The Corporate Boards of Tomorrow
As U.S. Vice President of the McDonald's Long Beach Field Office, Ofelia Kumpf leads the company's $5 billion operating business spanning across Southern California, Nevada, New Mexico, Arizona, and West Texas. Additionally, she served as McDonald's Global Women's Leadership Network U.S. Chair through December 2021, is a director member of the Latino Corporate Directors Association and serves on the board of trustees for the Ronald McDonald House Charities of Southern California and Southern California Public Radio. In July of 2021, she was appointed to Frontier Airlines Board of Directors. Seeing that the boards of tomorrow will require new skillsets and perspectives, she attended Harvard Business School's Accelerating Board Diversity program.
Why did you choose to attend Accelerating Board Diversity?
I decided to attend Accelerating Board Diversity because the role of corporate boards is evolving as the world changes rapidly. I believe it's a good idea for companies to evaluate their boards and make changes that show they have a real commitment to diversity, equity, and inclusion.
The pandemic caused enormous disruptions in consumer behavior and employee expectations. As the world and economy continue to evolve at breakneck speed, so too must corporate boards. There's a need for different kinds of board expertise due to an evolving workplace and workforce.
With that said, there's no better time than now to attend Accelerating Board Diversity. I knew Harvard Business School would provide the adequate tools and resources as more and more companies appoint board members that reflect today's diverse world.
How would you describe the program's value to someone considering it?
The programs, faculty, participants, and the vast wealth of resources available at HBS were truly amazing. In the program, I was able to connect with other participants that represented a wide range of industries and backgrounds. The program delivered a stellar experience, with its brilliant faculty, insightful speakers, and relevant case studies.
What impact has this program had on you since you attended?
I had several key learnings from this program that were applicable to my own board journey and business experiences. I gained new insights into building a strong board, and I was able to discuss with my peers how to create an effective value proposition as a director candidate. We also had the opportunity to interact with faculty members, search firms, and organizations dedicated to diversifying boards.
What surprised you most about the experience?
Despite the increasing focus on the importance of diversity in public boards, it remains a major issue. That's why relationship building and marketing one's superpowers and value are critical to breaking through the barriers. This program allows attendees to reflect on their skillsets and prepare their individual value propositions. You receive coaching not only during the program's one-on-one time with affiliated search firms, but also beyond the program's end—the commitment is real, from everyone affiliated with the program.
What advice would you give to someone who was considering the program?
I highly recommend you attend and learn about ways to help companies ensure that their boards reflect the diversity of our world. This program will give you the tools and insights to do this effectively. The faculty, guest speakers, and organizations involved with the program add to the value of the cohort and the relationships you build on campus. The community has been tremendous, and some of us have created smaller cohort dinner groups by geography, continuing to build relationships and broaden our network as we share our journeys and experiences.
Is there anything else you'd like to share about the experience?
The experience prepares aspiring executives and business owners for the journey of being selected to join boards. The guidance and coaching that participants receive in narrowing their value proposition and defining the benefits they bring to boards—it's tremendous and worth the time commitment and investment.