SASB’s Board of Directors is responsible for articulating and upholding the vision, values, and mission of SASB. Board member bios and roles are listed below.
Philanthropist, Founder of Bloomberg LP, and the 108th Mayor of New York City
SASB, Chair of the Board
Michael R. Bloomberg is an entrepreneur and philanthropist who served three terms as Mayor of New York City, from 2002 through 2013. He began his career in 1966 with an entry-level job at Salomon Brothers, an investment firm. After being let go in 1981 he launched a real-time financial data service, Bloomberg LP, which grew into a global company that now has offices in 73 countries around the world.
As Mayor of New York, Bloomberg cut crime to historic lows, revitalized the waterfront, implemented ambitious public health strategies, expanded support for arts and culture, reduced the city’s carbon footprint by 19 percent, introduced new anti-poverty programs, and drove high school graduation rates up by more than 40 percent. The Mayor’s economic policies helped New York City create a record number of jobs and weather the Great Recession in far better condition than most other cities.
As a philanthropist, Bloomberg supports government innovation, education, public health, the environment, and the arts. He also leads a number of bi-partisan coalitions that are taking action on urgent national issues, including illegal guns, immigration reform, infrastructure investment, and he serves as board president of the C40 Climate Leadership Group, a network of the world’s megacities working together to reduce global greenhouse gas emissions. In 2014, U.N. Secretary-General Ban Ki-moon appointed Bloomberg to be U.N. Special Envoy for Cities and Climate Change, where he will focus on helping cities and countries set and achieve more ambitious climate change goals.
Michael Bloomberg attended The Johns Hopkins University and Harvard Business School, and is the father of two daughters, Emma and Georgina.
Professor of Management Practice, Harvard Business School
Robert G. Eccles is a Professor of Management Practice at Harvard Business School. Right after receiving tenure in 1989, Professor Eccles started doing research on corporate reporting, a topic which remains of great interest to him from a research, managerial practice and public policy perspective. In addition to have written three books on the subject, Dr. Eccles is also a member of the Steering Committee of the International Integrated Reporting Committee. In 2011, Dr. Eccles was selected as one of the 2010′s Top 100 Thought Leaders in Trustworthy Business Behavior for his extensive, positive contribution to building trust in business.
Dr. Eccles received an S.B. in Mathematics and an S.B. in Humanities and Science from the Massachusetts Institute of Technology (1973) and an A.M. (1975) and Ph.D. in Sociology (1979) from Harvard University.
Jack Ehnes is the Chief Executive Officer of the California State Teachers’ Retirement System (CalSTRS), the largest teacher pension fund in the world. Mr. Ehnes came to CalSTRS in 2002 from Great-West Life & Annuity Insurance Company, where he was vice president for corporate affairs. Prior to Great-West, Mr. Ehnes served as the Colorado Insurance Commissioner, deputy insurance commissioner and board trustee for the Colorado Public Employees Retirement Association, which included six years as chair and vice-chair of the board.
Mr. Ehnes is Chairman of the FTSE Environmental Markets Committee and currently serves on the boards of the National Council on Teacher Retirement, Ceres, and the Public Employees Board of the International Foundation of Employee Benefit Plans; and also is a member of the World Economic Forum’s Global Council on Long-Term Investing. As a recognized leader and public servant, Mr. Ehnes has served on high profile national task forces throughout his career including the National Association of Insurance Commissioners and on various healthcare and insurance commissions and advisory boards. He also was a board member of the National Institute on Retirement Security and chair of the Council of Institutional Investors. Mr. Ehnes received the 2011 Employee Benefit Research Institute (EBRI) Lillywhite Award, recognizing outstanding lifetime service and contributions to Americans’ economic security. He was also recognized by the National Association of Corporate Directors’ list of the 100 most influential corporate governance professionals for 2011.
Mr. Ehnes is a native of Rochester, New York, and holds a Bachelor’s degree from Cornell University and a Master’s degree from Vanderbilt University.
Partner, Deloitte & Touche LLP – Retired
SASB, Treasurer of the Board
Steven Gunders is a retired partner of the Management Consulting Practice of Deloitte. He joined Touche Ross & Co in New York in 1969 and proceeded to work in both the Accounting and Management Consulting functions of the firm. He became a partner in 1977 and managed several geographic consulting practices as well as the Strategy & Operations Practice for Deloitte across both the US and Europe. He has focused his career in the Financial, M&A & Strategy areas working on major global corporate clients, private equity investment firms and large private companies. His career has provided him with a broad based understanding of a number of industries including Manufacturing, Aviation & Leisure, Chemicals, as well as a number of Service Businesses. He has worked all over the world and has lived and worked out of London, UK for seven years. This experience has provided him with a broad based understanding of business enterprises in the US, Europe and Asia.
After his retirement, Steven has served on several corporate boards as well as a number of non-profit organizations in New York, San Francisco and London.
Steven received his MBA from the University of Chicago, Booth Graduate School of Business and his BA from the City College of New York.
Partner and Head of U.S. Equities, Jarislowsky Fraser USA
Dan Hanson, CFA, is Head of U.S. Equities and Partner with Jarislowsky Fraser USA. Mr. Hanson has more than 20 years of experience in US and global equities, and US credit and mortgage securities. Prior to joining Jarislowsky Fraser, Mr. Hanson spent 10 years at BlackRock, most recently as a Managing Director and Portfolio Manager. Mr. Hanson was the sole manager and architect of the BlackRock Sustainable Large Cap Core portfolio, where he delivered top decile performance to shareholders over 5+ years, based on a bottom-up, high quality, long-term investment approach.
Previously, he spent six years at Bear Stearns, most recently advising on equity and debt financing and mergers & acquisitions. Earlier Mr. Hanson was a leveraged finance securities analyst. Prior to his time at Bear Stearns, he traded collateralized mortgage obligations and was assistant portfolio manager at Pine Tree Capital.
Mr. Hanson regularly comments on investments for various media outlets, including The Wall Street Journal, The Financial Times, BusinessWeek, Bloomberg, and Reuters.
Mr.Hanson is involved in a number of initiatives in the area of governance, corporate reporting and sustainable investing. He earned a BA degree, cum laude, in economics and French from Middlebury College, and an MBA degree in analytical finance and accounting from the University of Chicago.
CEO, Cornerstone Capital Inc.
Erika Karp is the Founder and CEO of Cornerstone Capital Group. The mission of the firm is to apply the principles of sustainable finance and economics towards facilitating the flow of capital around the world. Primary activities of Cornerstone include consulting to both corporations and financial institutions, promoting new research in the field of ESG analysis, and facilitating introductions leading to the financing of new enterprises engaged in sustainable business practices.
Prior to founding Cornerstone, Erika was Managing Director and Head of Global Sector Research at UBS Investment Bank. She chaired the UBS Global Investment Review Committee and managed a global team of analysts and strategists. Erika served on the UBS Securities Research Executive Committee and the Environmental and Human Rights Committee of the UBS Group Executive Board. While at UBS, Erika created and drove key global investment research products including the UBS Q-Series®, the Global I/O®, Global SignalsTM and the weekly “UBS Global Portfolio Manager’s Spotlight.”
Erika speaks and writes extensively on topics including: sustainable investing and finance, corporate strategy and business models, transparency and excellence in the areas of ESG performance, and employee engagement/diversity in the workplace. Her work has been featured by Euromoney, the Financial Times, Bloomberg Businessweek, Investor Relations Magazine, and Forbes. For driving collaboration across the capital markets, she has been named among the nation’s “Top 50 Women in Wealth” by AdvisorOne.
Erika is a founding Board member of SASB, a member of the World Economic Forum Global Agenda Council on Financing and Capital, and sits on the Program Design Advisory Council for Harvard Business School’s Executive Education Program. Erika speaks at events including those of the OECD, the UN Global Compact and PRI, Deloitte, Oxford University, The Forum for Sustainable and Responsible Investing, Ceres, the Clinton Global Initiative, the EPA, and the White House. She holds an MBA Columbia University and a BSE from the Wharton School.
Head of Americas, UBS Global Asset Management
Shawn Lytle is Head of Americas for UBS Global Asset Management. In this role, he is responsible for managing and developing all aspects of the Institutional and Wholesale business in the US, Canada and Latin America. Shawn is a member of the UBS Global Asset Management Executive Committee. Shawn was previously Deputy Global Head of Equities, overseeing overseas business, product and distribution matters and supporting the various Equities teams with client and consultant relationships globally. Prior to that role, he was the Global Equity Portfolio Management Team Manager and Head of Equity Capability Strategists.
Shawn joined UBS Global Asset Management in 2002. Before this, he worked for JPMorgan Asset Management for more than 10 years, where he was a client portfolio manager in London for global equity and global sector portfolios. Initially, Shawn was based in New York, where he held various positions including new business development and product development.
Shawn is a chair-elect of the National Association of Securities Professionals (NASP) and was on the London Advisory Board for Facing History and Ourselves.
Shawn received a BS in business administration from Georgetown University.
Partner, Morrison & Foerster LLP
SASB, Secretary of the Board
Susan Mac Cormac is a partner in the Corporate Group of Morrison & Foerster’s San Francisco office. She serves as co-chair of the firm’s 550-lawyer Business Department, and co-chair of the Cleantech Group.
Ms. Mac Cormac has extensive experience representing start-up to late-stage private companies primarily in the Cleantech or sustainable space. She provides corporate and finance advice in connection with mergers, acquisitions, asset purchases and sales, reorganizations, joint ventures, and equity and debt financings. She regularly advises boards of private and public companies, special committees, and CEOs on corporate governance as it relates to sustainability and Corporate Social Responsibility (“CSR”) issues and has joined the faculty (teaching on issues of sustainability and corporate governance) at both the Stanford Director’s College and the Northwestern Corporate Counsel Institute. Ms. Mac Cormac also represents nonprofit corporations involved with Sustainability and CSR, providing advice to their boards on fiduciary issues, conflicts of interest, and other corporate matters.
Ms. Mac Cormac was born in Davidson, North Carolina, and graduated in 1988 from Williams College with a degree in Political Economy. She received her J.D. and LL.M. degrees from Duke University School of Law in 1993. Ms. Mac Cormac resides in the Bay Area with her husband and three sons.
President, The F.B. Heron Foundation
Clara Miller is President of The F. B. Heron Foundation, which helps people and communities help themselves out of poverty. Prior to assuming the Foundation’s presidency, Miller was President and CEO of Nonprofit Finance Fund (NFF) which she founded and ran from 1984 through 2010. NFF is a national CDFI that provides financing and financial counsel to social sector organizations, with a track record of $2 billion in direct and advised financing.
Miller was named to The NonProfit Times “Power and Influence Top 50” for the five years from 2006 through 2010. She was awarded a Bellagio Residency in 2010 by The Rockefeller Foundation.
In addition to serving on The F. B. Heron Foundation’s board, Miller is on the boards of Family Independence Initiative, the Sustainability Accounting Standards Board, StoneCastle Financial Corp., and The Robert Sterling Clark Foundation. She is a member of the Social Investment Committee of the Kresge Foundation. In 2010 Miller became a member of the first Nonprofit Advisory Committee of the Financial Accounting Standards Board.
In 1996, Miller was appointed by President Clinton to the U.S. Treasury’s first Community Development Advisory Board for the then-newly-created Community Development Financial Institutions Fund. She later served as its Chair. She chaired the Opportunity Finance Network board for six years and was a member of the Community Advisory Committee of the Federal Reserve Bank of New York for eight years. Other prior board affiliations include GuideStar, PopTech, Enterprise Community Loan Fund, Working Today and GEO.
Miller speaks and writes extensively about nonprofit capitalization and finance and has been published in The Financial Times, Stanford Social Innovation Review, The Nonprofit Quarterly and the Chronicle of Philanthropy.
Executive Vice President, Corporate Strategy and Partnerships, Morningstar, Inc.
Catherine Odelbo is executive vice president of corporate strategy and partnerships, responsible for working with Morningstar’s senior management team on the firm’s overall strategic planning process, M&A activities, and major partnerships.
Odelbo was president of Morningstar’s global Equity and Credit Research division from 2008 until she assumed her current role.
Odelbo joined Morningstar in 1988 as a mutual fund analyst and from 1995 to 2000 served as senior vice president of content development, as well as publisher and editor of stock and closed-end fund research. In 2000, she was named president of retail, overseeing all print and online products for individual investors.
Odelbo holds a bachelor’s degree in American History from the University of Chicago and is a member of the Phi Beta Kappa Society. She also holds a master’s degree in business administration, with honors, from the University of Chicago Booth School of Business.
Partner, Gibson, Dunn & Crutcher LLP – Retired
Aulana Peters is a retired partner of the law firm of Gibson, Dunn & Crutcher of Los Angeles, California. She joined Gibson, Dunn & Crutcher as an associate in 1973, and was named a partner in the firm in 1980. She continued in the practice of law until 1984, when she accepted an appointment as commissioner of the United States Securities and Exchange Commission.
In 1988, after serving four years as commissioner, she returned to the private practice of law, from which she retired in December 2000. From January 1, 2001, to March 31, 2002, Peters was a member of the Public Oversight Board Panel of the American Institute of Certified Public Accountants. She was a member of the Steering Committee for the Financial Accounting Standards Board’s Financial Reporting Project, and a member of the Board’s Blue Ribbon Panel on Audit Effectiveness.
In addition to Deere & Company, Peters is a director of Northrop Grumman Corporation and 3M (Minnesota Mining and Manufacturing Company). Also, she is a member of the Mayo Clinic Board of Trustees.
She received an undergraduate degree in philosophy from the College of New Rochelle, New York, and a juris doctorate from the University of Southern California in Los Angeles, California.
Ex-officio member of the SASB Board
Dr. Jean Rogers has 20 years’ experience in sustainability and management consulting across a wide variety of industries, working with clients to integrate sustainability into strategy and operations in order to reduce risk and improve performance across the triple bottom line. Jean’s leadership experience includes 10 years as a Principal at Arup, a global consultancy focused on sustainable development, working with leading clients in the government, utilities, infrastructure, manufacturing, healthcare, and real estate sectors in the US, Europe, and Asia. She has particular expertise in developing metrics for measurement of sustainability performance, having worked with the Global Reporting Initiative on development of the G3 corporate sustainability reporting guidelines, and partnering with the Initiative for Responsible Investment at Harvard University to develop a method for assessing the materiality of sustainability issues by sector, as a basis for identifying key performance indicators and opportunities for improved competitiveness.
Prior to Arup, Jean was a management consultant at Deloitte, working in the environmental and manufacturing practices to help leading companies improve business and product performance through sustainability.
Dr. Rogers is a former Loeb Fellow at Harvard University who has authored multiple publications and won several awards. Dr. Jean Rogers holds a PhD in Environmental Engineering from the Illinois Institute of Technology, and an ME in Environmental Engineering and a BE in Civil Engineering, both from Manhattan College. Jean is based in the Bay Area, where she lives with her husband and daughter.
Former Chairman, SEC
SASB, Vice Chair of the Board
The Hon. Mary Schapiro was chairman of the U.S. Securities and Exchange Commission from 2009 to 2012, capping a distinguished career in government and private-sector regulation. Ms. Schapiro advises companies on corporate governance and compliance standards that meet regulatory and investor expectations.
Ms. Schapiro’s service as the 29th SEC chairman culminated decades of regulatory leadership. She was the first woman to serve as SEC chairman, and the only person to have served as chairman of both the SEC and the Commodity Futures Trading Commission.
During four years as chairman, Ms. Schapiro presided over one of the busiest rule-making agendas in the SEC’s history, during which the agency also executed a comprehensive restructuring program to improve protections for investors. Upon her departure, President Obama praised her leadership, saying the SEC became stronger and the financial system “safer and better able to serve the American people — thanks in large part to Mary’s hard work.”
Before becoming SEC chairman, Ms. Schapiro served as CEO of the Financial Industry Regulatory Authority, the largest nongovernmental regulator of securities firms. Earlier, she was chairman of the Commodity Futures Trading Commission; a commissioner of the SEC; and general counsel and senior vice president of the Futures Industry Association. She began her career at the CFTC, serving first as a trial attorney and later as counsel and executive assistant to the chairman.
She also serves on the boards of Promontory Interfinancial Network and General Electric Co.
Former Chairman, SEC
Elisse B. Walter was appointed Commissioner of the SEC by President George W. Bush in 2008. She was later designated the 30th Chairman of the SEC by President Barack Obama, and she served as the agency’s leader from December 2012 to April 2013. Prior to her appointment as an SEC Commissioner, Ms. Walter served as Senior Executive Vice President, Regulatory Policy & Programs, for FINRA. Ms. Walter is a member of the Academy of Women Achievers of the YWCA of the City of New York and the inaugural class of the ABA’s DirectWomen Institute. She also has received, among other honors, the Presidential Rank Award (Distinguished), the ASECA William O. Douglas Award, the SEC Chairman’s Award for Excellence, the SEC’s Distinguished Service Award, and the Federal Bar Association’s Philip Loomis and Manuel F. Cohen Younger Lawyer Awards.
Managing Partner, Fahr LLC
Edward “Ted” White is the Managing Partner of Fahr LLC, the umbrella entity for investor, philanthropist, and advanced energy advocate Tom Steyer’s business, policy, political, and philanthropic efforts. Ted is also the “name” partner of Denver-based law firm Moye White LLP. His legal practice primarily focuses on business transactions and he is the author of the popular legal treatise “Drafting Business Contracts”. Ted is the founder and Managing Member of Estabrook Funds which invests in global, multi-strategy funds. His extensive civic leadership includes acting as Chairman of the Boettcher Foundation, Trustee of the Rocky Mountain Institute, and Founding Chair of Volunteers for Outdoor Colorado. Ted graduated from Yale University with honors and received his J.D. from the New York University School of Law.
Key Board Roles
Role of the Chair of the Board
The Board Chair is responsible for leading the board and ensuring that it is fulfilling its governance responsibilities on all levels. To do so the Board Chair has a variety of important duties which include, but are not limited to serving on and managing various committees, proposing new policies and practices, overseeing searches for new board members, and coordinating an annual performance evaluation of the Executive Director,
Role of the Vice Chair of the Board
The Vice Chair works closely with the Board Chair and CEO to plan annual board priorities and appropriate level of board engagement. The Vice Chair also works with the CEO to guide the strategic plan for the organization.
Role of the Secretary
A member of the executive committee, the Secretary of the Board is the custodian of the organization’s legal documents as well as all board-related records. Additionally he or she ensures that the Board adheres to the Articles of Incorporation and Bylaws. The Secretary is also responsible for maintaining SASB’s 501(c)3 status.
Role of the Treasurer
A member of the executive committee, The Treasurer of the Board is the officer assigned the primary responsibility of overseeing the management and reporting of the organization’s finances. He or she works closely with the Executive Director and Director of Operations to ensure that the proper financial materials (reports, annual budgets, and audit materials) are easily accessible and comprehensible by the board.
Role of the Chair of the Standards Council
As a member of the executive committee the Chair of the Standards Council will be the Board liaison to the council of experts convened to review and approve the core work and primary output of the Sustainability Accounting Standards Board, as such this member must have an in-depth understanding of SASB’s process and principals. This Board member will work closely with the Executive Director to ensure proper composition of the Standards Council as well as facilitate its recruitment.
Role of the CEO
The responsibilities of the CEO are to implement the strategic goals and objectives of the organization. The CEO gives direction and leadership toward the achievement of the organization’s philosophy, mission, strategy, and its annual goals and objectives. The CEO reports to the Board of Directors, primarily liaising with the Chair of the Board and the Executive Committee. The CEO is responsible for regularly informing the Board with regard to progress in implementing programs and any activities or situations necessary for the Board to fulfill its governance duties.
The Executive Committee is chartered to make decisions necessary in the interim period between Board meetings. The Executive Committee will inform the Board of any interim decisions taken. The Executive Committee will consist of the Chairman of the Board, the Secretary, the Treasurer, the Chair of the Standards Council, and the CEO.
The Development Committee is chartered to establish SASB’s fundraising strategy, which maps to the annual budget. The committee will work with SASB management to identify and build relationships with major donors and to engage the full board in development activities as appropriate.
Finance & Audit Committee
The Finance Committee is chartered to review SASB’s finances quarterly, annually, and more frequently if needed, including budgets, cash flows, and other financial statements required to manage SASB. Additionally, the committee is responsible for working with SASB management to develop the annual budget.
The Stakeholder Committee is chartered to identify and map key SASB stakeholders, and develop and maintain a stakeholder engagement plan that involves the full board and leadership team of SASB. The objective is to ensure that SASB is appropriately positioned and building constituencies that will ultimately enable SASB’s success.
Governance & Nomination Committee
The Governance Committee is chartered to review, maintain and update as necessary SASB’s by-laws. The committee is also responsible for nominating board candidates when open seats are available.