How does the leader of an international accounting firm with over 135,000 employees ensure that its professionals stay knowledgeable and stay connected? Karole Lloyd, Vice Chair for Industry and Knowledge at Ernst & Young LLP, addressed that topic recently with the students in the UAB School of Business's honors program, which focuses on leadership.
Lloyd described the firm's "People Find" system which was developed after the 9/11 attacks to enable the firm to locate its employees anytime, anywhere. The firm knew immediately, for example, that it had several employees aboard the USAir jet that crash-landed in the Hudson River recently.
She also described the webcasts and podcasts that are available to both employees and clients on a wide variety of subjects related to the firm's assurance (auditing), tax, transaction and advisory services.
On the same visit, Lloyd also addressed accounting faculty members and students, including members of the UAB chapters of Beta Alpha Psi, the accounting honorary society (of which Karole is a member from the University of Alabama) , and the National Association of Black Accountants. She described her own nearly 30-year career with Ernst & Young, which has included a wide variety of positions and locations. In response to a student question about when to move for your job, Karole commented, "Say yes often and say no strategically."
Ernst & Young recently announced that effective July 1, 2009, Lloyd will join the governing body of the firm and will assume the position of Southeastern Area Managing Partner in Atlanta, with oversight responsibilities for six states and the Caribbean. Karole and her husband John have three sons and live in Mountain Brook.
School of Business Dean David Klock, Ph.D., said, "Our students were truly inspired by so accomplished a professional as Karole Lloyd, and we thank her for taking time from her schedule to visit the UAB School of Business."