SURVIVAL GUIDE: How Ann MacDougall prepares for board meetings

Ann MacDougall: Director, Opiant Pharmaceuticals, Inc., and Atmos XR

The board of Opiant Pharmaceuticals has three to four in-person meetings a year, but there are also monthly calls and “out of schedule” meetings on particular topics given the opioid crisis, says Ann MacDougall, who chairs the compensation committee and serves on the audit committee.

The NARCAN nasal spray, made by Opiant Pharmaceuticals, reverses opioid overdoses by competing against what opioids do to the brain. Thousands of people have been saved by the medication (resulting in 9-11% fewer overdose deaths in the U.S. between 1999 and 2014, according to the National Bureau of Economic Research), but it does not come without controversy.

Local law enforcement argued about making the drug available; many states have been making the medication available over-the-counter; and federal panels have convened to try to come up with a solution to the opioid crisis facing the country.

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While MacDougall keeps on top of everything that's happening, she tries to stay focused on the company's next program, new trials and successful governance to keep the organization moving forward.

“We discuss a lot of organizational and financial matters rather than what is going on (in the news),” she says. “(The opioid epidemic) is huge in the public eye so the hard thing we need to do is keep the pace. Most of the board business and focus is on the essential business of organization, ensuring proper governance, the right financing, the right partnerships.”

As a board member on a leading pharmaceutical company in the fight against opioid addiction and overdoses, Ann MacDougall constantly updates her knowledge.

Recently when MacDougall saw a photo essay on the opioid crisis in Time magazine, she forwarded it to the board and executives. And when Opiant CEO Dr. Roger Crystal appears in front of a government panel or on a national news program, the board tunes in. “But that's not just for an upcoming board meeting, that's on an ongoing basis,” she says.

After two years on the board she's no longer “a rank beginner,” in the specialty pharma space, but she says she is grateful to have Phil Skolnik, the company's chief scientific officer to consult as needed. “He's a great explainer to a smart lay person like me.”

What helps her physically get through meetings is also about being prepared.

The coffee found in boardrooms is typically not strong enough for MacDougall. So the seasoned board member has learned how to make sure she satisfies her caffeine needs.

“On breaks I'll go out and get a double espresso. People laugh about it — ‘Ann has to make her coffee run.' But if I don't, I just flag in the afternoon,” she says.

She sits on several boards in total and meetings are not only on the East and West coasts of the U.S., but also the UK. She has a java strategy for any locale.

If there isn't a coffee shop around, or if MacDougall even suspects there won't be an espresso within walking distance, she plans ahead. She packs her Bodum travel press, already loaded with grounds so she can make coffee with just a little boiling water. She takes this seriously.

“It's my responsibility to make sure I'm sharp,” she says.

And she never travels without her clothing staple in her suitcase — “travel trainers.”

“I bought them 15 years ago,” she says. “Instead of regular sneakers, these fit in a carry-on because it all has to fit into a carry-on.” The sneakers are perfect for an indoor hotel gym.

“I seriously think exercise before the meeting is very important,” MacDougall says. “It makes me feel more virtuous and, more important, helps me stay focused.”

This is an ongoing feature of Directors & Boards. To be considered as a subject for Survival Guide, contact Eve Tahmincioglu at eve@directorsandboards.com.

 

About the Author(s)

April Hall

April Hall is the former managing editor of Directors & Boards


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