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2019 DCRO Exemplar Award Winners Annouced by the Directors and Chief Risk Officers' Group

The Directors and Chief Risk Officers Group

International recognition of six individuals - each an exemplar in advancing the best in risk governance practices and service to the profession globally.

The DCRO is pleased to honor these outstanding leaders and hope that this recognition of their work will inspire others to likewise innovate and pursue high ideals as well.”
— David R. Koenig, Founder of the Directors and Chief Risk Officers' group
NORTHFIELD, MN, USA, May 8, 2019 / -- The Directors and Chief Risk Officers group (“the DCRO”) announced today that it has recognized the accomplishments and contributions of six individuals - each an exemplar in their dedication to advancing the best in risk governance practices and the connection between better governance and value creation.

DCRO Exemplar Award honorees were chosen based on the key areas of Integrity, Innovation, Leadership, and Service with an emphasis on a long history of, or positive and important changes to, governance and sustainability practices in their work.

“I have worked with each of these individuals and can attest to their commitment to the highest standards of risk governance and service to others,” said David R. Koenig, founder of the DCRO. “We’re pleased to honor them and hope that this recognition of their work will inspire others to likewise innovate and pursue high ideals in this area as well.”

Named as individual DCRO Exemplar Award Winners are:

• Florence Anglès, Switzerland
• Laurie Brooks, United States
• Todd Davies, Australia
• W. Ronald Dietz, United States (posthumous)
• Carol Gray, Canada
• Darlene Halwas, Canada

Florence Anglès, MBA, CAIA, is the Head of Group Risk Management at REYL & Cie in Geneva. Her career work includes positions with at Société Générale (Paris), KPMG Advisory in Brussels, BCV, where she served as head of internal model validation (PD, LGD and EAD), and Deloitte where she served as Senior Manager in charge of risk management for French-speaking Switzerland. Florence is President of Business & Professional Women (BPW) Club Geneva, member du club de lecture du Prix Turgot in Paris and founder of a risk association GIROS in Geneva.

Laurie Brooks is a member of the board of directors of Provident Bank, where she serves on the Compensation and Technology Committees and chairs the Risk Committee. She serves on the Advisory Board for the Enterprise Risk Management Program at North Carolina State University and is secretary to the board of trustees of Ocean Studies Charter School. She is the retired vice president - risk management and chief risk officer for Public Service Enterprise Group and served in senior risk roles at PG&E Corporation, Deloitte & Touche, and Equitable Resources, Inc.

Todd Davies has contributed to better practices in risk leadership and assurance for more than 20 years and currently chairs audit and risk committees across public education, public health, and public transport in Australia. He led the development of KPMG’s global risk-based internal audit methodologies, contributed to global practice guides and advisories for the Institute of Internal Auditors (IIA), risk oversight guidance by the International Corporate Governance Network (ICGN) and has made significant contributions to DCRO. He was a member of Australia’s governance standards group for listed companies (ASX Corporate Governance Council) and an author and editorial panel member at Risk Management Today. He was recognized as Fellow of both the Institute of Internal Auditors and the Institute of Chartered Accountants for his service and contributions to their respective professions in Australia.

W. Ronald Dietz was the retired President and Chief Executive Officer of the W.M. Putnam Company headquartered in Bloomington, IL. He served as Chairman of the Board of the DuPage Children's Museum in Naperville, IL and was a Director of Capital One Financial Corporation, where he was Chairman of the Audit and Risk Committee. Previously, he was Chief Executive Officer of Anthem Financial and American Savings Bank of New York in Indianapolis, IN, where he also served on the Board of the Indianapolis Children's Museum. Ron was one of the earliest supporters of the DCRO and the DCRO Qualified Risk Director Guidelines are dedicated in his honor.

Carol Gray, ICD.D has over 30 years of experience in the financial services industry including senior executive roles in Risk Management, Strategic Planning, Commercial Banking at CIBC and President Equifax, Canada. Ms. Gray has served on numerous corporate, university and crown corporation boards of directors including Ontario Reality Corporation (Chair), Infrastructure Ontario (Chair of Risk Committee), University of Mount Royal, Trillium Health Centre, T-Bay Tel. Ms. Gray currently serves on the Boards for IFM Investors (Australia), Amex Bank of Canada (Chair of Risk Committee), IPFM (Australia) and Trent University Board of Governors (Canada). She is a member of the Risk Management Association (RMA), Institute of Corporate Directors (ICD), and the Directors and Chief Risk Officers (DCRO).

Darlene Halwas, CFA, FRM, ICD.D currently serves on the boards of Canada Development Investment Corporation, the Commission for Complaints for Telecom-Television Services, and Alberta WaterPortal Society. She has almost 30 years work experience, with 15 years focused on leading risk management functions for companies. Her other board service has been on Alberta provincial crowns, private companies, and NFP organizations. In 2012, she was awarded the Queen Elizabeth Diamond Jubilee medal for her commitment to Canada. In 2014, she became part of the Diversity 50 by the Canadian Board Diversity Council.

Investors, regulators, many other interested parties have come to expect adoption of best practices in governing the risks that organizations take. And, successfully realizing the link between good governance and the creation of value at companies requires integrity, innovation, leadership, and service. This year’s winners join ten other individuals recognized last year, all of whom can be found on the DCRO website at

About the Directors and Chief Risk Officers group - The DCRO is an informal network of more than 2,000 board directors, chief risk officers, and other c-level executives from over 115 countries, whose work involves the governance of risk-taking. Group members develop and share best practices around risk governance across industries and geographical regions. At the core of DCRO work are a series of Guiding Principles developed by collective effort of DCRO Governance Councils. For information about the DCRO, please visit

David R. Koenig
The Directors and Chief Risk Officers Group
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