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The Impact of the 2020 Election Outcome for Boards of Directors

Join Patti Burquest, Leader of RSM’s Washington National Tax Group; James Alex, RSM Go-to-Market Tax Leader; Maryann Bruce, independent Director and former Fortune 100 Division President & CEO; and April Hall, Managing Editor, Directors & Boards magazine, for a discussion about what each election outcome could mean for directors, how changes to Congress could affect regulatory matters, and what will happen to the various regulations currently being considered by the Treasury Department for completion in 2020.

Tuesday, November 24, 2020
2 p.m. ET | 11 a.m. PT
60 minutes

 

Click to Replay

The 2020 U.S. election may lead to significant policy shifts across the legislative and regulatory landscapes. With potential presidential and Senate changes afoot, there are various possible outcomes that could have a lasting effect on board directors and their businesses.

By the end of this webcast, attendees will be able to discuss:

  • The impact of the potential election outcomes for board directors and the leadership team of their organizations
  • The key issues that will affect their business and how to plan accordingly
  • How board members can work with financial leaders to maximize available tax credits

 

Patti Burquest

Leader of RSM’s Washington National Tax Group, RSM

Patti Burquest leads the Washington National Tax team in the area of tax controversy. With over 25 years handling IRS examination and appeals matters, her experience includes alternative dispute resolutions including: pre-filing agreements, advance issue resolution agreements, voluntary compliance agreements, fast track settlements/mediations, appeals settlements and post appeals mediations. Patti also specializes in penalty and interest abatements, IRS account issues, 9100 relief for missed elections and IRS filing issues.

As the former national principal-in-charge for a Big Four firm, working in the area of complex interest services and as a principal in the tax controversy services practice, Patti has advised clients on IRS matters, handled Examination and Appeals cases (including Alternative Dispute Resolution cases), and successfully obtained abatements (and refunds) of penalties and interest. She also served on a national team advising clients on net operating loss carryback issues and assisted hundreds of clients to expeditiously obtain tax refunds. Patti has developed excellent relationships with IRS in the Examination, Appeals and Service Center functions.

Previously, Patti was with the IRS Chief Counsel’s Office for seven years where she served as a National Office attorney and technical advisor to the IRS Chief Counsel and to the Special Counsel (Large Case). Her office managed the Chief Counsel’s Industry Specialization Program. Patti pioneered the Intangibles Settlement Program which successfully resolved approximately 70% of the IRS’s intangibles issues inventory. She also served as Acting Special Counsel to the Director of the IRS Advance Pricing Agreement Program.

Patti frequently speaks at national programs including those of the Tax Executives Institute and the American Bar Association.

 

James Alex

RSM Go-to-Market Tax Leader. RSM

Jim possesses strong leadership skills developing processes and change-based programs that bring significant value to clients and drive tax practice growth. Jim provides large program implementation experience from the private and public sectors. He is focused on planning, execution, communication and change management.

Jim recently served as the Senior Advisor to the Assistant Secretary of the U.S. Treasury Department for Tax Policy where he acted as the main coordinator for tax reform implementation in the U.S. Treasury Department. Jim facilitated tax reform efforts across the Treasury Department, IRS and the IRS Chief Counsel’s Office. Jim led the effort to redesign the tax regulatory development process spanning the IRS, Chief Counsel’s Office, Treasury and the Office of Management and Budget (OMB). In December 2019, Jim was awarded the Meritorious Service Award by the U.S. Treasury Department for his service during Tax Reform implementation. 

Jim was previously a partner/principal in a Big-Four accounting firm; and, has held various roles in state government including Deputy Cabinet Secretary – Tax and Revenue, West Virginia.

In his current role, Jim leads RSM’s tax services practice national go-to-market implementation focused on our Vision 2022 growth strategy. He assists teams to drive account program execution, market best practice sharing, team across function-industry-and region, and helps with the adoption of practice change focused on tax practice growth.

 

Maryann Bruce

Independent Director and former Fortune 100 Division President & CEO

Maryann Bruce is an experienced independent director and former Fortune 100 Division President & CEO. She has expertise in strategy, sales including new business development and relationship management, marketing including advertising and brand management, product development and rationalization, and client service across multiple distribution channels. The breadth and depth of her experience come from having served in executive and board leadership positions for start-ups and firms of various sizes and organizational structures.

Over the past decade, Maryann has served on a dozen public, private, mutual fund, advisory, and nonprofit boards providing insight into different industries and enhancing her ability to identify key issues and ask thought-provoking questions. Her deep understanding of starting, building, and scaling high-growth businesses coupled with her keen perspective in the financial markets brings a wealth of practical knowledge and a unique and valued point-of-view as a trusted advisor and board member.

Maryann is an independent director of Amalgamated Bank (Nasdaq: AMAL) serving on its Audit and Enterprise Risk Oversight Committees, an advisory board member of RealBlocks, and the Chair of the Board of Wrestle Like A Girl. Previously she was an independent director of MBIA (NYSE: MBI) and Atlanta Life Financial Group, a mutual fund trustee of Allianz Global Investors and PNC funds, as well as a board member of NACD’s Carolinas’ Chapter and the C200 Foundation.

In acknowledgment of her leadership and expertise, Maryann was honored by Directors & Boards as one of 20 accomplished female board members in Directors to Watch. US Banker also named Maryann one of “The 25 Most Powerful Women in Banking” for her business vision, personal excellence, and professional integrity.

April Hall

Managing Editor, Directors & Boards and Private Company Director magazines

April Hall is digital director for MLR Media and managing editor of Directors & Boards and Private Company Director. She is an award-winning journalist with more than 20 years of experience with daily newspapers, magazines and radio

Benefits

  • No cost to attend.
  • All participants receive a copy of the webinar materials after the event.
  • All particpants will receive the Directors & Boards newsletter featuring real-time news, analysis and thought leadership on corporate governance  -- all delivered right to your inbox every Monday morning. You may, of course, opt out at any time.
  • Opportunity for questions and feedback.
  • Unbiased third-party director education.
  • 60 minutes -- maximum value for time.

 

Sponsor

RSM

Good Governance Depends on Family Trust

The Herschend family board is majority independent.

 

When you own stock in Apple, the employee at the Genius Bar doesn’t care that you’re a shareholder.

“But if a shareholder walks into one of our properties, there’s a good chance they’re a family member, and the employees know who they are,” says Andrew Wexler, the non-family CEO of Herschend Enterprises. “They’re going to maybe get nervous or anxious, because they want to make sure everything is as perfect as can be for that family member.


How Has the Board’s Role in Financial Reporting Changed?

Join RSM and Directors & Boards for an insightful webinar in which Sara Lord, RSM’s chief auditor and member of RSM’s board of directors; Rick Condon, RSM’s professional practice leader; Lauren Harrell, Director & Head of Commodities, Financial Institutions Group and Penn Medicine Chester County Hospital Foundation Audit Chair; and April Hall, Managing Editor of Directors & Boards discuss how the board's role in financial reporting has changed.

Wednesday, October 28, 2020
2:30 p.m. ET | 11:30 a.m. PT
60 minutes

 

Click to Replay
While board members play an important role in the governance of an organization’s business, the audit committee’s role of overseeing the financial reporting process is critical…and ever-expanding. The number and magnitude of financial reporting risks to be monitored continue to grow. The COVID-19 crisis also has fundamentally changed the world of work—and, in turn, affects many board responsibilities. Boards, and particularly audit committees, must consider how this unprecedented event affects their financial oversight responsibilities, especially regarding financial reporting.
 
Join RSM and Directors & Boards for an insightful webinar in which Sara Lord, RSM’s chief auditor and member of RSM’s board of directors; Rick Condon, RSM’s professional practice leader; Lauren Harrell, Director & Head of Commodities, Financial Institutions Group and Penn Medicine Chester County Hospital Foundation Audit Chair; and April Hall, Managing Editor of Directors & Boards will discuss and pose the following questions of audit committee members:
 
  • How has the audit committee board role expanded in recent years and how has it changed as a result of the COVID-19 pandemic?
  • How do you ensure you are providing financial reporting oversight with the appropriate rigor?
  • Do you have the requisite expertise to provide effective financial reporting oversight?
  • What do you and your committee members do to stay current in order to be responsive to evolving risks and regulations that are relevant to your financial reporting oversight role?
Sara Lord

Chief Auditor and RSM board member, RSM

Sara is the Chief Auditor and a member of the Board of Directors for RSM US LLP (RSM). In her role as Chief Auditor, she leads the audit and accounting policy and audit innovation departments of the firm. This includes overall responsibility for the methodology, tools, training and thought leadership supporting RSM’s assurance services as delivered today and their evolution into the future.

Prior to joining RSM, Sara was a partner in a regional accounting firm where she served clients and was a concurring and consultation resource for accounting and assurance needs. Sara also worked for a Big Four accounting firm in a variety of roles, including audit client service, national office consultation, and global office public policy.

Sara is a member of the AICPA Auditing Standards Board and Vice Chair of both the Center for Audit Quality’s Professional Practice Executive Committee and Advisory Council.

Sara received a Bachelor of Accountancy from the University of North Dakota (UND). She is a member of the UND College of Business and Public Administration Advisory Board and a 2015 inductee in the UND Accounting Hall of Fame.

 

Rick Condon

Partner, Audit Services, RSM

Rick serves as the director of the eastern regional professional practice office (RPPO) for the firm. The RPPO supports the firm's assurance practice and acts as a single point of contact between engagement teams and national, expert-level resources in dealing with complex accounting, auditing and risk management matters. He has provided audit, transaction assistance and risk advisory services for domestic and international clients in a wide array of industries including consumer and industrial products, technology and financial services for over 25 years.

Prior to joining RSM, Rick was a partner at a company, where he also served as the SEC practice director. Prior to that, he was a partner in the audit and business advisory practice at a firm.

 

Lauren Harrell

Director & Head of Commodities, Financial Institutions Group, Penn Medicine Chester County Hospital Foundation Audit Chair

Lauren Harrell is an experienced risk management and finance leader with holistic views of the finance sector. Having worked internally at finance and audit organizations and externally as an advisor across the finance enterprise, her approach leadership and the boardroom with a multiple-stakeholder focus. Lauren's ability to be an upstream thinker, connect the dots and recognize patterns where others see complexity allows her to bring a future-oriented mindset to a leadership or board role that has a need to evaluate alternative scenarios and see around corners.

For SEC purposes Lauren is considered a Qualified Financial Expert and a licensed CPA (active status) and a CFA Charterholder.

Professional Highlights:
Proposed, built, and scaled energy hedging business line for a global debt and derivatives advisory firm for Financial Institutions over $20B in assets
Advised financial institutions ranging in asset sizes from $500MM to $70B+ on risk management solutions
Performed financial statement and internal control audits of public and private financial institutions ranging in asset size of $250mm to $20B+
Trusted subject matter expert on risk with interviews/quotes for American Banker and Risk Management Association
Faculty member at American Bankers Association Stonier Graduate School of Banking hosted by UPenn Wharton’s Business School teaching Derivatives

Board Director Highlights:
Board Chair- $6.5M nonprofit
Advisory Board- $12B financial institution
Board Member- $110MM organization with 1,000 employees that engages in M&A and has multiple subsidiaries
Implemented and lead Board oversight of governance restructuring
Lead Board oversight of COVID-19 crisis response for a first responder organization
Oversaw financial turnaround for an organization in breach of loan covenants
Chair and/or member of Audit, Governance, Investment and Finance committees

April Hall

Managing Editor, Directors & Boards and Private Company Director magazines

April Hall is digital director for MLR Media and managing editor of Directors & Boards and Private Company Director. She is an award-winning journalist with more than 20 years of experience with daily newspapers, magazines and radio.

Benefits

  • No cost to attend.
  • All participants receive a copy of the webinar materials after the event.
  • All particpants will receive the Directors & Boards newsletter featuring real-time news, analysis and thought leadership on corporate governance  -- all delivered right to your inbox every Monday morning. You may, of course, opt out at any time.
  • Opportunity for questions and feedback.
  • Unbiased third-party director education.
  • 60 minutes -- maximum value for time.

Sponsor

RSM

Private Equity Groups Need Governance, Too

Corporate governance is a too-often underutilized tool by private equity groups (PEGs) in their portfolio company investments. Its strengthening would be a relatively simple way for them potentially to reduce risk and increase enterprise value, including their potential sale value.


Incentive Design Changes in Response to Covid-19: Research Findings & Perspectives

Join Semler Brossy’s Managing Directors, Greg Arnold and Blair Jones, along with Directors & Boards' Managing Editor, April Hall as they drive this important incentive pay conversation forward.

Tuesday, October 6, 2020
1 p.m. ET  | 10 a.m. PT
60 minutes

Click to Replay

Many companies whose businesses have been curtailed by Covid-19 are struggling with how to handle incentive pay as they finish out 2020 and head into 2021. The pandemic has evaporated the performance-based value of equity grants at these companies —not just for one year, but potentially for three. Meanwhile, other companies that have benefitted from Covid-19 must think through a fair outcome and whether incentive payouts well above target are appropriate.  Now, more than six months into the pandemic, the level of uncertainty remains extraordinarily high for many companies and industries.

  • How can the board best keep management motivated in these circumstances? 
  • What choices do boards have?
  • What changes will have a lasting impact?

Through a recent study of pandemic-driven incentive changes for Russell 1000 companies and relevant client work, Semler Brossy reveals new insights. Join Semler Brossy’s Managing Directors, Greg Arnold and Blair Jones, along with Directors & Boards' Managing Editor, April Hall as they drive this important incentive pay conversation forward.

Greg Arnold

Managing Director, Semler Brossy

Greg has over 14 years of executive compensation consulting experience, including 9 years with Semler Brossy. Greg works across industries and has extensive experience across technology, consumer goods, retail, and healthcare companies. He advises companies ranging in size and stage, from pre-IPO and emerging growth companies to established Fortune 50 organizations.

Greg supports both Compensation Committees on executive pay and governance issues, as well as management teams seeking to address strategic compensation issues including equity strategy and incentive plan design.

Greg has prior experience at Mercer Consulting and Korn Ferry’s Human Capital practice. Additionally, Greg formerly served in an HR leadership role overseeing Compensation, Benefits, and HR Operations for a private equity backed retail services company with over 50,000 employees.

He has publications in Directors & BoardsNACD Directorship, and Workspan and has been republished by Harvard Corporate Governance Forum.

He is a graduate of Pomona College in Claremont, CA.

 

Blair Jones

Managing Director, Semler Brossy

Blair has 30 years of experience in executive compensation consulting, primarily advising public company boards but also private and pre-IPO companies. Blair has extensive experience across healthcare, retail, consumer products, automotive, and aerospace industries. She has expertise in advising boards on company transitions, significant investor concerns, and an expanding human capital management mandate.

Blair regularly speaks at leading board of directors and executive forums and is a prominent author in the executive compensation space. Her articles have been featured in many publications including NACD DirectorshipDirectors & BoardsHarvard Business ReviewWorkspanCorporate Board Member, and Bloomberg. Blair was a many-year member of the Executive Rewards Advisory Council for WorldatWork and co-founded WorldatWork’s Women in Executive Compensation and Regional Executive Compensation Roundtables. Blair participates in broader governance dialogue at the steering committee of the U.S. 30% Club and Harvard Law School Corporate Governance Roundtables.

Blair began her career at Bain & Company. Prior to joining Semler Brossy, Blair was Practice Leader in Leadership Performance and Rewards at Sibson Consulting. Blair holds a B.A. from Williams College in chemistry, with highest honors

 

April Hall

Managing Editor, Directors & Boards

April Hall is digital director for MLR Media and managing editor of Directors & Boards and Private Company Director. She is an award-winning journalist with more than 20 years of experience with daily newspapers, magazines and radio.

 

Benefits

  • No cost to attend.
  • All participants receive a copy of the webinar materials after the event.
  • All particpants will receive the Directors & Boards newsletter featuring real-time news, analysis and thought leadership on corporate governance  -- all delivered right to your inbox every Monday morning. You may, of course, opt out at any time.
  • Opportunity for questions and feedback.
  • Unbiased third-party director education.
  • 60 minutes -- maximum value for time.

 

Sponsor

Semler Brossy
The Evolution of Enterprise Governance Across Generations
The Private Company Board Compensation Summary Report 2020

Directors Record

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