Consulting Roundtable
Boards and Corporate Renewal - A Call
for Early Action
April 28, 6:00 PM - 8:00 PM
Too often boards sit by while management lets strategy and
operations deteriorate into crisis. How does this happen, and
how can boards do a better job? More
Details.
Where:
Gleacher Center
Room 600
450 North Cityfront Plaza
Chicago, Illinois
Who:
William J. Hass
CEO
Teamwork Technologies
Shepherd G. Pryor IV
Managing Director
Board Resources
Program:
6:00 PM - 6:30 PM: Registration and Networking
6:30 PM
- 8:00 PM: Program
8:00 PM - 9:00 PM: Optional Social Hour
at Midway Club
Fee:
No Charge
Registration:
Register Online
Dennis Aust
roundtable@virtualstrategist.net
Questions:
Dennis Aust, '80
roundtable@virtualstrategist.net
Event Details:
Boards should be in the best position to perceive the need to renew strategies
and operations, and to prompt management into taking corrective action. Too
often they miss the call. Why don't they do a better job? What can they do?
If the board and management monitor the fundamental signs of performance,
they will see problems coming before their choices are limited. Numerous
researchers have pointed out that denial paves the way to corporate disaster.
Boards see the warning signs, but either ignore them or don't believe them.
CEOs talk themselves and the board out of pursuing the trail that the clues
point to. It takes incredible commitment and perseverance to reverse the
tide, but it can be done.
With one eye on a cost-of-capital analysis, and
one on the strategic path to the future, management can plot new directions
for the company and break the chain of denial. We will discuss some specific
lessons from the past and look into what could have been done to avert
the ultimate problems.
Speaker Profiles
William J. Hass, CTP, is CEO of TeamWork Technologies,
a turnaround and senior management/board consulting firm in Northbrook,
Illinois. He is a former Partner of Ernst & Young and past
Chairman of the Turnaround Management Association, the Association
of Corporate Renewal (over 6,000 members). He remains active as
Chairman of the association's National Academic Initiatives Committee
and is the President Elect of the Chicago/Midwest Chapter, having
received the Chicago/Midwest Chapter's Educator of the Year Award
in 2002 and 2003. He is a certified turnaround professional (CTP)
and Vice President, Education of the Association of Certified Turnaround
Professionals. Hass is a community leader for the Center for Corporate
Financial Leadership (over 25,000 members), an affiliation of 7
State CPA societies, and member of the National Association of
Corporate Directors. Hass advises CEOs and boards, and has worked
with the strategic plans of hundreds of organizations His first
presentation to a board of directors of a Fortune 50 Corporation
was in 1972. He is an elected official of the Twin Lakes Lake Restoration
and Preservation District and serves on various non-profit boards.
He can be reached at wjhass@TeamWorkTechnologies.com
Shepherd G. Pryor IV, is Managing Director
of Board Resources, a board consulting firm (division of TeamWork
Technologies). He is Lead Director of the board of Archibald
Candy Corporation, a manufacturer and retailer, a member of
the board and Audit Committee and Chairman of the Corporate
Governance and Nominating Committee of Taylor Capital Group,
a bank holding company, and a member of the board and Audit
Committee of HCI Direct, Inc., a manufacturer and direct marketer.
He was formerly Senior Vice President and Deputy Group Head,
Corporate Banking, Wells Fargo Bank, N.A., and formerly a member
of the Board of Directors, Audit Committee, and Co-Chairman
of the Special Committee of Petrolane, Inc. (NASD), a propane
distribution company. Pryor has analyzed and worked on the
financings of hundreds of companies. He teaches International
Finance and Corporate Investment Analysis to MBA candidates,
provides expert testimony on banking and financial issues,
and serves on various non-profit Boards. He can be reached
at SGPiv@alumni.Princeton.edu
