The Value of Enterprise-Wide Diversity: A Director's View
October 18, 2017
The newly released NACD Blue Ribbon Commission Report—led by Dr. Helene Gayle, CEO of the McKinsey Social Initiative, and Nicholas Donofrio, Director of BNY Mellon—focuses on the board’s role in overseeing organizational culture. Inspired by the report’s focus, this NACD CO panel presentation will explore how diversity of thought, orientation, and experience can add both book and market value to companies.
This program will dive deeply into the importance of emphasizing diversity, tracking progress, and contributing to discussions on diversity from the director’s seat.
We welcome Reatha Clark King, Retired NACD Chair and Director of Fortune 500 companies, Lee Hanson, Vice Chair of Heidrick & Struggles, Sara Prince, diversity subject-matter expert and Partner at McKinsey, and Susan Biancani, People Analytics, Airbnb, as panelists.
This is an opportunity for directors and guests to gain deeper knowledge and further develop their thinking on the value of diversity.
Location and Time
Denver Country Club
1700 East 1st Avenue
Denver, CO 80218
Susan BiancaniSusan Biancani is a Harvard and Stanford graduate, PhD data scientist, and leader of Airbnb's people analytics initiative. Not only is she an incredibly thoughtful and knowledgeable people analytics practitioner but her efforts were profiled by TechCrunch for having doubled the ratio of female members of the data science team.
Reatha Clark KingDr. Reatha Clark King is Emeritus Chairman of the Board of the National Association of Corporate Directors (NACD). She has extensive background experience in corporate governance and advancing board excellence. She is a former member of the Boards of Directors of the Allina Health System, Exxon Mobil Corporation, H. B. Fuller Company, Lenox Group Inc, Minnesota Mutual Companies (Securian), and the Wells Fargo Company. Currently, she is a member of the Board of Overseers of the Malcolm Baldrige Program for Excellence in the U.S. Department of Commerce, a Life Trustee of the University of Chicago, and a member of the board of the Minnesota Council of Churches Foundation. She has served on the boards of numerous major local and national nonprofit, philanthropic, and government organizations including the American Council on Education, the Council on Foundations, and the U. S. Commission on National and Community Service. In addition to serving for many years on NACD’s national board, Reatha has participated with several local NACD Chapters across the country. She has served on numerous NACD Blue Ribbon Commissions, including Board Leadership, Director Liability, Risk Governance, Effective Lead Director, Board Diversity, Talent Development, Strategy Development and Building the Strategic Asset Board. For over 45 years, Reatha worked in a variety of professional careers. She is former president and board chair of the General Mills Foundation and vice president of General Mills Inc. Prior to joining General Mills, she served for 11 years as president of the Metropolitan State University in the Twin Cities, and prior to that position, she was associate dean of York College of the City University of New York. A chemistry by training, King began her professional careers as a research chemist at the National Bureau of Standards in Washington, DC. She received her undergraduate degree in chemistry and mathematics from Clark Atlanta University, master’s and doctorate degrees in chemistry from the University of Chicago, and the MBA degree from Columbia University. Reatha has received numerous awards, including 14 honorary doctorate degrees, and the NACD 2004 Director of the Year Award. She has been chosen to be inducted into the NACD Directorship Corporate Governance Hall of Fame, Class of 2017 on November 29, 2017 Reatha and her late husband have two sons, a daughter-in-law and three grandchildren. She lives in Minneapolis, Minnesota.
Lee Hanson, ModeratorLee Hanson is a vice chairman in Heidrick & Struggles’ San Francisco and New York offices, and a senior member of the global Financial Services and Chief Executive Officer & Board of Directors practices, specializing in the private equity & venture capital, investment banking, asset management, and hedge fund industries. In addition to her executive search practice, Lee serves on the firm's Global Consultant Development Committee, was a member of the firm's inaugural Global Nominating Committee and the first partner-elected Global Partnership Council. Prior to joining Heidrick & Struggles, Lee was a director in the investment banking division of Merrill Lynch where she was instrumental in establishing and building a group that had client responsibility for the telecommunications industry. Her clients also included companies in the retailing, financial services, publishing, and consumer products industries. She was involved in assignments ranging from equity and debt financings, M&A, and general financial advisory projects, including assignments with companies in Europe and Asia. Lee began her investment banking career as an associate in the corporate finance division of Morgan Stanley. Prior to that, she served as a legal clerk to a federal district judge in New York. She was a trustee at the Head-Royce School in Oakland, California from 1997 to 2006, where she served as chair of its board for two years and was co-chair of the school's capital campaign. Lee also serves on the board of directors of Analysis Group, Inc. Lee earned a JD from Harvard Law School and graduated with a bachelor’s degree in economics, summa cum laude, from Yale University.
Sara PrinceSara Prince is a Partner in McKinsey & Company’s Atlanta Office. She leads McKinsey’s Consumer Commercial Transformation efforts along with North America Sales and Marketing capability building efforts. Sara has partnered with clients in various industries with a primary focus on addressing multi-faceted organization, sales & marketing and strategy challenges. While serving clients across multiple industries, Sara spends a significant amount of her time working with consumer and consumer related companies. In the continued pursuit of helping clients broadly in the areas of talent and capability, Sara recently co-authored McKinsey’s ground breaking work, "Diversity Matters", linking financial performance and levels of gender and ethnic diversity in a company’s leadership team. Sara has also published in the area of sales capability building and performance transformation.