An interview with Dennis Chookaszian, retired chairman and CEO of CNA Insurance Companies, conducted by Roger Nanney, vice chairman, Deloittle LLP, and national managing partner of Deloitte Growth Enterprise Services.
Can you talk about your background?
I’ve had three careers. My first career was with Deloitte. I was with them for eight years in management consulting. About half of the work I did was technology systems work, half was accounting and finance work. Then I was with CNA for 27 years; CFO for 15 years; the president, CEO and chairman for nine years, then on the board until I retired.
My third career, which I’m doing now, is a combination of two things. I serve on the boards of many companies and I teach two courses at University of Chicago in the MBA program, and teach four of five times a year at two different universities in China and I also teach at a university in India. The courses I teach are corporate governance, related to both public and private companies and also not-for-profits.
I’ve served 13 public boards and 50 private company boards. When you serve on 60 different boards you kind of see everything.
We’ve all watched what’s happened in the public company environment with boards over the last decade. How has the private company board evolved over that period of time and to what extent has there been any mirroring with what’s going on in public boards?
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