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Angela Desmond

Angela Desmond, LLC

Industry Experience:
Deep understanding of regulatory environments (contacts across financial sector regulators) and objectives of oversight agencies
Broad knowledge of the financial sector (payments, securities, banking, insurance) and regulatory requirements (including AML); some knowledge of telecom sector and IT security; enjoy technical environments
Broad knowledge of external audit and auditor oversight (meet  definition of financial expert for purposes of serving on audit committees)
Former General Counsel and active Bar membership
Experienced in corporate governance, strategic planning and risk management
Experienced in crisis management, communications and business resumption planning

Functional experience:
Examples of non-government organizations/size (at the time I was there) include
One of three original Senior Directors of new financial consulting firm performing strategy, business development and fulfillment, and internal governance (approx $5 mill)
Senior Director at Financial Services Policy Organization, performing policy development, outreach, (including work with audit committees and auditors), collaborative projects and publications, communications/press (approx $15 mill)
Chief of Staff and Chief Administrative Officer  at Quasi-Governmental Organization with line responsibility for strategic objectives and day to day operations (including HR, IT, Budget) ( approx $118 mill)
General Counsel and Director of Arbitration for Quasi-Governmental Organization, overseeing all corporate legal issues, rulemaking/policy initiatives, and interactions with SEC, advising Executive Director and 15 member board, and overseeing arbitration program for municipal securities dealers (approx $25 mill)

Key Business Transactional Experience:
My work largely has been within public sector, with some consulting for banks and financial services companies (e.g., board advising and training, compliance, AML/BSA, audit policy).  I have not had hands-on experience with a private, corporate transaction.

What is the most important skill you bring to a corporate board?
Above all, I bring an open, curious and practical mind; I am not afraid to make decisions.  I have a deep understanding of the oversight role that boards play and the difference between the roles of management, the board of directors and other outside experts. I understand the operational imperative, can offer a legal perspective infused with a practical mindset.  I enjoy building consensus and overall, I am excited by the prospect of playing a useful role in building a strong and successful company.
I have completed the NACD’s Director Professional course and participate in the DC chapter activities.