NACD Board Leadership Conference NACD Chapter System

Harmonizing Goals of Outside Directors with Management Teams - May 17

May 17, 2016
Los Angeles, CA



Among the issues that will be probed are: 

·      What’s the difference in the Board/Management relationship in companies that are public, private-equity-controlled, family-owned, and not-for-profit?

·      What’s the best balance between the respective responsibilities of the Outside Directors and the Management Team in determining and reviewing strategic, operational, and cultural imperatives?

·      To drive innovation and take risks, when should the Outside Directors and when should the Management Team have “a foot on the gas pedal” or “a foot on the brakes”?

·      How best to reconcile Outside Directors’ longer-term goals with the Management Team’s annual-bonus goals?

·      How can Outside Directors and the Management Team work best together to anticipate, obviate and, if necessary, respond to the concerns of shareholder activists or minority shareholders? 

·      Should Outside Directors be scrutinized and held accountable similar to Management Teams? 

Location and Time


The California Club
538 S. Flower Street
Los Angeles, CA 90071

11:00 a.m. - Registration / Networking
11:30 a.m. - Lunch / Program
 1:30 p.m. - Program End

Speaker Spotlight


Ron Sugar

Ron Sugar
Chairman Emeritus
Northrop Grumman Corporation

Ronald D. Sugar served as Chairman of the Board and Chief Executive Officer of Northrop Grumman from 2003 until his retirement in 2010.

During his tenure, Northrop Grumman grew to become one of the world’s largest aerospace and defense companies, with 120,000 employees and $35B annual revenue.

Prior to joining Northrop Grumman in 2001, Sugar held senior operating, technical, and financial positions at TRW Inc. and Litton Industries.

He is currently a director of Apple Inc., Chevron Corporation, Amgen Inc., Air Lease Corporation and serves as senior advisor to the private investment firm Ares Management LLC, Bain & Co., and Singapore ‘s Temasek sovereign wealth fund.

He is a trustee of the University of Southern California, member of UCLA Anderson School of Management board of visitors, director of the Los Angeles Philharmonic Association, director of Alliance for College-Ready Public Schools, and national trustee of the Boys and Girls Clubs of America.

He is past chairman of the Aerospace Industries Association, a member of the National Academy of Engineering, and a fellow of both the American Institute of Aeronautics and Astronautics and the Royal Aeronautical Society. He was appointed earlier by the President of the United States to the National Security Telecommunications Advisory Committee.

He received BS (summa cum laude), MS, and PhD degrees in engineering from UCLA and was subsequently honored as UCLA Alumnus of the Year.

Rafael Pastor

Rafael Pastor has an extensive and diversified track record in both running successful businesses and advising business leaders, resulting in the companies’ growth and increased shareholder value. Pastor’s career has spanned the media/entertainment, education, and business/financial services sectors. Across these sectors, he has particular expertise in membership companies and subscription businesses. Currently, Pastor serves on a variety of Boards. He is dedicated to helping organizations harmonize strategy (growth), execution (people), and culture (values). He serves on the Boards of KinderCare Education, insureWell, Boost Academy and RosettaBooks, as well as on the Advisory Boards of MD Revolution and Thuzio. He also serves as an Advisor to a major international private equity firm, to Vistage International, and to Sonenshine Partners. He is also a member of: the Board of the La Jolla Music Society; the Advisory Boards of the Rady School of Management and the School of Global Policy and Strategy, both at UCSD; the Board of the National Association of Corporate Directors (Southern California Chapter); and the Strategic Roundtable of the San Diego Regional Economic Development Corporation. Most recently, Pastor was Chairman of the Board and CEO of Vistage International, the world’s largest for-profit CEO membership company, with over 20,000 members in 15 countries. After running, growing, and quadrupling the value of Vistage from 2004-13, he managed its sale to two private equity firms, joined the new investors as a Board member and shareholder in the company, and remains a significant shareholder in Vistage. Previously, based in New York, Pastor held senior executive positions at global media companies as: CEO of Hoyts Cinemas Corporation; President of USA Networks International; Executive Vice President, International, of News Corporation and Fox Television International; and President of CBS/Fox Video International. In these positions, he dealt with all aspects of the film, television and publishing businesses in the United States and throughout the world. Subsequently, he co-founded and was co-Chairman of the Sonenshine Pastor (now Sonenshine Partners) investment-banking and venture-capital firm in New York City. Pastor started his career as an attorney, first at the Wall Street law firm of Hawkins, Delafield and Wood and then as Associate General Counsel at CBS Inc. He earned a BA from Columbia University and a JD from NYU School of Law. He has worked and traveled extensively abroad, and speaks five languages. In addition to his experiences as a Board member, Pastor has participated in numerous public-and-private-company Board meetings and deliberations as a CEO, investment banker, and attorney.



Question about this Event?

Contact Anne Ettley
409 N. Pacific Coast Hwy., #565
Redondo Beach, CA, 90277
phone: 310-817-0432 email: