Aspiring Directors Workshop

Welcome to Ascend Pinnacle’s

April 6, 2018Four Seasons Hotel | San Francisco, CA

Sponsored by

Center for Board Matters

Ascend is the largest, non-profit Pan-Asian membership organization for business professionals in North America. Established in 2005, Ascend’s network includes over 60,000 senior executives, professionals, and MBA/undergraduate students involved in our 17 professional chapters and 34 student chapters. As a career lifestyle organization, we offer robust leadership and professional development programs designed to cultivate Pan-Asian talent by supporting our members in reaching their career potential and by supporting our corporate partners to develop a strong, diverse, and inclusive workforce to achieve business growth.

Objectives:

• Connect Pan-Asian leaders across industries through a network of seasoned professionals and emerging leaders

• Enable young professionals and emerging leaders to pursue their dreams and achieve new professional heights

• Assist our partners and sponsors to achieve business growth through world-class diversity and inclusion practices

Please join us at the 2018 Ascend National Convention & Career Fair, August 20–22, 2018 at the San Francisco Marriott Marquis.

Pinnacle was launched by Ascend to focus on Asian American corporate board directors on US company boards.

Vision

Help corporations enhance their business objectives by increasing the number of Asian American corporate board directors.

Goal

Create a platform to network, leverage and support current Asian American corporate board directors; develop aspiring candidates for future board service; and provide thought leadership regarding corporate board issues. The goal is that each year, the number of new Asian Americans on Fortune 500 boards should reflect the Asian population in the United States (6.8 percent in 2015).

Pinnacle membership

Pinnacle has two categories of membership: Experienced public company board directors and aspiring board directors. Pinnacle uses the “pull” from the experienced and the “push” from the aspiring to create momentum for change. Members are encouraged to support Ascend’s Pan-Asian initiatives such as Pinnacle by coming Lifetime Members of Ascend.

welcomeWelcome to the Second Ascend Pinnacle Aspiring Directors Workshop!

We launched Ascend Pinnacle with a simple goal: increase the number of Asian Americans on public company boards.

FACT 1: Asians (including Asian Americans and all Asians) occupy only 3.1% of the 5,440 Fortune 500 board director seats.

FACT 2: Nearly 80% of the Fortune 500 corporations have no Asians on their boards.

FACT 3: Asians are the least likely to be promoted to managerial or executive positions, inspite of being the largest minority group of professionals and the most likely to be hired.

We are here to change this. Each of you have progressed through successful careers thus far and have experienced an interest in serving in a corporate board role in the future.

Ascend Pinnacle’s primary focus is on Asian American directors on US public company and large private company boards. We are delighted to welcome each of you to the Aspiring Directors Workshop and are excited about your interest in serving in a Board leadership capacity.

We express our gratitude and appreciation to EY, our Corporate Sponsor for this workshop, and Ajay Anand, an EY Principal and D&I leader, who has been a long-time supporter of Ascend. Together, we are committed to making a positive impact in the corporate boardroom. We would also like to thank each of you for joining us and we ask you to stay engaged, be proactive and help us shape the future of our organization and mission.

Janet WongExecutive Advisor, AscendAspiring Directors Workshop Chairman

S.K. GuptaManaging Director, AscendCo-founder, Ascend Pinnacle

Irene Chang BrittAspiring Directors Workshop Vice-Chairman

Breakfast8:00 a.m.

Opening remarksS.K. Gupta, Kay Matthews, and Janet Wong (emcee)

8:45 a.m.

Keynote speaker sessionDinesh Lathi

9:00 a.m.

Current landscape and boardroom basicsEY Center for Board Matters with Priya Huskins and Steve Hibbard

10:00 a.m.

Priorities for US boards in 2018Atul Sharma

10:45 a.m.

Journey to the boardPhyllis Campbell, Harvey Fine, Michael Fung, Sara Matthews, Lee Dutra (moderator)

11:15 a.m.

Lunch12:15 p.m.

Fireside chat with special guestAjay Anand interviews Clara Shih

1:00 p.m.

Getting board readyDan Clifford

2:00 p.m.

Acing the board interviewJeannie Diefenderfer, Ekta Singh-Bushell, Carl Sparks, and Irene Britt (moderator)

3:30 p.m.

Closing remarks and wrap-upAjay Anand and Janet Wong

4:15 p.m.

Branding session — one on one coaching2:45 p.m.

Break10:30 a.m.

Break3:15 p.m.

agenda

speakers

Irene BrittBaybridge Seniors Housing, Dunkin’ Brands Tailored Brands, Brighthouse Financial

Irene Chang Britt is an experienced Board Chair and Committee Chair on both Public Company and Private boards, spanning industries as diverse as Retail, Restaurants, Financial Services, Senior Living, Biotech and Energy. She currently serves on the boards of: Baybridge Seniors Housing (Chair of the Board), Dunkin’ Brands (Chair, N&CG), Tailored Brands (Chair, N&CG), and Brighthouse Financial (Chair, N&CG). She is a retired Fortune 500 C-Suite business leader, with a distinguished 30 year track record of business transformations at companies such as Campbell Soup Co, Kraft Foods, Nabisco and Kimberly-Clark. Irene earned her B.A. degree from the University of Toronto, and her MBA, with honors, from the University of Western Ontario (Richard Ivey School of Business).

Phyllis CampbellJPMorgan Chase & Co.

Phyllis Campbell is the chair for the Pacific Northwest region for JPMorgan Chase & Co. Previously she served as the president and CEO of The Seattle Foundation - the largest community foundation in Washington. Phyllis is an independent director for Alaska Air Group. She served on the Nordstrom board of directors and chaired the Audit Committee for seven years. She serves on the Diversity Advisory Board of Toyota. Phyllis is also on the nonprofit boards of the US-Japan Council, as well as the global advisory board of Women Corporate Directors. She is a member of the National Association of Corporate Directors’ Audit Committee Chair Advisory Council.

Ajay AnandEY

Ajay is a Senior Partner for some of EY’s most strategic clients in the technology sector. His teams consist of over 2,000 professionals working in over 80 countries in disciplines spanning from consulting, accounting, tax, and transactions. He has 25 years of experience in providing leadership in developing strategy, managing complex transformations, driving process improvement, and implementing technology solutions with large global companies.

Prior to EY, Ajay was Executive Vice President of Marketing and Business Development for venture funded technology startups.

Ajay is a leader of many Diversity and Inclusiveness initiatives at Ernst & Young. He currently serves on EY’s Global Diversity and Inclusiveness Steering Committee responsible for leading the strategy and efforts to enhance EY’s inclusive culture across the globe.

speakers

Lee DutraEY

Lee, an assurance partner with more than 34 years of public accounting experience, is the Office Managing Partner of our San Francisco office, where he leads over 1,600 people in our Assurance, Tax, Advisory and Transactions service lines. Lee was previously the Managing Partner of Ernst & Young’s Advisory services practice in the Pacific Northwest, and prior to that, was the Managing Partner or our Walnut Creek office.

Over the course of his career Lee has worked in several US Ernst & Young offices, and for 7 years in EY Germany. During his tenure with our firm, Lee has served primarily assurance clients in the consumer products, retail, and manufacturing industries. He also has in-depth experience with SEC registration statements and business combinations, having guided clients through a number of initial public and secondary offerings, as well as various purchase and divestiture transactions. Clients served include The Coca-Cola Company, Toys-R-Us, Mervyn’s Stores, and Kelly-Moore Paints, among others. He was most recently the Coordinating Partner on The Clorox Company and Landec Corporation, and currently serves as Engagement Quality Reviewer on Guess? Inc., PriceSmart, and Smart & Final.

Lee received a Bachelor of Business Administration with Honors, from Cal State University, Hayward. Lee and his wife Melissa, reside in Danville, CA.

Lee is a member of the board of Governors of The Commonwealth Club, and the Board of Advisors for the National Association of Corporate Directors. He is a former member of the board of Junior Achievement of the Bay Area, and the Bay Area Science Fairs. He is also a member of the Alexis de Tocqueville Society of United Way of the Bay Area.

Daniel CliffordEY

Dan Clifford leads EY’s Board Referral Program. He works closely with the EY Center for Board Matters to facilitate connections between candidates and opportunities for board of director roles. Using his boardroom knowledge and relationships within the governance space, he is able to introduce candidates to potential corporate board opportunities. These connections are only built with companies EY does not audit. Additionally, he works with retiring EY partners, EY alumni and high-profile, public company C-suite executives to support all aspects of their journey to the corporate boardroom. Dan has worked with hundreds of individuals, from across every industry and every-sized organization, to help them get board-ready, prepare for interviews and become further connected to the board ecosystem.

speakersJeannie DiefenderferCourageNpurpose, LLC

Jeannie Diefenderfer has over 28 years of technical and operational experience with 10+ years in executive leadership positions in Verizon Communications, a Dow 30 company, including a 10,000- person global customer care organization for Verizon’s largest enterprise customers.

Ms. Diefenderfer is an independent director on the board of Windstream Holdings, Inc. (NASDAQ: WIN), Chair of the Accenture Network Advisory Council, an Advisor to Sedona Systems, and Vice Chair and Trustee of Tufts University.

A native of Seoul, South Korea, Ms. Diefenderfer immigrated to the US when she was 13 years old. She holds a BS in Chemical Engineering from Tufts University, and an MBA from Babson College.

Stephen D. HibbardJones Day

Stephen D. Hibbard, a Jones Day litigation partner, has represented U.S. and foreign companies, financial institutions, and individuals for 30 years in securities class actions, merger litigation, derivative actions, and corporate governance disputes in industries ranging from investment banking to venture capital, semiconductors to software, and biotech to pharmaceuticals. He also regularly advises public company boards on fiduciary duty and disclosure issues. Steve has handled dozens of SEC and other regulatory actions, and has represented more than a dozen U.S.-listed Chinese companies in securities litigation. A past president of the Association of Business Trial Lawyers of Northern California, Steve is Chairman of the Carnegie Council for Ethics in International Relations and a director of Lawyers Without Borders. He graduated from Yale Law School and the University of South Carolina.

Michael FungFormer Senior Vice President and Chief Financial Officer, Wal-Mart US

Michael Fung retired from Wal-Mart Stores, Inc. in 2011 after 11 years as their Senior Vice President and Chief Financial Officer for Wal-Mart U.S. In that capacity, Michael was responsible for strategy, merchandising, operations, real estate, logistics, ecommerce and financial planning. He joined Wal-Mart after serving as the Chief Financial Officer for Bass Pro Shops, Vanstar Corporation and Sensient Technologies. Michael currently heads the Audit Committee and is a member of the Board of Directors for 99 Cents Only Stores in L.A. and Franklin Covey, Inc. in Salt Lake City. Michael received his MBA from the University of Chicago’s Booth School of Business, his BS in Accounting from the University of Illinois at Chicago and his CPA license from the State of Illinois. He is a member of the Financial Executives Institute and the American Institute of Certified Public Accountants (AICPA). Michael is the chair of the Board of Directors for the Asian Pacific Islander American Scholarship Fund (APIASF). He is also a member of the Committee of 100, The University of Illinois Foundation and Organization of Chinese Americans (OCA).

Harvey FineMaris Global Capital

Harvey Fine, Managing Partner, Maris Global Capital – Mr. Fine is Managing Partner of Maris Global Capital, the private equity investment platform for a global multi-family office. Previously, he built Fosun Group’s global investment platform as Managing Director - Deputy Head of Global Investments & Strategies, launching Fosun’s first international office and deploying over $1.6 billion in private equity investments, including in St John Knits and Cirque du Soleil, for both of which he was Fosun’s Board representative. Mr. Fine holds a Masters degree from Columbia University, where he was a Research Assistant for Nobel Laureate Professor Joseph Stiglitz, and a B.S. in Economics from the Wharton School. He is a Board Member of Magine, a European OTT video technology company.

speakers

Priya HuskinsWoodruff-Sawyer & Co

Priya Cherian Huskins is a partner at Woodruff-Sawyer & Co., a full-service insurance brokerage. Author of the popular D&O Notebook blog, Priya is a recognized expert in D&O liability risk and its mitigation. In addition to consulting on D&O insurance matters, she counsels clients on ways to reduce their exposure to shareholder lawsuits and regulatory investigations. Priya serves on the board of directors of an S&P 500 public company, a large private company, a fin-tech start-up and a non-profit. She also serves on the advisory board of the Stanford Rock Center for Corporate Governance.

Dinesh LathiTailored Brands

Dinesh Lathi is Chairman of the Board of Tailored Brands, Inc. He was the CEO of One Kings Lane, a leading online retailer of home décor. Prior to One Kings Lane, he was a senior executive at eBay for nearly 8 years. He started his career in investment banking and private equity. Mr. Lathi received his BS in Materials Science and Engineering from MIT and an MBA from the Harvard Business School.

S.K. GuptaAscend Pinnacle

S. K. Gupta currently serves as the Managing Director & Co-Founder of Ascend Pinnacle, a network of Asian American Corporate Board Directors and as an Executive Advisor to the Ascend Board. Pinnacle has grown to become the largest network of experienced Asian American Corporate Directors. He was elected a Charter Member of The Indus Entrepreneurs (TiE) in 2012 and to the Board of APIASF, Asian Pacific Islander American Scholarship Fund in 2014. S. K. has served on a wide range of boards, including the Sandia National Laboratories, Bay Area Council, San Jose Museum of Art, Leadership Education for Asian Pacifics (LEAP) and MIT’s Lean Aerospace Initiative (LAI) Consortium. He is a recognized expert on leadership, especially for leading change and developing minority leadership, and has been quoted in various national media. Earlier as Vice President at Lockheed Martin he was responsible for leading the Operations organization at the Space Systems Division. He has been awarded the Ellis Island Medal of Honor.

Sara MathewBoard Director, Campbell Soup Company, Freddie Mac, Shire and International Advisory Council of Zurich

Sara Mathew retired as Chair/CEO of D&B in 2013. During her tenure, she transformed D&B from a data company to an innovative, digital enterprise introducing Data-as-a service (DaaS) and Big Data Analytics to drive value in the marketplace. Sara was named to FT’s 50 Women at the top in 2013, Top value creator in the S&P500 by Chief Executive magazine in 2014, and NACD’s Directorship 100 list in 2015. Prior to D&B, Sara spent 18 years at Procter & Gamble. She currently serves on the Boards of the Campbell Soup Company, Freddie Mac, Shire, and the International Advisory Council of Zurich.

B. Kay MatthewsEY

Kay is the Managing Partner for the West Region which includes our California, Washington, Oregon, Utah, Nevada, Alaska and Hawaii markets, and is a Vice Chair of Ernst & Young’s Americas and US Boards. Kay has more than 30 years of public accounting experience. Prior to her current role, she served as the Americas Chief Operating Officer for Assurance and Advisory Business Services across North and South America, the Caribbean, and Israel in addition to her client serving responsibilities.

Over the course of her career she has worked in several Ernst & Young offices, including Houston and Austin, Texas; San Jose, California; and The Hague, The Netherlands, where she served clients in the software, semiconductor, transportation, aerospace and defense and financial services industries.

Kay received a Bachelor of Business Administration with Honors, in Accounting from Texas Tech University. She joined Ernst & Young in The Hague, The Netherlands. Kay, and her husband Tor, reside in the Bay Area where she is a board member and member of the finance committee for KQED (public media for Northern California) and is the 2013 Distinguished Accounting Alumnus of Texas Tech.

speakersAtul SharmaEY

Atul is a Partner in the Finance practice of EY, San Francisco, with a focus on CFO agenda, and shareholder value. Prior to EY, Atul founded two technology companies in Canada and Bay Area, and started his career as a Scientist at IBM Research. Atul has B.S. and M.S. in Computer Science, MBA course work from Harvard Business School, and a Masters in Management (Finance) from MIT Sloan School of Management.

Clara Shih Hearsay Systems

Clara Shih is CEO and founder of Hearsay Systems, which provides the leading advisor-client engagement solution for the financial services industry, empowering global teams to efficiently and compliantly use social media, advisor websites, email, and text messaging to reach the right client, at the right time, with the right message. A pioneer in the social media industry, Clara developed the first social business application in 2007 and subsequently authored the New York Times-featured best-seller, The Facebook Era. Her latest book, The Social Business Imperative: Adapting Your Business Model to the Always-Connected Customer, was released in April 2016. Clara has been named one of Fortune’s “Most Powerful Women Entrepreneurs,” Fast Company’s “Most Influential People in Technology,” Businessweek’s “Top Young Entrepreneurs,” and a “Young Global Leader” by the World Economic Forum. She also has been listed in both Fortune’s and Ad Age’s “40 Under 40,” as well as InvestmentNews’ “40 Under 40” and ThinkAdvisor‘s IA 25 – Industry Influencers. Clara is a member of the Starbucks board of directors and previously served in a variety of technical, product, and marketing roles at Google, Microsoft, and Salesforce.com. She graduated #1 in computer science at Stanford University, where she also received an M.S. in computer science. She also holds an M.S. in internet studies from Oxford University, where she studied as a U.S. Marshall Scholar.

Ekta Singh-BushellExperienced Board & Committee Member

Ekta Singh-Bushell serves on the Board & Audit Committee of TTEC (NASDAQ:TTEC), a global leader in customer experience and is board advisor to start-ups. Her extensive global, multi-sector operating expertise in finance, audit, digital, technology, & cybersecurity provide necessary & desired skills, experience & perspective to public, private & start-up Boards. Formerly, COO Executive Office, at the Federal Reserve Bank of NY; a 17+ year veteran with EY, Ekta served in various leadership roles, including global client services & managing partner roles as global & Americas IT Effectiveness leader, Northeast advisory people leader, US innovation & digital strategy leader & global CISO. She has multi-sector strategy, business launch, P/L & board service experiences, having worked in 40+ countries, lived & worked in India, London, US. Member of WCD, NACD & Ascend Pinnacle, Ekta has a CPA, M.S in Electrical Engineering & Computer Science from UC Berkeley & advanced certifications in governance, cyber-resilience, information systems security, audit & control.

Carl SparksHookset Holdings

Carl Sparks currently serves on the board and audit committee for Dunkin’ Brands (DNKN) and previously served on the board of Vonage Inc. (VG) chairing the nominating and governance committee. Carl serves on the board of ActionIQ, which is backed by Sequoia and Andreesen Horowitz. He is an investor and advisor to a number of early stage technology companies in consumer and enterprise. He is the former CEO of Travelocity Global and CMO of Expedia Inc. Carl holds a BSE in Mechanical and Aerospace Engineering from Princeton University and an MBA from Harvard Business School.

Janet WongEnviva

Janet S. Wong is a Board Director and Audit Committee Chairman for Enviva Partners (NYSE: EVA). She is a CPA and a retired Partner with KPMG. She is on the Advisory Board for BigControls, a technology company based in San Francisco. Janet volunteers as an Executive Advisor to Ascend and as a Trustee for the Computer History Museum. She is also on the Louisiana Tech University Foundation Board and the Louisiana Tech University College of Business Advisory Board. She holds a Master of Professional Accountancy degree from Louisiana Tech University and a Master of Taxation from Golden Gate University.

attendeesName Title Company

Raj Agrawal EVP, CFO and Global Operations The Western Union Company

Sharda Cherwoo Partner EY

Anatolio B. “A.B.” Cruz III SVP, Enterprise Shared Services, Chief Legal Officer USAA

Anindo Dutta Group Vice President Oracle

Yardley Ip General Manager Zillow

Raman Khanna SVP & MD, Dell Technologies Capital Dell

Mich Koyama Partner EY

Helen Loh SVP, Digital, Content & Client Marketing Charles Schwab

Marty Lorenzo VP, Legal Affairs Petco

Richard Luis News Anchor MSNBC

Ranjan Manoranjan Principal PRIME Engineering

Alka Patel Deputy Director, Risk & Regulatory Services Innovation Center Carnegie Mellon University

Kiran Rudraiah Group Manager T Mobile

Atul Saran EVP, Corporate Development and General Counsel Emergent BioSolutions

Faye Sahai Global Head of Advanced Technology & Employee Experience AIG

Zeenat Sidi President Capital One Home Equity Business

Christiane Wuillamie Founder & Director Elegius, Ltd

notes

notes

Do boards need all the answers if they ask the right questions?Find out how the EY Center for Board Matters provides the insights to tackle the most complex issues.ey.com/boardmatters