4:00 p.m. - 4:45 p.m. Wine and Appetizer Reception
4:45 p.m. - 6:15 p.m. Program and Q&A
6:15 p.m. - 6:45 p.m. Networking
Inside the 2018 Report of the NACD Blue Ribbon Commission with James Lam
How to mitigate blockchain and overall digital innovation risk while embarking upon digital transformation with Christa Steele
Northern California Chapter Board Director John Hotta moderated the discussion
What should directors be asking themselves about risk in the year ahead?
NACD recently completed its 2018 Blue Ribbon Commission Report on disruptive risk. In a discussion moderated by John Hotta, James Lam, who served on the Commission, discussed the impact of atypical and disruptive risks to boards and shared recommendations to help boards enhance adaptive governance.
John Hotta then moderated a discussion with blockchain expert Christa Steele as they reviewed why boardrooms need to pay attention to blockchain and how to mitigate risk while implementing digital transformation.
In the final segment of the presentation, the three panelists closed by taking questions from the audience, and participants shared their own experiences throughout the evening.
What are our director attendees and guests had to say:
"The program set up, invited participants, and speakers all met the objective of beginning to evaluate board performance. It starts with the conversation we had tonight.""Excellent Program! The combination of speaker insights along with shared printed resources provides a complete picture of potential disruptive risks for both board members and executives affecting our organizations."
Christa Steele became the youngest CEO in the United States to lead a $3.5 billion asset size bank located in the San Francisco Bay Area. As a former public company CEO with $500 million in market cap and revenue in excess of $120 million annually, she improved core earnings 43% in a single calendar year, doubled the bank’s value in less than two years, and successfully led the bank’s sale for a premium in 2015.
For the better part of three years, Steele’s time has been spent on a variety of digital technology initiatives inside and outside of financial services and serving as an advisor/board member to the C-suite and boardroom. She is a well-known speaker and thought leader of blockchain technology, digital disruption, and how blockchain, artificial intelligence, big data, and the use of predictive analytics must be considered when evaluating a company’s overall digital and corporate strategy.
Steele was honored by the San Francisco Business Times as an influential leader in Bay Area business and recognized by Crowe Horwath for driving significant financial performance improvement. Her board directorships include FIG Partners LLC and Pacific Coast Banking School.
James Lam is the president of James Lam & Associates and a director of E*TRADE Financial Corp., where he chairs the risk oversight committee and serves on the audit committee. Lam is also an independent director of RiskLens. He previously served as founder and president of ERisk, partner of Oliver Wyman, chief risk officer of Fidelity Investments, and chief risk officer of GE Capital Markets Services. Lam has been named the inaugural Risk Manager of the Year by the Global Association of Risk Professionals (1997), to the “100 Most Influential People in Finance” by Treasury & Risk magazine (2005, 2006, and 2008), and to the NACD Directorship 100 (2017). He is the author of several best-selling books. Lam’s latest book is Implementing Enterprise Risk Management (2017). In addition to serving on NACD’s faculty, Lam is on the Carnegie Mellon University faculty for their Chief Risk Officer Executive Certification Program. Lam is an NACD Board Leadership Fellow.
John Hotta is a corporate board director (independent director). He has expertise in technology and has served on board advisory committees. The Financial Times named Hotta as one of the Agenda Digital 50. He began his career conducting artificial intelligence research at the RAND Corporation and in technology leadership roles at Microsoft, Accenture, and AT&T. He teaches NACD Master Class sessions on innovation and disruption for public company directors and has provided guidance as part of NACD Board Advisory Services. He has also earned designations as an NACD Board Leadership Fellow and Governance Fellow.
Hotta serves on the boards of the Seattle Foundation, FIRST Washington Robotics, the NACD Northern California Chapter, Kaiser Permanente Washington (Advisory Committee), and, previously, Swedish Healthcare and Martha Graham. He has expertise in technology, mergers and acquisitions, and operations. His firm, Capital Expert Services, helps board members and C-level leaders change their organizations and culture to optimize technology and unleash innovation. Hotta is an active leader in the Digital Directors Network for technology directors and Ascend Pinnacle for Asian corporate directors.