Zoom Invitation Will Be Shared the Day of the Event
A Board of Directors does much of its detail work through Board Committees. The Audit Committee is one of the traditional standing committees of a Board of Directors. The Audit Committee primarily provides oversight over a corporation’s (a) finance function, including the approval of a company’s annual and quarterly financial statements, and (b) risk management program. This webinar will explore the role and responsibilities of a Board Audit Committee and suggest best practices for Audit Committee processes and procedures. Key topics to be discussed include:
- Role and Responsibilities
- Committee Charter
- Committee Chair Role
- Committee membership criteria
- Committee meeting agenda topics
- Oversight of financial reporting
- Oversight of external auditors
- Oversight of financial management
- Oversight of Internal Audit function
- Additional considerations
This webinar will be presented by Paul Marcela, Vice President & Secretary of the Private Directors Association and President of Governance Partners Group, a professional services firm that provides outsourced Corporate Secretary services for private and small to mid-cap public corporations and not for profit organizations.
JoAnn Lilek, an experienced Board Member, Audit Committee Chair and Chief Financial Officer, will co-host the webinar. JoAnn is a Founding Member of the Private Directors Association.
Governance Partners Group, LLC
Paul Marcela is President of Governance Partners Group, a corporate governance services firm that specializes in providing external Corporate Secretary services to companies that seek support in attending to the corporate governance requirements of their Boards of Directors. GPG focuses on providing governance services to private companies, small to mid-cap public companies and not-for-profit organizations that may not have sufficient internal resources to practice good governance in a robust manner.
Paul is the Vice President & Secretary of the Private Directors Association and has served the Society for Corporate Governance as Chair of the Society’s Private Companies Committee, as a member of the Society’s National Board of Directors and the Southeast Chapter Advisory Council and as President of the Detroit Chapter.
Previously, Paul has been Vice President, Secretary & General Counsel of two Cerberus Capital Management private equity portfolio companies and Associate General Counsel & Assistant Secretary of Dow Corning Corporation.
Paul earned a J.D. from Case Western Reserve University, a M.B.A. from Central Michigan University and a B.S. from Allegheny College.
Experienced Board Director and Chief Financial Officer
JoAnn Lilek serves as an Independent Trustee and Audit Committee Chair of the Datum One Series Trust, a trademark of Northern Trust Corporation. JoAnn is, also, an Advisory Board Member of Milton’s Distributing and Gordon Logistics, jointly managed family businesses. Milton's Distributing is a multi-state importer and alcoholic beverage distributor. Gordon Logistics is a 3PL serving all markets east of the Mississippi River.
Prior, JoAnn served as Board member and Audit Chair for Hinsdale Bank and Trust Company and also served as Board Chair for the Lou Holland Trust Mutual Fund. With her community service, she was Board President and Treasurer for the YWCA of Metropolitan Chicago and currently is YWCA Director Emeritus.
2010 to 2018, she served as CFO and COO of Accretive Solutions, a national consulting firm, where she was heavily involved with M&A due diligence and the successful sale of the company.
Previously for two years she was CFO of Midwest Bank Holdings and for seven years prior, served as CFO for DSC Logistics. Foundational to her career, JoAnn held the top positions of GSVP Corporate Controller and EVP CFO Wholesale Banking for USA and Canada for ABN Amro North America.
JoAnn holds a University of Chicago Booth MBA and a BBA, Magna Cum Laude, from Loyola University of Chicago. She is a Founding Member of the Private Directors Association.