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Global Finance Roundtable

November 11, 6:00 PM - 8:00 PM

Enhancing Financial Decision-Making 3 Ways

(see PDF slides)
  1. Piper Rudnick's & one of America's leading insurance lawyers David Mendelsohn tackles MINIMIZING LOSSES by understanding:

    • The lessons every company can learn from THE MOST RECENT ELLIOT SPITZER ALLEGATIONS
    • Money laundering/Patriot Acts
    • Why ESTABLISHED BUSINESS PRACTICES are not necessarily BEST PRACTICES
    • Compliance/legal issues
    • Do firms need to engage in CORPORATE ESPIONAGE to ferret out wrongdoing?
  2. Zurich North America's Robert Curtis focuses on MANAGING RISK by:
    • Using banking capital markets & insurance to:
      • REDUCE A FIRM'S COST OF RISK
      • Decrease its capital costs
      • SECURE LONG-TERM CAPACITY
      • Protect balance sheet from unexpected event(s)
      • ALIGN RISK MANAGEMENT STRATEGY WITH CORPORATE TAX & ACCOUNTING GOALS.
  3. Chartermast Partners' Dennis Aust covers LINKING FINANCIAL PERFORMANCE TO SHAREHOLDER VALUE by:
    • Deploying capital optimally
    • Paying your CEO for results (not for volatility or market trends)
    • Avoid holding your firm hostage to random stock price movements.

Where:
Gleacher Center
Room 621
450 North Cityfront Drive
Chicago, Illinois
Map on how to reach Gleacher Center

Program:
5:30PM - 6:00PM: Sponsor tables
6:00PM - 8:00PM: Panel Session
8:00PM - 9:00PM: Cash Bar Reception

Who:
DAVID E. MENDELSOHN
Partner
Piper Rudnick LLP

ROBERT CURTIS
Senior Vice President, Zurich Corporate Solutions
Zurich North America

DENNIS N. AUST
Founder & Managing Director
CharterMast Partners LLC

Registration:
Register Online by November 11th

If having difficulties registering online, please contact Global Chair Kathy Graham at hqs1@juno.com or call her at 630.466.7095. For further information and bios, visit http://gsb.uchicago.edu/alumni/roundtable-detail.aspx?groupid=457.

Business casual to business attire is appropriate. You do not need to be a GSB alum to attend plus guests are also welcome provided everyone registers their attendance in advance.

Questions:
Kathy Graham
630.466.7095
hqs1@juno.com

Event Details:
Enhancing financial decision-making requires a multi-strategy approach. Three ways to optimize these judgments will be explored this evening, namely:

1.) David E. Mendelsohn from Piper Rudnick LLP, who is considered to be one of America's leading insurance lawyers, tackles how to MINIMIZE LOSSES by answering these questions:

* WHAT ARE THE LESSONS EVERY COMPANY CAN LEARN FROM THE MOST RECENT ELLIOT SPITZER ALLEGATIONS?

* What are the important points to keep in mind regarding the Patriot Acts and money laundering?

* WHY ARE ESTABLISHED BUSINESS PRACTICES NOT NECESSARILY BEST BUSINESS PRACTICES?

* What?s the latest in corporate compliance and legal issues that a firm should be aware of?

* DO CORPORATIONS HAVE AN OBLIGATION TO ENGAGE IN CORPORATE ESPIONAGE TO FERRET OUT WRONGDOING?

2.) Robert Curtis from Zurich North America's Zurich Corporate Solutions. focuses on ENTERPRISE RISK MANAGEMENT, specifically addressing through case studies and design review:

* HOW CAN BANKING CAPITAL MARKETS & INSURANCE PRODUCTS COMBINED REDUCE A FIRM?S COST OF RISK, DECREASE ITS CAPITAL COSTS, & SECURE LONG-TERM CAPACITY?

* How can an integrated risk financing program work equally well for a small company, a Fortune 500 consumer products firm, an industrial manufacturer, healthcare organizations ? including large hospitals, an energy conglomerate, and a high tech/telecommunications company?

* INTELLECTUAL PROPERTY LAWSUITS, ERRORS & OMMISSIONS, PROPERTY DAMAGE, CRIME, BUSINESS INTERRUPTION, EQUIPMENT, ALL TYPES OF LIABILITIES, TERRORISM LOSS all covered AT LOWER COSTS, while also PROTECTING FIRM'S BALANCE SHEET FROM 1 (OR MORE) UNEXPECTED EVENTS - how can that be possible?

* How can risk management strategy be aligned with corporate tax and accounting goals?

3.) Dennis Aust, Founder and Managing Director of Chartermast Partners, LLC will cover EMPIRICAL METHODS FOR LINKING FINANCIAL PERFORMANCE TO SHAREHOLDER VALUE by delving into:

* HOW TO PAY YOUR CEO FOR RESULTS (& NOT FOR VOLATILITY OR MARKET TRENDS)

* How to deploy capital to gain the greatest value impact

* USING INTRINSIC VALUE TO AVOID HOLDING YOUR FIRM HOSTAGE TO RANDOM STOCK PRICE MOVEMENTS.

Speaker Profiles:
DAVID E. MENDELSOHN focuses his practice in the areas of general corporate, technology and e-commerce, and insurer and reinsurer transactional and regulatory matters. He has experience representing many insurers, reinsurers, brokers, and other clients on a wide variety of transactions, including mergers and acquisitions and complex regulatory and reinsurance matters. Mr. Mendelsohn's practice also includes counseling clients on compliance and information management matters, such as records management and retention, contracts management, money laundering, data privacy and security, E&O risk management, and ethics. Based on peer and client reviews, Mr. Mendelsohn has been selected as one of America's leading insurance lawyers by Chambers and Partners, a respected English research firm, and is listed in The International Who's Who of Insurance and Reinsurance Lawyers, 2005. He frequently is invited to speak on a wide variety of issues affecting the insurance and reinsurance industry. Mr. Mendelsohn has made numerous presentations on insurance, reinsurance and commercial topics to a wide variety of audiences, including the Institute of London Underwriters; Reinsurance Association of America; Brokers and Reinsurance Market Association; Excess and Surplus Lines Claims Association; NAIC/SIR; Fédérations Françaises des Sociétés d'Assurances; London Insurance and Reinsurance Market Association; IAIR (f/k/a SIR); NAIC; Lloyds of London; International Reinsurance Congress; Fortune 500 CIO Forum; Practising Law Institute; Chicago Bar Association; and, the Canadian Bar Association.

ROBERT CURTIS is currently a Senior Vice President of Zurich Corporate Solutions (ZCS). Mr. Curtis is responsible for the underwriting and business development activities of Structured Solutions within ZCS for North America. He has expertise in the development of Integrated Financial Insurance, Structured Insurance, and Index-linked Solutions. Prior to ZCS, Mr. Curtis was a Vice President of Structural Underwriting, for AIG Risk Finance, The Unconventional Solutions Group of AIG. He specialized in the following programs on a global basis: Enterprise/Integrated Risk Programs, Finite Risk, and Exotic Loss Portfolio Transfers (incorporating finite risk techniques) of unique risk exposures (e.g., asbestos, toxic torts, occupational diseases, medical malpractice, etc.). He was in charge of structural underwriting for Canada, and the Western and New York Region of AIG Risk Finance. In addition to his business development role, he was also the lead/senior underwriter in structuring and pricing various Risk Finance programs to meet clients' business objectives. He is also a frequent speaker to audiences regarding asbestos, finite risk, enterprise risk management and strategic risk financing/capital markets. He has participated in International Business Communications seminars, the World Captive and Alternative Risk Financing Forum, Risk Management Society (RIMS) seminars, the Vermont Captive Insurance Association's Annual Meeting and is a Guest Lecturer at the American Graduate School of International Management's (Thunderbird) International Risk Management class. He has also been quoted in publications such as Business Insurance, Derivatives Strategy and Business Finance on the topic of enterprise risk financing and captive utilization. Mr. Curtis holds a Bachelors of Arts in Economics from Pacific Lutheran University. He later earned a Masters of Business Administration from the American Graduate School of International Management (Thunderbird) emphasizing International Finance. Mr. Curtis was awarded the Associate in Risk Management (A.R.M.) and Chartered Property and Casualty Underwriters (CPCU) designations in 1994 and 1996, respectively.

DENNIS N. AUST is Founder and Managing Director of CharterMast Partners, LLC, a consulting firm that helps senior executives and boards maximize the sustainable value of their firms. He has more than 25 years of experience helping companies maximize value through strategic insight and financial performance. His role at CharterMast includes the direction of consulting engagements and leadership for client research in shareholder value management. Prior to founding CharterMast Partners, Mr. Aust consulted within the strategy and technology practices at Computer Sciences Corporation. His career includes general management, consulting, teaching, and staff positions at FMC Corporation, Purdue University, and Callard, Madden & Associates, Inc. His roster of consulting engagements includes Northrop Grumman, Eaton, TRW, Heller Financial, FMC, Bell Atlantic (Verizon), Varity (Massey Ferguson), Campbell Soup, Amcena, TBG, BAE Systems, IVAX Corporation, and Continental Corp. Mr. Aust has published several articles covering topics in strategic analysis, consulting, financial management, innovation, and marketing. In addition to his regular contributions to The Virtual Strategist, an online strategy journal, Mr. Aust's articles have appeared in international publications including CEO Refresher, Effective Executive, Marketing Mastermind, and 'Managing Innovation in the New Millennium. Mr. Aust has spoken at conferences of the National Association of Accountants, the American Management Association, and the Windy City Treasure Management Summit. He holds an undergraduate degree in business and an MBA in management science from the University of Chicago.