In this conversation between Keith Meyer and Bob Glauber, they focus on the financial crisis of 10 years ago and the impact it had on one board Bob was leading at the time, XL Group, a global commercial property and casualty lines insurance and reinsurance company based in Bermuda. They discuss what led up to the “moment of truth” for the board and the management team, the subsequent challenges and actions the board needed to take to ensure the long-term viability of the company and how board leadership changed during and after the crisis.
Bob Glauber is a lecturer at Harvard’s Kennedy School of Government. He served as chairman and chief executive officer of NASD (now FINRA), from 2000 to 2006. Previously he was undersecretary of the Treasury for Finance from 1989 to 1992 and a professor of finance at the Harvard Business School for 25 years. Mr. Glauber is director at Northeast Bancorp and Pioneer Global Asset Management S.P.A. Mr. Glauber has also served on the boards of Freddie Mac, Moody’s and XL Group plc. Mr. Glauber is a founding board member of the Directors Academy.