/PhD, Chief Executive Officer, GEC Risk Advisory
Watch the session (Note: The session was conducted in Spanish. English subtitles pending)
The Duty of Care Revisited
The duties of directors – the duty of care and the duty of loyalty –are often spoken about, almost with reverence. These duties, coupled with the Business Judgement rule, are what both guide and protect directors in their actions. But how the duties function, what it means to fulfill them, evolves. This session will explore the developing notion of care, to whom that duty is owed, and what that means for boards.
Speaker(s): Edward J. Waitzer, Partner, Stikeman Elliott; Jarislowsky Dimma Mooney Chair in Corporate Governance, Osgoode Hall Law School - Schulich School of Business at York University
Date: November 22, 2016
Cybersecurity, Resiliency, and the Role of the Board
As more is learned daily about the massive cyberattacks taking place on private companies, boards are struggling to get up to speed. Cybersecurity presents strategic, operational, and financial risks. Yet directors still struggle with basic questions such as whether the board should have a separate cyber committee, or a designated “cyber” expert. This session will cover the role of the director in oversight of cybersecurity and present a practical approach for directors to address one of the emerging challenges facing their companies.
Speaker(s): William E. McCracken, Chair, Advisory Board, Millstein Center at Columbia Law School; Former Chair and CEO, CA Technologies; Director, MDU Resources, National Association of Corporate Directors
Date: January 10, 2017
Balancing Compliance and Strategy: Creating Value Through Effective Governance*
The prevailing framework for boards is that of the monitoring board, a board that oversees management made up of part-time, independent directors. This is borne out in both academic work and regulatory and legislative regimes. Recently, emphasis is being placed on the boards ability to create value through an active role in strategy. This session will explore how boards can strike the right balance for their companies between their compliance role and the strategy role, thereby helping to create value for the organization over the long term.
Speaker(s): Ruth V. Aguilera, Professor, International Business and Strategy, D’Amore-McKim School of Business, Northeastern University (Invited)
Date: Q1, 2017
The Role of Directors in Creating Long-Term Value Series is hosted with support from:
- AmCham Chile
- AFP Chile
- Bolsa Comercio Santiago
- System of State Owned Enterprise, Government of Chile
- Thomson Reuters
- Women Corproate Directors Chile
*These presentations will be in Spanish (and if required there will be simultaneous translation available). To learn more about the series and to request an invitation to participate, please contact the Columbia Global Centers | Santiago at [email protected].