Risk Oversight Advisory Council

Risk Oversight Advisory Council

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.

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Participation
 

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.

Delegates*
 
  • 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.

Our Mission
 

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.