The magazine for EY alumni Building better boards

1 Connect Article heading April 2015. The magazine for EY alumni Building better boards Corporate board directors and EY alumnae Olivia Kirtley, Betsy Rafael and Barbara Stymiest sound off on strategy, digital transformation, cybersecurity, diversity and other top board matters. Sarah Kauss Building a better bottle and a greener world at S'well Rich Jones speaks his mind on veterans' affairs Jimmy Barge a starring role at Lionsgate Jennifer Cabalquinto playing full court with the NBA's Golden State Warriors Steve Howe and Kelly Grier talk about the EY people promise Frank Mahoney and Tom Hough welcoming EY's newly named and recently retired Vice Chairs of Assurance Source: Global Gender Gap Report 2014, World Economic Forum 2015 EYGM Limited. All Rights Reserved.

2 ED0116. Building a better working world . Together As you read the stories of some of EY's amazing alumni in this issue, you will also notice a theme: EY's desire to work with our alumni , as well as our clients and communities, to help build a better working world. In our cover story, we talk with Olivia Kirtley, Betsy Rafael and Barbara Stymiest about the issues they face as corporate board members. They share a desire to make a positive difference and to serve as role models, especially for women. That goes hand-in-hand with a number of EY initiatives. For example, to support our alumni serving on boards , we've created the EY Center for board Matters, which engages with boards , audit committee members and investors. And to promote women in the workplace, we recently launched Women.

3 Fast forward, through which EY will act as a catalyst to accelerate the closing of the global gender gap. I think you'll enjoy learning about Sarah Kauss, founder and CEO of S'well, one of Fortune's 40 under 40, and our first alumna selected for EY's Entrepreneurial Winning Women program. This program identifies high-potential women entrepreneurs whose businesses show real potential to scale and then helps them do it. You'll hear from alum Rich Jones, Executive Vice President, General Tax Counsel and Chief Veteran Officer at CBS, about his passion for improving the lives of disabled veterans. And we'll share some ways EY is helping this special group. We introduce you to two recently appointed EY leaders, Kelly Grier, Americas Vice Chair Talent, and Frank Mahoney, Americas Vice Chair Assurance, and say farewell and thank you to Tom Hough, Frank's immediate predecessor.

4 We deeply appreciate the extraordinary breadth of Tom's contributions to EY over his 37-year career. Finally, you'll meet alumni Council members Adrienne White and Kim McGarry and learn what drives them to strengthen the alumni community. Stephen R. Howe, Jr. Every day, I am inspired by knowing and working with EY Americas Managing Partner and such an exceptional group of EY people and alumni . I hope Managing Partner, Ernst & Young LLP (US). you share my belief that together we are making a difference, @SteveHoweEY and that we can, in fact, build a better working world. Thank you for all you are doing on behalf of EY. Connect April 2015 1 In this issue On the cover 04. Strategy needs to take center stage in the boardroom, say seasoned corporate directors Betsy Rafael, Olivia Kirtley and Barbara Stymiest.

5 We convened the three EY. alumnae at Bloomberg's corporate headquarters in New York City for a spirited discussion of some of the hot topics facing boards today, including digital transformation, cybersecurity Building better boards and board diversity. They also provide some tips for those looking to join a board . 14 20 28 32 40 44. 2 Connect April 2015. Features Editor-in-Chief: Jeff Anderson The magazine for EY alumni 14 A fair challenge Managing Editor: Jay Seither Get to know Frank Mahoney, EY's new Vice Chair Assurance, and find Writers: Jeff Anderson, Anne Lampert, out why he thinks the audit profession is more vital now than ever. Jay Seither, Eboni Thomas Creative Director: Donald Batting 17 Closest to the pin Contributing Editor: Ellen Lask As Frank Mahoney settles into his new role, we welcome his predecessor, Photography: Jon Gayman, Marcus Krause, Tom Hough, as one of our newest alumni .

6 Find out what Tom's up to at Chris Savas, Robert Thomas the United States Golf Association. Connect magazine is printed in the US. 20 A thirst for excellence by Great Lakes Integrated. Can a reusable water bottle be both fashionable and environmentally For further information on Connect, please contact friendly? Discover why alumna Sarah Kauss's S'well bottle has been Jeff Anderson, Americas Director, alumni Relations, described as eco-chic. at or +1 404 817 4875. 28 It all comes down to people EY | Assurance | Tax | Transactions | Advisory Kelly Grier, EY's new Americas Vice Chair Talent, and Steve Howe, Americas Managing Partner, talk about the power and importance of About EY. EY's people culture. EY is a global leader in assurance, tax, transaction and advisory services.

7 The insights and quality services 32 Starring roles we deliver help build trust and confidence in the While alumni Jimmy Barge and Jennifer Cabalquinto are CFOs of two capital markets and in economies the world over. We very different organizations he's with Lionsgate and she's with the develop outstanding leaders who team to deliver on NBA's Golden State Warriors they share the drive to entertain. our promises to all of our stakeholders. In so doing, we play a critical role in Building a better working world for 40 A call to action our people, for our clients and for our communities. CBS exec, EY alum and wounded military veteran Rich Jones shares his point of view on the plight of many of our nation's veterans. EY refers to the global organization, and may refer to one or more, of the member firms of 44 alumni council members in focus Ernst & Young Global Limited, each of which is a Chicago alumni Council member Kim McGarry and Atlanta Council separate legal entity.

8 Ernst & Young Global Limited, member Adrienne White discuss options trading, half-marathons and a UK company limited by guarantee, does not their desire to build a strong EY alumni family. provide services to clients. For more information about our organization, please visit 50 alumni Relations around the world Travel with us to Argentina, one of the world's top developing nations, Ernst & Young LLP is a client-serving member firm of and learn what they mean when they say, alumni , ser parte siempre. Ernst & Young Global Limited operating in the US. EY Canada refers to Ernst & Young LLP, which is a News client-serving member firm of Ernst & Young Global Limited operating in Canada. 54 alumni news and new alumni snapshots EY Argentina refers to the client-serving member firms of Ernst & Young Global Limited operating in Argentina.

9 Highlighting recent achievements of your friends and colleagues 2015 EYGM Limited. All Rights Reserved. 59 Events gallery Proprietary and confidential. Do not distribute A snapshot of recent alumni events throughout the Americas without written permission. EYG no. QQ0391. ED 0316. The opinions of third parties set out in this publication are not necessarily the opinions of the global EY. organization or its member firms. Moreover, they should be viewed in the context of the time they were expressed. In line with EY's commitment to minimize 50. its impact on the environment, this document has been printed on paper with a high recycled content. Connect April 2015 3 Building better Three EY alumnae discuss board service and their roles as women in business EY alumnae Olivia What is job #1 for boards ?

10 Kirtley, Betsy Rafael How can boards best evaluate their performance? and Barbara Stymiest have truly scaled the What is the role of the board in meeting such corporate ladder. They digital threats as cybersecurity? serve or have served in Why should diversity and inclusiveness remain the C-suites of many top of mind? of the world's top What is the best advice for someone who is business organizations. considering participation on a board ? And together, they Mark Manoff Steve Howe Karyn Twaronite have dozens of years'. experience serving on the boards of leading companies. We wanted to explore with them what they are seeing in the boardroom today. words: Anne Lampert, Jay Seither We convened a half-day session with our three EY alumnae at Bloomberg LP's world photos: Jonathan Gayman headquarters in Manhattan.