CFO Conferences

the 8th Annual CFO Forum on Risk Management: Proactivity in Action
June 3-5, 2001, The Four Seasons, Austin, Texas

AGENDA
Sunday, June 3, 2001
12:00 - 6:00 pm	Registration

2:00 pm	Bob Bullock Texas State History Museum Tour
	With it’s grand opening on April 21st, this brand new museum will be a sight to see! Complete with a 110 foot rotunda, four floors of exhibits, and a theme park-like atmosphere, the afternoon is sure to be filled with a great deal of fun and education as we learn more about the great state of Texas in a private tour that has been arranged for our group. Spouses and guests, of course, are welcome to attend.

7:00 pm	Cocktail Reception at the Four Seasons
Monday, June 4, 2001
7:30 - 8:30 am	Registration/Texas Breakfast with Liberty Mutual
	Enjoy a traditional Texas breakfast with Liberty Mutual executives as they discuss how they, as leaders in the workers compensation arena, address the industry.
8:30 - 8:45 am	Conference Welcoming Remarks
	Geoffrey E. Hunt, EVP and Manager, Business Market, Liberty Mutual; Conference Co-Host
8:45 - 9:15 am	Opening Address
	John M. Collins, COO, Business Market, Liberty Mutual
9:15 - 10:15 am	Executing a Risk Management Process at Newport News Shipbuilding
	Rick Wyatt, Treasurer, Newport News Shipbuilding, Inc. Dwayne Blake, Manager of Finance, Insurance and Loss Control, Newport News Shipbuilding, Inc. This session will examine the on-going quest for best practices in risk management at Newport News Shipbuilding, the $2 billion defense contractor that builds aircraft carriers and submarines for the U.S. Navy. Key elements of the company’s cutting-edge risk management model will be outlined, specifically: a practical framework for communications among functional areas, effective techniques to minimize the opportunity for loss, the transfer of risk to a customer or insurance partner, and the integration of enterprise risk management concepts. In addition, this session will explore the impact that risk management best practices can have on earnings and the execution of business strategy.


2:15 - 3:45 pm	Elective Breakouts – Specific Risk Management Issues & Practices
	How to Handle a Loss and Avoid Surprises Wayne D. Klocko, Vice President Claims, LMG Property Participants will analyze the complexities of a hypothetical loss in a workshop setting. Questions will be posed to address major and frequently encountered issues, and participants will be asked to answer each question as an insured and as an adjuster. Through this exercise, they will gain an expectation of what's involved and how to develop a plan to address the challenges of making unexpected repairs, handling large outlays of capital, and getting back in business. Business Interruption - Fundamentals and What Questions to Ask John E. Lawlor, Vice President, Operations Manager, LMG Property Participants will go through an exercise of determining business interruption values from the income statement as well as reviewing a series of questions that will help them determine if they have the right type, and adequate amounts, of business interruption coverage. I Know My Insurance Cost, But What is My Cost of Risk? Insurance is a risk transfer cost that is one component of total risk cost. Participants will review and discuss a real-life case study for determining a firm’s total cost of risk. This can be a practical tool for measuring the cost-effectiveness of a risk management program. Performance Benchmarking – Best Practices and Tools Kevin G. Racine, Director of Risk Consulting, Liberty Mutual Benchmarking has long been an effective tool for establishing industry best practices. This session will be of particular benefit to financial executives in manufacturing industries, helping them to increase profitability through more effective risk management practices. This session will demonstrate how attendees can decrease loss and return profit to operations, benchmark risk management results against an industry comparison, and integrate proven controls to address pre- and post-loss drivers.
4:00 - 5:30 pm	Elective Breakouts (Sessions Repeat)
6:30 pm	Dinner Deep in the Heart of Texas
	Wear your jeans and cowboy boots, and join us for an evening of food and fun on one of Texas Hill Country’s most beautiful ranches.














Tuesday, June 5, 2001
7:30 - 8:15 am	Continental Breakfast
8:15 - 8:30 pm	Opening Remarks
	Mary Driscoll, President and Editorial Director, CFO Enterprises; Conference Co-Host
8:30 - 9:15 am	Creating an Employee-Friendly Workplace
	Kenneth A. Goldman, SVP, Finance & Administration, & CFO, Siebel Systems, Inc. Siebel Systems has created a “culture of responsibility” where employees think and feel like owners. They have established high standards of professionalism, while also incorporating an entrepreneurial atmosphere and cooperative teamwork structure. Hear how a leading CFO views his role in this important corporate mission, and what tools he has used that you can incorporate into your own organization.
9:15 - 10:15 am	Web-based Tools for the CFO... the Ones that Really Work!
	James A. Kaitz, President & CFO, Association for Financial Professionals Richard Roth, Managing Director, Hackett Benchmarking & Research Michael Jacobs, Founder & CFO, Jacobs Capital With the shakedown in the Web arena, are there business tools that can deliver on the online promise? This session will introduce Web-based applications designed for CFOs and their teams to deliver value-added services with the convenience and cost savings associated with the Internet. The session will also discuss online benchmarking, mergers and acquisitions, and valuation tools that fully leverage the CFO.
10:15 - 10:30 am	Break
10:30 - 11:15 am	Emerging Uses for Captives
	Scott R. Goodby, Chief Operating Officer, Specialty Risks Market, Liberty Mutual This session will discuss the pros and cons of group benefits, a recent hotly contested topic in the press. It will also provide an overview of the various types of captives that are available, such as equity captives, rent-a-captives, and segregated cell captives. With the changing market conditions, captives and alternative risk vehicles are making their way into more and more risk management programs.

11:15 - 12:00 pm	What CEOs Want From Their CFOs
	Mary Driscoll, President and Editorial Director, CFO Enterprises Over the past 15 years, CFO Magazine has tracked the pioneering CFOs who stepped beyond the traditional job parameters. These individuals redefined the role of the CFO; and this is evident in the fact that many large companies now refer to chief financial officers and their top lieutenants in terms of "our financial leadership". This session will examine the skill sets, leadership qualities, and knowledge reservoirs that CEOs today insist that their CFOs possess.
12:15 - 1:15 pm	Buffet Luncheon

Click HERE for conference main page.

There is no registration fee for qualified senior financial executives.

For more information, contact Tracey Buckley.
Phone: or
email: [email protected]

or visit www.libertymutual.com/business/cfoforum

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