Enhancing audit committee leadership and influence
Audit committees play an extraordinarily important role in corporate governance. They are a critical player in establishing confidence and trust in capital markets by ensuring high-quality, reliable financial reporting. In addition, many audit committees are now charged with overseeing additional risks, including vitally important areas such as cybersecurity.
Chairing the audit committee of a large public company is difficult. There are no one-size-fits-all solutions. Success requires judgment, developed from personal experience and insight from others who have faced similar situations.
Since 2007, the Central Audit Committee Network (CACN) has helped its members—the chairs of the audit committees at large public companies—succeed. Three times each year, Central members gather for a confidential group discussion. The conversations sometimes feature world-class guests, but the members’ voices dominate, and the agendas are driven by the audit chairs.
Tapestry Networks orchestrates the network, building on 15 years of convening board leaders in meaningful conversations. Tapestry helps members prepare for meetings with insightful, original reading material that draws upon tailored research and pre-meeting interviews with members and other leading thinkers. The meetings are synthesized into post-meeting publications that can be shared with colleagues. Everything is done under a non-attribution agreement that ensures candor and protects personal and company confidentiality.
Our members include:
- Anne Arvia, GATX
- Howard Carver, Assurant
- Pat Condon, Entergy
- Gary DiCamillo, Whirlpool
- Cheryl Francis, Morningstar
- Dick Gabrys, TriMas Corporation
- Mark Goldfarb, Charles Schwab
- Marla Gottschalk, Big Lots
- Mike Hanley, BorgWarner
- Harry Harczak, Tech Data
- Sandy Helton, Principal Financial Group
- Jay Henderson, The J.M. Smucker Company
- John Holland, Cooper Tire
- Laurette Koellner, Celestica and Papa John’s International
- Blythe McGarvie, LKQ Corporation
- Michael Merriman, Regis
- Bob Murley, Stericycle
- Rick Navarre, Civeo
- Neil Novich, Hillenbrand
- Al Smith, Simon Property Group
- Sherry Smith, Deere & Company
- Ingrid Stafford, Wintrust Financial Corporation
- Steve Strobel, Newell Brands
- Phoebe Wood, Invesco