16_Oct_Programme_3

‘The Evolution of the Board’
16 October 2014
#30pcevolution
@30percentclub
www.30percentclub.org
Agenda
The UK’s voluntary, business-led approach
towards creating better gender balanced
corporate boards has been influenced by
the belief that this will help create more
effective boards.
Since the launch of the 30% Club in
November 2010 and the publication of the
Davies Report in February 2011, multiple
efforts on the part of many organisations
have resulted in real change in both board
composition and the board review process.
This short, intensive seminar will bring
together a number of contributors to review
the collective impact – and consider what
more needs to be done. We will hear from
key FTSE-100 and FTSE-250 Chairmen, who
will share their views about what makes for
an effective Board today and how the NED
appointment process has developed, in
conversation with leading board recruitment
specialists. Leading investors will explain
how their engagement with companies on
the topic has evolved – with a particular
focus on succession planning. We will also
hear from the specialist board effectiveness
review industry and from consultants
working to help boards make further
improvements.
There is of course considerable momentum
towards achieving our 2015 goals for more
women on boards. This seminar is aimed at
building this momentum, with the emphasis
being on the need for an ongoing
joined-up and iterative approach towards
not just more women but greater cognitive
diversity in the Boardroom.
‘The Evolution of the Board’
16 October 2014
8.30am Welcome and overview of the morning
8.35am Davies Report – where are we now
8.45am The external environment and impact on Boards
Helena Morrissey CBE, CEO, Newton and Founder 30% Club
Denise White, CEO, Davies Committee
Conversation between: Allan E Cook CBE, Chairman of WS Atkins and
Orna NiChionna, Senior Independent Director and Chair of the Remuneration Committee at Royal Mail plc
Moderator – Michael Reyner, Managing Partner, MWM Consulting
9.05am Chairs’ perspectives on Board composition
Conversation between: Robert Swannell, Chairman of Marks & Spencer
and Alan Thomson, Chairman of Bodycote
Moderator – Julia Budd, Partner, The Zygos Partnership
9.30am Board reviewer’s perspective
9.50am Investors’ perspectives
10.15am I f you could rip up the corporate governance rulebook,
what would you change?
10.30am Next steps
Dr Tracy Long, Founder, Boardroom Review
Panellists: Sacha Sadan, Director of Corporate Governance; Chris Hodge, Executive Director of
Strategy FRC; Dean Paatsch, Director of Ownership Matters
Moderator – Emma Howard Boyd, Leader, 30% Club Investor Group
Jennifer Sundberg, Director, Board Intelligence
Helena Morrissey
10.40am Close and coffee
Please note that this is an on the record event and views expressed are not necessarily representative
of all 30% Club members.
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Speakers
‘The Evolution of the Board’
16 October 2014
Helena Morrissey CBE FSIP
Denise Wilson
CEO, Newton and Founder 30% Club
Helena joined Newton in 1994 as a fixed income fund
manager and was appointed CEO in 2001. Newton manages
more than £50bn for pension funds, charities and through
funds available to individual investors.
In 2010, Helena founded the 30% Club, a cross-business
initiative aimed at achieving 30% women on UK corporate
boards by 2015 through voluntary, business-led change.
This has now become an international approach, with
30% Clubs in the US, Hong Kong, Ireland and Southern
Africa. She also chairs Opportunity Now, Business in the
Community’s gender diversity campaign.
In June 2014 Helena was appointed Chair of the Investment
Management Association, the UK’s industry trade body
whose members manage £5trn.
In both 2013 and 2014, Helena was voted one of the
50 most influential people in finance by Bloomberg Markets
Magazine. She is a Fellow of the Society of Investment
Professionals, a Fellow of the London Business School and
was appointed CBE in the 2012 New Year’s Honours list.
Denise is CEO of the Davies Review for Women on
Boards in the UK, which led the UK’s business focused,
voluntary framework for increasing the number of
women on FTSE 350 Boards.
She is also Chair of the Royal Academy of Arts Friends
Board, as well as a non-executive director on the board
of Ecclesiastical Insurance Group and Chair of their
Remuneration Committee. She is also a Trustee of All
Churches Trust and Mentor to senior women and
executives in the corporate and charitable sectors.
Denise spent much of her 30 year corporate career in
the Oil and Gas industry, holding senior executive roles
at National Grid plc, BG Group and British Gas plc. She
began her career in the Insurance sector, having
graduated in Modern Languages and is FCII qualified.
She is a fluent Spanish speaker, passionate about the
Arts, the outdoors and development of women and
young people. She lives with her husband and teenage
sons in Henley on Thames and the Lake District.
A Cambridge philosophy graduate, she began her career
as a global bond analyst with Schroders in New York.
Helena is married with nine children.
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‘The Evolution of the Board’
16 October 2014
Allan E Cook CBE
Allan Cook was appointed a non-executive director of
WS Atkins in September 2009, taking up the post of
Chairman on 1 February 2010. He is a chartered engineer
with more than 30 years’ international experience in the
automotive, aerospace and defence industries.
Orna NiChionna
He was Chief Executive of Cobham PLC until the end of
December 2009. Prior to this he held senior roles at
GEC-Marconi, BAE Systems and Hughes Aircraft. He is
Chairman of FINMECCANICA UK Ltd, Chairman of Selex
ES, Deputy Chairman of Marshall of Cambridge (Holdings)
Limited and a member of the operating executive board
of J.F. Lehman & Company. He is Chairman of the Skills
& Jobs Retention Group, Chairman of the Sector Skills
Council for Science, Engineering and Manufacturing
Technologies (SEMTA). He is also lead non-executive
member of the Departmental Board for the Department
for Business, Innovation & Skills, and was Chairman of
UK Trade & Investment’s Advanced Engineering Sector
Advisory Board until October 2013.
Orna is Senior Independent Director and Chair of the
Remuneration Committee at Royal Mail plc and is a
non-executive director at Saga plc. She has been the SID
at Bupa, Northern Foods plc and HMV plc and Chair of the
Remuneration Committee at Northern Foods plc and
HMV plc; and was also on the board of Bank of Ireland
UK and Bristol & West. She chairs the Client Board at
consulting firm Eden McCallum.
He was past president of the Aerospace and Defence
Industries Association of Europe (ASD) and past
president of the Society of British Aerospace and Defence
Companies (SBAC). He was awarded a CBE in the Queen’s
New Year’s Honours list in 2008, is a fellow of the Royal
Academy of Engineering. He chairs the Academy’s
employer-focused Diversity Leadership Group, part of the
BIS STEM Diversity Programme, and in September 2014
was elected by the Academy’s Fellowship to the Trustee
Board for a term of three years.
She studied Electronic Engineering in Ireland and has
an MBA from Harvard Business School.
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She is currently a Trustee of the National Trust, the Soane
Museum and the Soil Association and chairs the Business
Advisory Council at Said Business School (Oxford). She
was the first woman to be elected Partner in McKinsey’s
London office, where she spent a total of 18 years.
Robert Swannell
Robert Swannell was appointed a non-executive director
of Marks & Spencer in October 2010 and became
Chairman in January 2011. Until 2010, Robert spent over
30 years in investment banking with Schroders/Citigroup.
He was formerly Vice-Chairman of Citi Europe and
Chairman of Citi’s European Investment Bank.
Michael Reyner
Michael joined MWM Consulting in 2007 as a Partner
and became Managing Partner in 2013. MWM is a leading
boutique search and board advisory firm that has placed
15% of the FTSE 100 Chairmen and CEOs in the UK and
works with the boards of Fortune 500 companies across
the world on issues of succession and board effectiveness.
Michael was one of the team that drafted the Headhunters’
Code of Conduct in response to the Davies Report and
MWM is one of the first firms to be awarded Accreditation
Status for its work in supporting gender diversity on Boards.
He joined MWM after a 15 year career at McKinsey, where
he became a Partner in 1992 and co-led the European
Consumer Goods practice, working with over half of the top
25 global companies in over 20 countries. He started his
career in the Food industry at RHM and then as Commercial
Director of Cereal Partners UK.
Robert was Senior Independent Director of both
The British Land Company plc (NED 1999-2010) and of
3i Group plc (NED, 2006-2010). Robert was Chairman
of HMV Group plc from February 2009 until March
2011. Robert’s regulatory and government department
experience includes the Regulatory Decisions Committee
of the FSA, the Takeover Panel Appeal Board and
the Industrial Advisory Board of BIS (Department for
Business, Innovation and Skills). Robert was appointed
a non-executive director of the Shareholder Executive
Board in November 2013 and will become Chairman on
1 September 2014.
He is Chairman of the Governing Body of Rugby School,
an Advisory Board Member of The Sutton Trust, a
founder and Trustee of the SpringBoard Boarding Bursary
Foundation and a Trustee of the Kew Foundation.
Michael has a BA in Modern History from Oxford and an
MBA from Manchester Business School. Outside of MWM, he
is Chairman of the animal charity, The Born Free Foundation,
and also Chairman of Beaconsfield Holtspur Football Club.
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‘The Evolution of the Board’
16 October 2014
Alan Thomson
Alan is non-executive Chairman of Hays plc. He is a
post-graduate of Glasgow University and a Chartered
Accountant. His early career was spent with Arthur
Anderson and Price Waterhouse, followed by senior
management roles with Rockwell International plc,
Raychem Ltd and Courtaulds plc. He then became
Finance Director of Rugby Group plc and latterly of
Smiths Group plc.
Julia Budd
Alan is currently also the Chairman of the Board of
Bodycote plc and Polypipe Group plc and a non-executive
director on the Board of Alstom SA.
Julia Budd is a Founding Partner of The Zygos Partnership.
She specialises in Chairman, CEO, and non-executive
director searches and Board Succession Planning.
He is a former non-executive director of Johnson
Matthey plc and a past President of the Institute of
Chartered Accountants of Scotland.
Julia was previously with Egon Zehnder International for
15 years. There she ran the Board Practice, focusing on
Chairman and non-executive director appointments.
Before this she was a Senior Consultant with Bain and
Company. In 2012 Julia was appointed to the Board
of the Jockey Club and she is a also a member of the
Government’s Professional and Business Services Council
which advises Ministers and senior civil servants on
economic, business and regulatory issues affecting the
largest industry sector in the UK.
Julia served as a non-executive director of Wilson
Connolly plc, until its agreed takeover by Taylor Woodrow.
She has a BA in Experimental Psychology with Statistics
from Oxford University and an MBA from INSEAD.
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Sacha Sadan
Dr Tracy Long
Dr Tracy Long is the founder of Boardroom Review, which
was established in 2004 to give independent advice on
the effectiveness of the board and its committees.
Tracy has conducted over one hundred evaluations
across PLC, mutual, privately owned and public sector
organisations in the UK, the US and Europe. She currently
serves on the board of the Department of Culture, Media
and Sport, where she is Chairman of the Audit & Risk
Committee, and a member of the Remuneration Committee.
She advises the Efficiency and Reform Group (Cabinet
Office) and in 2012 contributed to the Civil Service Reform
Plan. She is an advisory director of Carnegie Hall and
council member of Marlborough College.
Sacha Sadan is a Director and sits on the LGIM board,
leading the Corporate Governance team. The team performs
a highly active role in engaging with the companies in
which LGIM invests, seeking to deliver the best-possible
long-term value for shareholders.
Prior to joining LGIM, Sacha worked for Gartmore where
he was a senior UK equity fund manager and co-managed
a range of UK equity hedge, retail and institutional funds.
Sacha was the top-rated pan-European fund manager in
the Thomson Reuters Extel Awards in 2010, and ranked
third in 2009, as voted by UK companies and key sell-side
participants. Prior to Gartmore, Sacha was the lead UK
Equity Fund Manager of a £4 billion pension fund for the
Universities Superannuation Scheme PLC.
Sacha is a member of the CFA institute and holds a BA in
accounting and finance from the University of Manchester.
Tracy was a founding director of Avalon Productions and
Classic FM. Previous board roles have included Central
European Media Enterprises, eleven media joint ventures,
Botts & Co. Private Equity, the Van Tulleken Company,
Nesta, Lowland Investment Company plc., the London
Symphony Orchestra, The King’s Consort (Chairman),
the Noel Gay Organisation, the development board of
the Royal Academy of Music and the Royal Society
of British Sculptors.
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‘The Evolution of the Board’
16 October 2014
Chris Hodge
Chris Hodge is Director of Strategy at the Financial
Reporting Council, the UK’s independent regulator
responsible for promoting high quality corporate
governance and reporting.
Until recently, Chris was directly responsible for the
UK Corporate Governance Code, which sets governance
standards for companies listed in the UK, and the
Stewardship Code, which sets out principles on
engagement for institutional investors.
Chris chairs the European Corporate Governance
Codes Network, a group of organisations responsible
for their national corporate governance codes in
European Union and European Economic Area countries.
He is also a Deputy Chair of the Hellenic Corporate
Governance Council, which oversees the Greek
national corporate governance code.
Dean Paatsch
Dean is a director of Ownership Matters, a governance
adviser serving institutions who invest in Australian
equities.
His interest in governance issues began when he
co-founded Proxy Australia, a boutique proxy voting
advisory service and governance researcher in 2003.
Following the sale of Proxy Australia in 2005, Dean led
the Australian office through its various ownership
changes (ISS Australia, RiskMetrics and ISS Governance
Services), building it into the pre-eminent Australian
provider prior to his departure in August 2010.
He is the author of numerous opinion pieces, regulatory
submissions and speeches and is a well known media
commentator on governance issues.
Earlier in his career Dean was a commercial lawyer and
subsequently the founding CEO of the Australian
Institute of Superannuation Trustees (AIST) a national
not-for-profit organisation whose mission is to promote
and protect the interests of Australia’s $500 billion
not-for-profit pensions sector.
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Jennifer Sundberg
Emma Howard Boyd
Emma has spent her 25 year career working in financial
services, initially in corporate finance, and then in fund
management, specialising in sustainable investment and
corporate governance.
As Sustainable Investment and Governance Director at
Jupiter Asset Management, and more recently Director
of Stewardship, Emma was integral to the development
of Jupiter’s reputation in the corporate governance and
sustainability fields. This work has included research
and analysis on companies’ environmental, social and
governance performance, engaging with companies at
board level and public policy engagement.
Jennifer Sundberg is Managing Director of Board
Intelligence, leaders in board reporting. Board
Intelligence works with clients across the public and
private sectors, such as National Grid, Friends Life,
Asda, easyJet, John Lewis Partnership, Network Rail,
The National Audit Office and various NHS trusts,
amongst others.
Jennifer was named The Times ‘Young Business Woman
of the Year’ and she plays an active role shaping
governance policy in the UK and in Europe. She authored
a monthly column for Management Today for a number
of years and she is a regular speaker at conferences and
business schools.
She holds an MA from Cambridge University and
The Judge Business School.
She currently serves on various boards and advisory
committees including the Environment Agency, the
Future Cities Catapult, the Aldersgate Group, the
30% Club Steering Committee, the Carbon Trust
Advisory Panel and the Executive Board of The Prince’s
Accounting for Sustainability Project.
Her past board and advisory roles have included being
a director of Triodos Renewables PLC; Vice Chair and
Chair of UKSIF, the UK sustainable investment and
finance association, and a member of the Commission on
Environmental Markets and Economic Performance, set
up by the UK Government to make detailed proposals
specifically on enhancing the UK environmental
industries, technologies and markets.
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Influential Chairmen supporting the 30% Club initiative include:
Dame Helen Alexander UBM
Mark Austen LV= Asset Management
John Barton Catlin Group/ EasyJet/ Next
Sir Brian Bender London Metal Exchange
Charles Berry Drax Group
Sir Win Bischoff Financial Reporting Council
Mark Bomer BDO
Sir Leszek Borysiewicz Cambridge University
Ana Botín Santander
Donald Brydon Royal Mail/Sage
Robin Buchanan PageGroup
Dame Alison Carnwath Land Securities
Sir Roger Carr BAE Systems
Dominic Casserley Willis
Stuart Chambers Rexam
David Childs formerly Clifford Chance
Michael Cole-Fontayn BNY Mellon EMEA
Simon Collins KPMG
Allan Cook WS Atkins
Geoff Cooper Dunelm Group
David Cruickshank Deloitte
Miranda Curtis Waterstone’s
Ian Davis Rolls Royce
Martin Donnelly CMG Department for Business,
Innovation & Skills
Andrew Duff Severn Trent
Fiona Dunsire Mercer
Sir Charles Dunstone Carphone Warehouse/TalkTalk
Ian Durant Capital & Counties Properties
Neville Eisenberg Berwin Leighton Paisner
Robert Elliott Linklaters
Peter Felix AESC
Douglas Ferrans formerly IMA
Douglas Flint HSBC Holdings plc
Karin Forseke Alliance Trust
Anita Frew Victrex
Sir Peter Gershon National Grid/Tate & Lyle
Sir Ian Gibson Wm Morrison
Richard Gnodde Goldman Sachs
Lord Green of Hurstpierpoint
John Griffith-Jones Financial Conduct Authority
Sir Philip Hampton Royal Bank of Scotland
Rick Haythornthwaite Centrica
John Heaps Eversheds
Peter Hickson Chemring
Andrew Higginson Poundland
Brent Hoberman Mydeco.com
Tony Hobson formerly Sage
Christine Hodgson CapGemini
David Hudd Hogan Lovells
Dr Franz Humer Diageo
Dame Deirdre Hutton Civil Aviation Authority
Lady Judge Pension Protection Fund
Sir Bob Kerslake Civil Service, Cabinet Office
Will Lawes Freshfields Bruckhaus Deringer
For press enquiries,
please contact:
[email protected]
Rich Laxer GE Capital International
Matthew Layton Clifford Chance
Sir David Lees formerly Court of Bank of England
Paul Leinster Environment Agency
Paul Lester Parabis Management
Lord Leitch Bupa
Stephen Lovegrove Department of Energy & Climate Change
Sir Nicholas Macpherson HM Treasury
Charlie Mayfield John Lewis
John McFarlane Aviva
Mike McTighe WYG plc
Julie Meyer Ariadne Capital
Frank Meysman Thomas Cook Group
Sir Nicholas Montagu Financial Ombudsman Service
Glen Moreno Pearson
Nicky Morgan Department for Culture, Media & Sport
David Morley Allen & Overy
Paul Morris Towers Watson
Helena Morrissey IMA
Richard Foley Pinsent Masons
Mark Neale Financial Services Compensation Scheme
John Nelson Lloyd’s of London
Peter Norris Virgin
Sir Richard Olver formerly BAE Systems
Patrick O’Sullivan Old Mutual
Stephen Parish Norton Rose Fulbright
Alan Parker Brunswick
Andrew Parker MI5
Sir John Parker Anglo American
Clare Parsons Lansons
Sir John Peace Burberry/Standard Chartered
Ian Powell PwC
Sir Michael Rake BT Group
Paul Rawlinson Baker & Mackenzie
Sir Simon Robertson formerly Rolls Royce
Baron David de Rothschild Rothschild
William Rucker Lazard
Sir Nigel Rudd BAA/Invensys
Philip Rutnam Department for Transport
Chris Saul Slaughter and May
Jonathan Scott Herbert Smith Freehills
Peter Scott Engine Group
John Stewart Legal & General
Carl-Henric Svanberg BP
Robert Swannell Marks & Spencer
Alexander Y. Thomas Reed Smith
Martin Thomas Lancashire Holdings
Ben Tidswell Ashurst
Michael Treschow Unilever
David Tyler Hammerson/ Sainsbury’s
Steve Varley EY
Sir David Walker Barclays
Penelope Warne CMS Cameron McKenna
Bob Wigley Hibu
Further information:
@30percentclub
or call
[email protected]
+44 (0)20 3128 8582
www.30percentclub.org

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