March 5: 4th Annual Women on Corporate Boards

Sitting pretty on a public company board:
should she care what the shareholders really think?

Women on Corporate BoardsPlease join us for a substantive discussion of an illustrative case study at roundtables followed by a moderated panel discussion with Robin Abrams, Larraine Segil, Beth Bronner, Katherine Blair and keynote speaker, Moira Conlon.

LEARN MORE & REGISTER HERE

Post-Event Bottom Line and Executive Broads Private Dinner
Panel will discuss at the dinner:

  • Pathways for getting your very first private company board of directors seat.
  • If you already have private company experience, how do you move up to a public company board?
  • Does it pay to sit on a corporate board, in terms of current income and future economic opportunities?

Board Women?

Tracy WilliamsTracy Williams,  President and CEO
Olmstead Williams Communications, a public relations boutique

Ready to serve on a corporate board – mid market would be a great place to start

My ears perked up at Tuesday night’s “Women on Corporate Boards” event at the Omni in Downtown Los Angeles when one of the panelists said boards “even need PR people.”  We were also told we need to broadcast our interest on serving on corporate boards.  Another tip for women interested in serving on boards was that a good director is someone who asks the “Why” questions, according to Edith Perez, who serves on Con-Way Inc.’s board.  That is the cornerstone of a PR practitioner’s job – or it should be.  With two important attributes down, I should be a shoe-in, right?  We learned that it’s important to have served on non-profit and possibly government commissions, check.

The panelists – Gabrielle Greene, Whole Foods board member; Janet Kerr, La-Z-Boy board member; Edith Perez, Con-Way Inc. board member; and Wendy Webb, Jack in the Box board member – gave reason to hope in the way that accomplished, extremely well-educated and gracious people always do, with an “if we can get a board seat, so can you.”  However, the reality is that women represent only 16 percent of membership on corporate boards.  Edith Perez said she hoped that the number would reach 30 percent in her lifetime.  But Edith is much too young to make that a happy number: the European Union has already required the quota for women on boards to reach 30 percent by 2015.  Looking around the room, I saw a sea of untapped talent that corporate America would be wise to consider.  Board recruiters, take note: you can access an impressive list of female candidates here.  Go ahead, give them a call.  Studies show that adding women to your corporate board will also add to your bottom line.

Olmstead Williams Communications
10940 Wilshire Blvd, Suite 1210
Los Angeles, CA  90024
310.824.9000
http://olmsteadwilliams.com

Extraordinary Exceptionalism

Broads CircleHave you ever been to a Broads Circle event?  If not, what’s holding you back?  Please take a few moments to answer 3 quick questions and give us your feedback.  Click here to take the survey  

At Broads Circle what we care about is Helping Women Make Money!!!  In an era of financial crises, it has not been easy even for the ‘best of the best’ to grow capital and drive revenue.  But we feel a change in play for women who have the motivation and ambition to drive revenue and grow capital, a time that offers extraordinary opportunity to achieve exceptional results in all metrics for women:

  • Revenue: bottom line money, money in the pocket
  • Capital Transactions: women enjoying liquidity events
  • Power Women Capitalists: women sitting in power seats in the C-Suite and in the corporate Boardroom

The Broads on Boards 2042 Manifesto:  Calling all women captains of industry and other brilliant women!  Let’s take on the challenge that we will work our way into those corporate board seats, until we get to parity by 2042!  No excuses!

March 20:  3rd Annual Women on Corporate Boards
Sponsored by Levine Leichtman Capital Partners
Broads on Boards is hosting this event downtown LA.  If you want to power network with the women who sit at the table in corporate boardrooms, come to this event at the Omni Hotel and learn from corporate Board Directors of Lazy Boy, Jack in the Box, Conway and Whole Foods.  Ask them if they think that women can conquer 50% of all American corporate board seats by 2042.  Register by March 18 to avoid late registration fee!

Register here

June 5:  Driving Revenue at the Legal Speed Limit! – Sponsored by Latham & Watkins

Women General Counsels discuss sitting in the C-Suite and how to make sure you are driving revenue and growing capital within the law.  Our panel will discuss how to push the pedal to the metal on revenue and capital growth and still play fully within the law, in an increasingly regulated and legally complex global business environment.  We are currently working on putting this panel together–stay tuned for more details.   Continue reading

Broads on Boards Workshop

Fay FeeneyBy Fay Feeney
CEO, Risk for Good
Broads Circle Advisory Board Member

Join us on April 17th for lunch and the opportunity to put your plan together for reaching for that board seat or big client or the corner office.  It all begins with the vision of what you want to see happen.    We’ll be focused on how you can align your unique network to open the boardroom doors for you.  If opening the boardroom door is something you’ve thought about, we’ll work with you to put together a plan.  If getting a new client or job is more to your liking, our lunch will be the perfect place to begin your planning.

We’ll be able to use our time together to learn from Joy Chudacoff about having a plan and from Rochelle Moulton about crafting your marketing message.  With a plan and a clear message, Money and Power become attainable goals.  Mark your calendar to join us for this unique opportunity to create your future.

Register for the event

Fay Feeney
CEO, Risk for Good
Fay@Risk4Good.com
Fay is an engaged member of the governance communities of Web 2.0 (Linked In, Twitter & Facebook) and a regular attendee at governance education.  She holds the Director Professional Governance Fellow 2011 certificate from NACD.

The “Forward Thinking” Boardroom

By Fay Feeney
Broads Circle Advisory Board Member

On June 1st, we’ll be having another “must attend” outstanding program for Broads on Boards.  Yes, I’m a little partial because Dick Poladian and I have been colleagues since high school.  It is a special kind of pleasure to see one of my Culver City classmates make it to the big time.  I’m not only a life-long fan of Dick’s but so thrilled that he’s joining us to share the perspective of how he made it into a Fortune 250 boardroom while still in his 50’s.  In a recent issue of Directors & Board the cover story was “Are Boards Too Old?”  According to Institutional Shareholder Services, Inc., age ranges for the S&P 500 directors in their 50’s represent 29.2%.  Under-40 directors represent 5.3% , and I’ll let you do the math on directors 60 and older.

Being open to a diverse perspective includes having age as a factor.  At any age, the measure I consider is a willingness to refresh knowledge and not relying on solely on experience in a rapidly changing, 24/7 globally connected world.  I’ve included a recent post from www.riskforgood.com where we execute on “strategic board management” plans for board chairs to lead the “forward thinking” boardroom.  Please register for the June 1st event and join the conversation!

The “Forward Thinking” Boardroom

I’ve been thinking a lot lately about how to help corporate board chairs take “intelligent risk.”  Their role is more complex than ever and the time available to lead has placed heavy demands on meeting regulatory compliance issues.

This narrative has been playing out in boardrooms since the dawn of time.  How do I get my team together and lead the hunt in a world of risks?  The backdrop has changed from physical risk to strategic risk; however, many of the same leadership challenges remain. Continue reading

Are You Investing In Yourself?

By Fay Feeney 
Broads Circle Advisory Board Member

Just back from a fantastic couple of days in Deer Valley, UT at the National Association of Corporate Director foundational course, Director Professionalism®.  I’m always thinking about what I’ll need to know to be up-to-date and networked to help my clients.  Yes, you need to consider what it will cost you but it is not just the money for tuition, flight, hotel and loss of revenue; it is also the loss of opportunity from not being current.
 
In our fast moving world, it’s not only what you know, but who in your network can help you keep your knowledge current.  Always good to set new goals.  For me, I’m looking forward to becoming a 2011 NACD Governance Fellow.  What are you investing in to keep your knowledge freshened up?  Here is a recent blog post from my Deer Valley, UT trip: http://blog.nacdonline.org/
 
Fay Feeney is CEO of Risk for Good, an advisory firm providing board chairs and corporate counsel guidance to monitor, govern and leverage the fast-moving landscape of social media, technology and the Internet.  You can visit her at www.riskforgood.com

Fay is offering our Broad Circle Premium Members a strategic call to assess their readiness for corporate board service.  Learn more about Premium Membership here.

Email: fay@risk4good.com

Women on Corporate Boards

 

BoardroomWhen you think about someone who serves on a corporate board, you don’t generally think of a woman. The research shows that there are indeed very few women who serve on corporate boards.

Organizations like Catalyst and Harvard have published studies with a focus on statistics and details by type of company and a comparison of geographic differences. To put it mildly, the news is not uplifting. The percent of women corporate board members to total board members is in the single digits. In fact, the news is so depressing that these esteemed organizations have decided to find a way out, or a positive approach to tackling this problem.

Harvard, for example, has done research that shows that corporations with women board members can excel because women think differently than men and can add to enterprise value. Catalyst explores appealing to men to focus on bringing women onto boards. Yet another esteemed organization, The Global Economic Forum, studies how companies with women board members perform better in various ways compared to companies with no women board members.

In my own limited, non-scientific and, frankly, ill-informed survey I have found that the few women who serve on corporate boards are in fact superhero, extraordinary women. But based on my personal experience, many of the men who serve on corporate boards are relatively ordinary men – definitely not superheroes. So, I have wondered why there is such a large disparity in the type and quality of the women who serve on corporate boards versus the men who serve on corporate boards.

Continue reading

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