2022 Convening Agenda Fall

WELCOME LUNCHEON

PANEL: Seizing the Trillion Dollar Opportunity

Short Take: The Economic State of Latinos in America Report

Presenters: Jorge Amar, Partner, McKinsey & Company and Lucy Perez, Senior Partner, McKinsey & Company

The McKinsey report reveals that Latinos in America are missing out economically and, in a situation of full parity, Latino businesses could generate an additional $2.3 trillion in total revenue each year, and 735,000 new businesses could be created supporting 6.6 million new jobs. This is a missed business opportunity. Hear from experienced directors how they have modeled leadership in the boardroom to advance business and present investment in the Latino market as a smart business opportunity.

Moderator: Ilana Musa* - Co-Head of International Wealth Management and Global Head of International Banking and Lending, Morgan Stanley

Panelists
The Hon. Gaddi Vasquez* - Former Ambassador to the UN; Director: Granite Construction

The Hon. Carlos Gutierrez - Former Secretary of Commece, Former CEO of Kellogg; Director: Exelon Corp; MetLife, Inc.; Occidental Petroleum Corp.

Debra Sandler* - Director: Archer Daniels Midland Company; Dollar General Corporation; Gannett Co. Inc.; Keurig Dr Pepper Inc.

CONCURRENT SESSIONS

Concurrent Session 1:
Latinos as a Smart Investment: A Deeper Dive

Latinos are an economic engine for the US and the fastest growing group: by 2030, 1 in 5 workers will be Latino. They also have the highest rate of entrepreneurship of any race: their businesses have grown by 12.5% over the past five years, compared to 5.3% for White-owned businesses. Yet the McKinsey report revealed the challenges Latino entrepreneurs face in securing the capital they need to grow. Our panel of experienced directors and investors will share what is being done, and what more can be done, to create more investment in human capital and to drive more capital to Latino-owned business in America.

Moderator: Dr. Marta Tienda* - Professor Emerita, Princeton University; Trustee: TIAA

Panelists:
Adela Cepeda* - Chair, Angeles Investors; Director: BMO Financial Corporation; Mercer Mutual Funds; Pathway Mutual Funds; UBS Funds

Gary L. Trujillo* - Founder, President, & CEO, Southwest Harvard Group

Fidel Vargas* - CEO, Hispanic Scholarship Fund; Director: Snap

Concurrent Session 2:
Ask the Expert: Board Oversight of Climate Risk and the Opportunity

As the world grows warmer with each year, conflicting stakeholder demands add complexity as boards work to provide oversight and guidance on these important issues. In this Ask the Experts Session, join a panel of LCDA members and partner experts who will deliver an update on how boards are exercising leadership as climate change increasingly impacts company strategy and operations. Following the short panel discussion, we will open the floor for our experts to answer your questions on this important topic.

Moderator: Susan Angele - Senior Advisor, Board Leadership Center, KPMG

Panelists:

Graciela Ivonne Monteagudo* - Diretor: ACCO Brands Corporation; iHeart Media Inc.; The Juice Plus+ Company LLC; WD-40 Company

Sarah Morgan - Partner and Department Co-Head of Capital Markets and Mergers & Acquisitions, Vinson & Elkins

Concurrent Session3:
Serving on Private-Equity Backed Company Boards

Service on a private or PE-backed company board versus a public company brings a different set of challenges and opportunities than serving on a public company board. What makes these boards unique? How do large PE firms identify and leverage independent directors for their companies both during the ownership period and when taking it public? Our panel will explore the significant role PE firms play in shaping the boards of their portfolio companies and what initiatives they have in place to tap excepional diverse talent for these positions.

Moderators: Francisco Sanchez* - Former Undersecretary, US Department of Commerce; Director: Archer Daniels Midland Company

Panelists:

Selma Bueno, Head of Multicultural Client Strategy, Morgan Stanley
Courtney della Cava - Senior Managing Director and Global Head of Portfolio Talent & Leadership, Blackstone

Ben Holzemer - Partner, Global Head of Human Capital, TPG

Luis Zaldivar - Co-Founder and Managing Partner, Avance Investment Management, LLC

PANEL: Navigating Uncertain Times--Looking Ahead

Short Take: Update on the Economy and Financial Markets

Presenters: Seth Carpenter, Chief Global Economist, Morgan Stanley

The long recovery from the pandemic, the Russian invasion of Ukraine as well as other geopolitical forces impacting the supply of energy, agricultural products and essential technology components, and the great resignation/reshuffling/rethinking - these forces and more have challenged traditional economic markers and financial models, with companies facing an unusual combination of inflation and recession concerns, as well as labor and supply chain shortages. In addition, the increasing role of stakeholder activism around social justice issues and ESG topics has challenged traditional company roles. How do corporate directors keep their cool and keep their company on the right path when the sky is falling every day around them? In this session we'll hear from seasoned directors on how they're dealing with this changing landscape and what they see on the horizon for the future.

Moderator: Jose Rodriguez* - Former Partner, KPMG; Director: CareMax, Inc.; Popular, Inc.; Primoris Services Corporation

Panelists:
Sylvia Acevedo* - Former CEO, Girl Scouts of the USA; Director: Credo Technology Group Holding Ltd; Qualcomm, Inc.

Jesus Mantas* - Senior Managing Partner, IBM Business Consulting Services, Inc.; Director: Biogen, Inc.

Gisel Ruiz* - Former COO, Sam's Club; Director: Cracker Barrel Old Country Store, Inc.; Executive Network Partnering Corp.; Univision Holdings, Inc.; Ulta Beauty Inc.; Vital Farms, Inc.

FEATURED SPEAKER: Fireside Chat with James P. Gorman, Chairman & CEO, Morgan Stanley

James P. Gorman, Morgan Stanley Chairman and CEO, has been with the firm since 2006 and as CEO since 2010, when he succeeded John Mack. Born in Australia, James came to the US to earn his Master’s degree at Columbia and then started his career with McKinsey & Co. He moved into the financial industry in 1999, when he joined Merrill Lynch, becoming the company’s Chief Marketing Officer. In 2006, James joined Morgan Stanley as President and Chief Operating Officer of the firm’s global wealth management group.

Join us for this intimate conversation with one of the top industry leaders in the country, as we learn about his leadership style, his and Morgan Stanley’s commitment to diversity, and what he sees for the future of the firm and the financial industry as well, in the face of current economic volatility.

Morgan Stanley Chairman and CEO, James P. Gorman in conversation with Elizabeth Oliver-Farrow* - LCDA Board Chair; Director: Hispanic Communications Network LLC.

Corporate Visionary Awards Dinner

The Corporate Visionary Award is in recognition of the exemplary representation of US Latinos on the Board of Directors. This Award celebrates companies with the distinction of having two or more US Latinos on their Board.

PANEL: A 21st Century Perspective of Equity and Inclusion in Board Recruiting

Diversity on corporate boards has been proven to be good for business and, with Latinos numbering nearly 20% of the US population, it makes business sense for boardrooms to include the Hispanic/Latino perspective, to offer insight into the new mainstream economy. Unfortunately, recent board trends shed light to a different reality. Hispanic/Latino directors continue to be woefully underrepresented and remain the least tapped. Hear from search firm leaders discuss how they and their organizations are supporting the LCDA mission to alter the current narrative.

Opening Remarks: Raúl Yanes - Managing Director, Chief Compliance Officer and Head of Non-Financial Risk for Morgan Stanley

Moderator: Geisha Williams* - Former President & CEO, PG&E; Director: Siemens Energy

Panelists: 

Victor Arias* - Partner/Managing Director, Diversified Search

Paulo Mendes - Latin American Regional Leader, Heidrick & Struggles

Francisco Paret - Partner, Egon Zehnder

Tierney Remick - Vice Chairman and Co-leader-Global Board and CEO Practice, Korn Ferry

PANEL: Nom/Gov Strategy: Strategic Board Composition and Tapping the Latino Board Talent Pool

Effective succession planning is vital to the long-term success of a company. Nominating and governance committees play an important role in selecting candidates for board appointments with their chairs leading the effort. It's important that they get their job right since their efforts strongly contribute to the quality f the board and its other board committees. So, how do Nom/Gov chairs work with their teams to approach these challenges and ensure they are crafting a boardroom that delivers diversity of thought and talent? Join us as we hear from experienced Nom/Gov chairs about how they approach that balancing act and how they are currently tapping into the incredible Latino board talent pool.

Moderator: Kim Casiano* - Director: Ford Motor Co.; Mutual of America Life Insurance Co.

Panelists:
Gustavo Alba - Partner, Heidrick & Struggles

Michael Bender - Former President and CEO of Eyemart Express, LLC, and Former COO, Global eCommerce, Walmart, Inc; Director: Kohl's Corp.

Jeff Brodsky, Senior Advisor, Morgan Stanley

Update on the Economy, Risk, and Diversity on Corporate Boards

Rising rates and inflation have driven significant market turmoil in recent months. We will hear insights from two industry leaders on where the markets are heading and where they see compelling opportunities to deliver for clients and investors while promoting sustainability and diversity.

Moderator: Louis Caldera*, LCDA Planning Committee Chair; Director: DallasNewsCorp; Granite Construction Inc.; Meritage Homes Corp.

Speakers:
Robert Camacho - Senior Managing Director, Head of Asset Based Finance, Blackstone

Byron Loflin - Global Head of Board Advisory, Nasdaq

CONCURRENT SESSIONS

Concurrent Session: 1
Ask the Expert: Board Governance of Cyber Risk

Cybersecurity continues to be high on the list of critical enterprise risks, and effective board oversight requires corporate directors to stay current about the ever-evolving threats and best practices. In this Ask the Experts Session, join a panel of LCDA members and partner experts who will deliver an update on the latest information in this field. Following a short panel discussion, we will open the floor to have your most pressing questions on cybersecurity answered.

Moderator: Isaura Gaeta* - Vice President, Security Research, Intel Product Assurance, and Security Engineering, Intel Corp.

Panelist:

Louis Caldera*, LCDA Planning Committee Chair; Director: DallasNewsCorp; Granite Construction Inc.; Meritage Homes Corp.

Myrna Soto* - Founder & CEO, Apogee Executive Advisors; Director: CMS Energy Corp; Popular, Inc.; Spirit Airlines, Inc.; TriNet Group, Inc.

Rachel Wilson, Head of Wealth Management Data Security and Infrastructure Risk, Morgan Stanley

Concurrent Session 2:

Ask the Expert: Compensation

As companies come out of the pandemic, the role of the Compensation Committee has shifted and the subject of CEO pay has become a target of activist investors, looking to push diversity and ESG initiatives, by tying them to executive compensation. Today's Compensation Committee has morphed into managing human capital management, as well as overseeing CEO compensation, and the new SEC rules on pay for performance. In this Ask the Expert Session, join a panel of LCDA members and partner experts who will share the latest information on these efforts. Come with your questions and, following the short panel discussion, we will open the floor to discuss all aspects of the role of the Compensation Committee.

Moderator: Stephen Brown - Senior Advisor, KPMG Board Leadership Center

Panelists:
Marisol Angelini* - Director: American Vanguard; Bush Brothers

Francis Hondal* - Former President, Loyalty Marketing & Engagement, MasterCard; Director: Bath & Body Works, Inc.; Equitable Holdings

Jan Koors - Senior Managing Director, Pearl Meyers

WEDNESDAY LUNCHEON - Sponsored by Bank of America

PANEL: Great Boards: A CEO Perspective

Short Take: Edelman Barometer, Insights from Latino Consumers

Ana Ceppi - Senior Advisor, Edelman

How well the CEO works with the board is crucial to the success of any business. For public companies, the additional transparency can add complexity and raise the stakes. Listen to insights from panelists who have seen both sides-as CEOs and also as independent directors-on what CEOs need from the board, what makes for a great CEO/board relationship, and how to build boards that are diverse, resilient, and successful.

Moderator: Raul Anaya* - President of Business Banking: President - Greater Los Angeles, Bank of America

Panelists:
Joe Alvarado* - Former Chair and CEO, Commercial Metals: Director: Arcosa, Inc.; Kennametal Inc.; PNC Financial Services; Trinseo PLC.

Grace Colon* - President and CEO, InCarda Therapeutics Inc.; Director: CareDx Inc.; ProterixBio

Steven Ortega*, Chairman, Leslie's Inc.; Former CEO, Leslie's Inc.