NACD will publish a Blue Ribbon Commission report on the Board and Corporate Culture on October 1. Phyllis Campbell was one of the Commissioners who developed this report and she will pair with Cort O’Haver, President and CEO, Umpqua Holdings Corporation to discuss the findings of this very timely report. Culture oversight is a key board responsibility that is linked with strategy formation, CEO selection and risk oversight. There is no question that strong cultures contribute significantly to corporate success but it is not always obvious how directors can influence and monitor a company's overall culture. Culture formation has many components and Phyllis and Cort will discuss how directors can break them down into manageable pieces that can be monitored by the board. Please join us for what should be a lively discussion.
Phyllis Campbell is the Chairman, Pacific Northwest for JPMorgan Chase & Co. Previously, Phyllis served as the President/CEO of The Seattle Foundation, the largest community foundation in Washington. Prior to that, Phyllis was the President/CEO of U.S. Bank of Washington for over six years. Phyllis is the lead independent director for Alaska Air Group, a NYSE listed company. She served on the Nordstrom board of directors from 2005-2016 and chaired the Audit Committee for seven years. She currently serves on the North American Diversity Advisory Board (DAB) of Toyota. Phyllis is on the nonprofit boards of PATH, the US-Japan Council, and the global advisory board of Women Corporate Directors (WCD), among others. She is a member of the NACD Governance National Advisory Council. She is a frequently requested speaker on governance, audit and risk-related topics and has spoken at a number of global conferences. Her awards have included the following: In 2016, she was recognized as the “First Citizen” of Seattle/King County. In 2015, she was awarded the Lifetime Achievement Award by Seattle Business Magazine and the Rev. Dr. Martin Luther King Jr. Vision from the Mountaintop Award. She also was the Pinnacle Award recipient of the 2015 Outstanding 50 Asian Americans in Business Awards. In 2014, she was recognized by the National Association of Corporate Directors (NACD) as a “Top 100” Director, as chosen by a committee of her peers and The Ascend/Deloitte Inspirational Award. She was the inaugural NACD Director of the Year Award from the Pacific Northwest chapter, Top Women in Finance Award from Women of Color Magazine in 2010 and Woman Who Makes A Difference Award from the International Women’s Forum. She was also awarded the 36th Regents' Distinguished Alumnus Award from Washington State University.
As president and CEO of Umpqua Holdings Corporation, Cort O’Haver brings more than 30 years of expertise in banking and finance, and a track record of building high performance, growth-focused teams and organizations. O’Haver joined Umpqua in 2010 as executive vice president of commercial banking. In that role, he put in place a variety of initiatives to diversify Umpqua’s commercial banking business, adding international banking, equipment leasing and debt capital markets capabilities, among others. In addition, he oversaw a significant geographic expansion into new markets, and Umpqua now has a strong commercial presence across the West Coast’s fastest growing markets.
In 2014, O’Haver was named president of commercial banking and played a pivotal role in the integration of the company’s largest acquisition to date, which saw Umpqua grow to $25 billion in assets.
Before joining Umpqua, O’Haver served as executive vice president and director of corporate banking for Mechanics Bank in Richmond, Calif. Previously, he served at U.S. Bancorp as senior vice president Northwest and Northern California regional manager, real estate banking.
Today, in addition to his position as Umpqua’s president and CEO, O’Haver serves as chair of the Umpqua Bank Charitable Foundation. He previously served in various philanthropic roles throughout his career including The Bay Area Crisis Nursery and the Portland State University Foundation.