Exemplar Awards

Honoring the Leaders of the Global Risk Governance Community

To celebrate the 10th anniversary of the founding of the DCRO, we launch the DCRO Exemplar Awards - honoring leading governance experts - the Individuals and organizations that are setting the standards for risk governance practices around the world. 

2018 Honorees

Qualities of an Exemplar


  • Demonstrates, articulates, and expects the highest ethical standards
  • Recognized by the markets, or in other public media, for their high professional standards
  • Demonstrates the importance of understanding and governing risk at an advanced level 


  • Demonstrated work to advance the use and governance of risk in pursuit of corporate goals
  • Recognized for contributions to innovations in risk governance
  • Takes unique and effective approaches to improved risk governance 


  • Exhibits and maintains courage and leadership, doing what is best for those who depend upon them for success
  • Demonstrated trust from their peers, markets, or other public media
  • Individual excellence demonstrated beyond what is typical for their industry or field 


  • Devotion of time and resources to the continual improvement of risk governance within their organization 
  • Devotion of time and resources to the continual improvement of risk governance outside of their own organization via professional associations or other avenues 

2018 Individual Honorees

Andrea Bonime-Blanc

Dr. Andrea Bonime-Blanc is founder and CEO of GEC Risk Advisory, a strategic governance, risk, and ethics advisor to companies, government agencies and non-profits. She is a board director and held senior executive roles for almost two decades at Bertelsmann, Verint and PSEG. She is author of numerous articles and several books including The Reputation Risk Handbook (Greenleaf 2014), Emerging Practices in Cyber-Risk Governance (The Conference Board 2016), Gloom to Boom: How Leaders Transform Risk into Resilience and Value (forthcoming Routledge 2019), and co-author, The Artificial Intelligence Imperative (Praeger 2018). 

She is Independent Ethics Advisor to the Financial Oversight and Management Board for Puerto Rico, Governance Faculty to the National Association for Corporate Directors, Start-Up Mentor at Plug & Play Tech Center, Life Member at the Council on Foreign Relations, and Chair Emeritus to the Ethics & Compliance Association. 

She is adjunct or visiting faculty at several universities including NYU, IEB (Spain) and IAE (Argentina). 

She is the recipient of several awards including being one of Ethisphere’s 100 Most Influential People in Business Ethics in 2014 and 2015. 

She was born and raised in Germany and Spain, received a PhD in Political Science and JD from Columbia University and lives in New York City. She tweets as @GlobalEthicist.

Martin M. Coyne II

Over the last 17 years, Marty has served as a board director, advisor and governance evaluator for a diverse group of public, private, family owned and early stage companies. Over this span, he has served in all board leadership positions including board chair, lead independent director, and chair of the audit, compensation, and governance committees. 

As an operating executive at Kodak, he served as Executive Vice President and in numerous roles including Group Executive of the Photography Group, President of the Health Imaging, and President of the Commercial businesses. Prior to that he served in leadership roles at Sterling Drug.

He is CEO and Chairman of the New Jersey Chapter of the National Association of Corporate Directors, is a NACD Leadership Fellow and a NACD Faculty member. In 2011, he was the recipient of the Directorship 100 Award. In 2013, Agenda Weekly named him a Top 50 Digital Director. He is a member of the Content Advisory Council for Tone at the Top for IIA.

He is a frequent speaker, panelist and the author of numerous articles on leadership development, change management, strategy, innovation and corporate governance. His book, How To Manage Your Board While Your Board Manages You, helps directors, CEOs and other C-Suite executives improve governance and the relationship between management and their board. He is also the Chairman and Founder of the CEO Learning Network.

Marty serves as a member of both the DCRO Qualfied Risk Director Governance Council and the DCRO Compensation Committee Risk Governance Council.

Knut Kjær

Knut Kjær was the founding chief executive of Norges Bank Investment Management, responsible for Norway’s sovereign wealth fund and the management of most of the country’s foreign reserves. In recognition of his contributions to the management of the Government Pension Fund, he was knighted by King Harald of Norway in 2008.

Since 2011, Kjær has been chairman and partner at FSN Capital Partners, a Nordic private equity firm, and since 2017, Executive Chairman of Sector Asset Management. 

He also holds advisory positions at China Investment Corporation, the Singapore Investment Corporation, the Monetary Authority of Singapore, and the Central Bank of Thailand. He is a member of the Supervisory Board of APG Asset Management. 

Kjær is a past President of RiskMetrics Group, a past member of the investment committee of the Dutch pension fund ABP, a past member of the Supervisory Board of Access to Medicine Foundation, a past member of the commission that managed the Irish pension reserve fund, a past board member and Deputy Chair of the Oslo Stock Exchange, past Chair of the Board of the Centre of International Climate and Energy Research Oslo, past Chair of the Board of Storebrand Bank, and a past member of the board of Storebrad Life Insurance.

He is a graduate of the Advanced Management Program at Harvard Business School and earned his Masters degree in Economics and a lower degree in Political Science from the University of Oslo.

James Lam

James Lam is the president of James Lam & Associates and a director of E*TRADE Financial, where he chairs the risk oversight committee and serves on the audit committee. James is also an independent director of RiskLens, a venture-backed technology firm that provides cyber risk quantification solutions. 

He previously served as founder and president of ERisk, partner of Oliver Wyman, chief risk officer of Fidelity Investments, and chief risk officer of GE Capital Markets Services. 

James was named the inaugural Risk Manager of the Year by the Global Association of Risk Professionals in 1997 and one of the “100 Most Influential People in Finance" by Treasury & Risk magazine in 2005, 2006, and 2008. An NACD Board Leadership Fellow, James was recognized in the 2017 NACD Directorship 100. 

He is the author of several best-selling books that have been translated into Chinese, Indonesian, Japanese, and Korean.  James’ latest book, Implementing Enterprise Risk Management, was published by Wiley in March 2017. 

In addition to serving as faculty for NACD’s foundation and BAS courses, James is on the Carnegie Mellon University faculty for their CRO Executive Certification Program.

James serves as a member of the DCRO Qualfied Risk Director Governance Council, the DCRO Compensation Committee Risk Governance Council, and the DCRO Board Risk Committee Governance Council.

Jon Lukomnik

Forbes calls Jon Lukomnik one of the pioneers of modern corporate governance. Jon serves as executive director of the IRRC Institute, whose research has been widely praised for objectively examining fundamental corporate governance and capital market issues. He is also the managing partner of Sinclair Capital LLC, a strategic consultancy to asset owners and asset managers. He co-founded the International Corporate Governance Network (ICGN) and GovernanceMetrics International (now part of MSCI), and served as interim chair of the Council of Institutional Investors’ executive committee.

Jon served as Deputy Comptroller and investment advisor for New York City’s pension funds in the 1990s and has invested or overseen more than $150 billion in institutional assets during his career. He has been a director for various public companies, private companies, not-for-profit corporations and litigation trusts. He has consulted to major institutional investors with aggregate assets of more than half a trillion dollars including the New York State Common Retirement Fund, Maryland State Retirement and Pension System, Nikko Asset Management, International Finance Corporation, Legg Mason, and Savings Bank Life Insurance USA. Jon currently serves as a trustee for the Van Eck mutual fund complex in the United States and related investment trusts in Ireland, as a member of the Standing Advisory Committee for the Public Company Accounting Oversight Board, and on Deloitte’s Audit Quality Advisory Committee. He was a member of the official creditors committee which rehabilitated WorldCom following its fraud and bankruptcy.

Mr. Lukomnik has been honored by the International Corporate Governance Association, National Association of Corporate Directors, Ethisphere and Global Proxy Watch. More than 200 of Jon’s articles have been published in academic and practitioner journals. His most recent book is What They Do With Your Money: How the Financial System Fails Us and How To Fix It

Jon serves as a member of the DCRO Compensation Committee Risk Governance Council.

James McRitchie

James McRitchie is a sociologist of knowledge. In his work, he studied how systems are created and legitimized, including what organizational forms optimize productivity and well-being through input from various stakeholders.

Over the last twenty-two years, his largely one-person effort through the Corporate Governance site (www.corpgov.net), has demonstrated the power that one individual can have in bringing together the ideas of many. Highlights of his work include a 2002 petition to the SEC credited by the Council of Institutional Investors as “re-energizing” the “debate over shareholder access to management proxy cards to nominate directors”, winning dismissal of several lawsuits over proxy proposals in federal court without hiring legal counsel, appeal of a “no-action” request filed by Whole Foods Market that led to suspension of SEC Rule 14a-8(i)(9) for the proxy season and reinterpretation of the Rule closer to its original intent, an activist campaign at Reeds, Inc. which led to replacement of four out of five directors, splitting chair/CEO positions, and a 70% gain in stock price, as well as a State Department speaking tour to Japan and Korea.

For thirty years, half under executive appointments with the State of California, he headed various functions and projects such as small business development for consumer and worker cooperatives, ensuring passage of legislation to stablalize funding for hazardous waste cleanup, promulgating regulations allowing California to run Superfund in lieu of the Federal EPA, and approving environmental permits to keep a hazardous waste plume from entering the Colorado River and destroying Los Angeles’ drinking water.

He has decades of experience in management analysis, consulting, as an executive, regulator, and legislative advocate, as well as being a director on several corporate boards.

Richard L. Sandor

Richard L. Sandor (Ph.D.) is Chairman and CEO of the American Financial Exchange (AFX), an electronic exchange for direct interbank/financial institution lending and borrowing. He is also the CEO of Environmental Financial Products, which specializes in inventing, designing and developing new financial markets. EFP was established in 1998 and was the predecessor company and incubator to the Chicago Climate Exchange (CCX), the European Climate Exchange (ECX), the Chicago Climate Futures Exchange (CCFE) and the Tianjin Climate Exchange (TCX). 

Dr. Sandor is currently the Aaron Director Lecturer in Law and Economics at the University of Chicago Law School and an Honorary Professor at the University of Hong Kong. He was honored by the City of Chicago for his universal recognition as the “father of financial futures”. In 2002 he was named by TIME Magazine a “Hero of the Planet”; and in 2007 as one of the magazine’s “Heroes of the Environment” for his work as the “Father of Carbon Trading.” 

In October 2013, Dr. Sandor was awarded the title of Chevalier dans l´ordre de la Légion d´Honneur (Knight in the French National Order of the Legion of Honor), for his accomplishments in the field of environmental finance and carbon trading. He holds an honorary degree of Doctor of Science, honoris causa, from the Swiss Federal Institute of Technology (ETH). 

Dr. Sandor is a Member of the Advisory Board of the Center for Financial Stability, a Senior Fellow of the Milken Institute and a Member of the Advisory Committee of the Ronald Coase Centre for Property Rights Research at the University of Hong Kong. He served on the board of directors of leading commodity and futures exchanges in the United States and Europe.  

Dr. Sandor is the author of several books, more recently “Electronic Trading and Blockchain: Yesterday, Today and Tomorrow”, published by World Scientific in the Spring of 2018. 

Anne Sheehan

Ms. Sheehan recently retired as the Director of Corporate Governance for the California State Teachers’ Retirement System (CalSTRS), the largest teacher’s pension fund in the USA, where she was responsible for overseeing all corporate governance activities for the fund including company engagements, $4 billion in active management, and proxy voting. Ms. Sheehan has extensive senior leadership and strategic experience in complex organizations and has served on numerous boards. Her diverse career includes experience in human resource management, healthcare, pension and investment management, energy and resource management and environmental conservation.

In August 2004, recently-elected Governor Arnold Schwarzenegger recruited Anne Sheehan to join his new administration as the Chief Deputy Director for Policy of the California Department of Finance.  In this capacity, she represented the Governor on more than 80 state boards, commissions, and public financing authorities. These various entities covered a very broad spectrum of topics and policy issues and, included such diverse organizations as the State Lands Commission, the Commission on State Mandates, and the California Public Works Board. Additionally, Anne also had staff oversight responsibility for managing the Governor's Council of Economic Advisors.

Ms. Sheehan has had nearly three decades of management and leadership experience in major policy positions at both the state and federal levels. At 29, she was appointed by President Ronald Reagan as the Deputy Assistant Secretary for Congressional Affairs in the Department of Energy. She had the distinction of being the youngest person to hold such a position in the Reagan administration.  Upon her departure from Washington, Ms. Sheehan came to California and served two California governors in a variety of senior positions culminating in her appointment by Governor Pete Wilson as Secretary of California's State and Consumer Services Agency.  This organization has 14,000 employees and an annual budget of $1.7 billion.

In addition to her regular job responsibilities at the Department of Finance, Governor Schwarzenegger called upon her to undertake special projects for him.  At the beginning of his administration, she was on special assignment as the Executive Director of the California Performance Review Commission which developed a lengthy series of recommendations to restructure and reorganize the state government. In 2007, Anne was responsible for directing the Governor's Post Employment Benefit Commission.  This was a special commission established to analyze the seriously unfunded pension and health care liabilities of all the cities, counties, and public agencies in California.

Ms. Sheehan served as the Chair of the Council of Institutional Investors for 2012 and 2013 as well as having served two terms on the NASDAQ Listing Council. Ms. Sheehan is currently Chair of the SEC’s Investor Advisory Committee, is a Member of the Advisory Board of the Weinberg Center for Corporate Governance at the University of Delaware, and is a Member of the Board of Directors of the 30% Coalition. Ms. Sheehan was named one of the 100 most influential people on corporate governance by Directorship magazine for the past eight years. 

Anne Simpson

Anne Simpson is Investment Director, Sustainability at CalPERS. She led the development of CalPERS' award winning sustainability strategy across the $350 billion multi-asset class portfolio (www.calpers.ca.gov)  
She is currently seconded to the office of the CEO to lead strategic initiatives for CalPERS. These include the Climate Action 100+ (www.climateaction100.org).

Climate Action 100+ is a network founded by CalPERS of 300 global investors responsible for assets of $30 trillion focused on collaboratively engaging systemically important carbon emitters in order to bring greenhouse gas emissions in line with the goals of the Paris Agreement on climate change.

Anne is also a member of the SEC’s Investor Advisory Committee and the International Financial Reporting Standards’ Advisory Council. Anne serves on the Leadership Council of the Robert F. Kennedy Center for Justice & Human Rights and on the Senior Advisory Board of the Center for Responsible Business at the Haas School of Business, University of California, Berkeley.

Anne is the author of “The Greening of Global Investment,” published by the Economist, and the co-author of “Fair Shares: The Future of Shareholder Power and Responsibility,” published by Oxford University Press.

Anne’s previous roles include: Senior Faculty Fellow and Lecturer, Yale School of Management; Executive Director, International Corporate Governance Network; Head of the World Bank-OECD, Global Corporate Governance Forum; and Joint Managing Director Pensions & Investment Research Consultants Ltd.

Anne graduated from Oxford University where she read Politics, Philosophy, and Economics. She was a Slater Fellow at Wellesley College, Massachusetts. 

Ann Yerger

Ann Yerger is a member of Spencer Stuart’s North American Board Practices and a director of Hershey Entertainment and Resorts Company, serving on the nominating/governance committee and chairing the compensation committee. Her deep background in corporate governance includes service as executive director of EY’s Center for Board Matters and 20 years at the Council of Institutional Investors in Washington, DC, including a 10-year leadership role as CII’s executive director. Prior to joining CII, Ann was deputy director of the Investor Responsibility Research Center’s corporate governance service, and her previous experience includes corporate banking at Wachovia. 

She has been included multiple times on the National Association of Corporate Directors’ list of the 100 most influential corporate governance professionals. In 2016 the International Corporate Governance Network awarded her the ICGN Award for Excellence in Corporate Governance. Ann has served as a member of the Investor Advisory Group of the Public Company Accounting Oversight Board and the Investor Advisory Committee of the US Securities and Exchange Commission. She also served on the Nasdaq Listing and Hearing Review Council, the CFA Institute Advisory Council, the Advisory Board of the Weinberg Center for Corporate Governance, and the US Treasury Department’s Advisory Committee on the Auditing Profession. She has testified on corporate governance issues before the US Senate Committee on Banking, Housing and Urban Affairs and the US House Financial Services Committee. 

She is a CFA charterholder and a graduate of Duke University with an MBA from Tulane University.

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