Adaptive Governance: Board Oversight of Disruptive Risks
Inside the NACD Blue Ribbon Commission Initiative 2018
Kelvin R. Westbrook, Director,
The Archer Daniels Midland Co.,
Camden Property Trust, The Mosaic Co. and T-Mobile
Businesses are increasingly faced with the volatility of an always-on global information network, shifting business models, disruptive natural events, transformative technological, social and demographic trends, and unpredictable global economics and geopolitics. In short, we are operating in a VUCA (volatile, uncertain, complex, and ambiguous) environment. As a result, directors need to assess, discuss, and oversee disruptive risks that could have a significant economic, operational, and/or reputational impact and provide guidance that helps our companies and organizations better prepare to respond when the unforeseen does occur. This initiative has explored board oversight of risks that are complex and difficult to identify and that carry major consequences for companies’ long-term value.
Take this opportunity to hear from Kelvin Westbrook, a St. Louis-based NACD member of our Heartland Chapter and one of the co-chairs of this year’s NACD Blue Ribbon Commission, who will discuss the report’s practical recommendations for board directors. Westbrook’s experience navigating disruptive risks on Fortune 500 boards covers industries as diverse as telco, banking, agriculture, and multi-family REIT.
We’ll also honor one of our founding NACD Heartland Chapter members, Jeannine Strandjord, for being selected as a Director of the Year. Chosen alongside the 2018 Directorship 100 honorees, Directors of the Year are recognized not only for exemplifying the principles of director professionalism, but also for outstanding recent achievements in board service. Read more about Jeannine's award, and join us in celebrating her accomplishments!