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?
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Be part of the “in crowd”!

Broads Circle is a MovementKick up the commerce! Join us in driving revenue and growing capital for women!

When you first try something new, like a new dance move, it’s a bit uncomfortable and feels unnatural, but after a while you get the moves down and it becomes second nature.  Like Derek Sivers’ video of the small change required to turn a “lonely nut” into a leader, once you add a follower – and other brave followers join in – it transforms into a movement.  With a movement, you can change the world!  The Broads Circle movement wants to see:

  • More women driving big revenue and growing big capital for each other
  • More women who run big business, and have P&L roles
  • More women on corporate boards
  • The pay gap disappear!

The best way to make a movement, if you really care, is to courageously follow and show others how to follow.

When you find a ‘lone nut’ doing something great, have the guts to be the first person to stand up and join in.  Check out Derek’s video:

Women Leaders Wanted

networkingBuild confidence, establish rapport, ask for the business, ask for the bonus, ask for the promotion…

Women leaders wanted:  When it comes to driving revenue and growing capital, ask a woman to do the job.  We have established that women are the undervalued asset!!!  But we Women–Bottom Line Broads, Money Magnets–all agree that we need to be the change we want to see:

  • We want to see Equal Pay for Women.  How do we get there?  DRIVE MORE REVENUE!
  • We want to see More Women CEOs.  How do we accomplish that?  Put yourself in a P&L job and Bring in the Profits!
  • We want to see More Women on Boards.  What’s our strategy?  Network and build relationships, and establish your Money and Power credentials!
  • We live in a capitalist system.  Money is the means of exchange.  We determine the value and worth of things in terms of money.  So if you want to get to equal pay, C-suite jobs and more board seats, you need to focus on the Money, the Revenue, the Profits and the Power!

If you get into a business situation where you are the only woman sitting in the room, and money is about to change hands or capital is being created or revenue is being generated, try to find a way to bring other women to the table.

  • Ask service providers if they have women who can be assigned to your engagement.
  • Ask vendors and suppliers if they have any senior-level women you can deal with.
  • Ask the companies that you invest in if they have any women in leadership positions, executive ranks, P&L roles or on the corporate boards.

Change your perception: it’s not about what is missing.  Look at the big picture, think positive, focus on the Money, ask for what you want, and demand what is YOURS.

Don’t let your revenue go on vacation for the summer!

revenueDon’t let your revenue go on vacation for the summer!  This is the time to work harder to get meetings scheduled and to network.  Remember that most of the folks you need to drive your revenue are working folks like yourself, so they will not be able to take the summer off!  Do take some time to spend with your family and kids, but make sure you are focused on driving revenue and growing your capital during the other 8 weeks that are left.  Don’t take your foot off the gas pedal, keep plugging away, and try to drive revenue and grow capital for yourself.

I wanted to share a few things I just learned about women as a whole from Sharon Hill, author of Alpha Females.

  1. WOMEN: THERE ARE MORE OF THEM.  According to the U.S. Census Bureau, women in this country currently outnumber men by about 4.7 million, and that figure is expected to swell to 5.8 million by 2030 and 7.4 million by 2050.
  2. ONE IN FIVE WOMEN IS OVER AGE 60.  The U.S. population is aging, and women represent a majority of the older cohorts. According to the Census, in 2010 about 20.1% of all women were over age 60, vs. 16.6% of all men; current estimates are that by 2030, 26.4% of all women will be over 60, vs. 22.9% of all men.
  3. WOMEN LIVE LONGER THAN MEN DO. Based on U.S. Census Bureau estimates, women may live five years longer than men, on average.  Longer life spans for women drive different behavior.  Women need more capital to fund the longer life expectancy.
  4. THEY ARE MORE RISK AVERSE.  Research by academics and practitioners has generally shown that women, on average, tend to have a lower risk tolerance than males.  Women need help to get comfortable with risk.
  5. THEY’RE GROWING WEALTHIER.  The Bureau of Labor Statistics reports that the gender wage gap in the U.S. has narrowed, with women now earning, on average, about 80% of what the average male earns.  And Hill notes that almost 60% of all undergraduates in the U.S. are female, up from about 40% in the late 1970s, according to the National Center for Education Statistics. “We’ve got an educated class that may well be increasingly female in composition,” she says. “Women are catching up to men in terms of education levels, and there’s every reason to believe that they are likely to control more wealth going forward.”

We were delighted to welcome three new Premium Members (Bottom Line Broads) in May, including:   Beth Shaw, Founder and President, YogaFit®; Judy Jernudd, CEO, Startegic Personal Branding and Startegic Studios; and Brenda Matsubayashi, COO, YogaFit Training Systems Worldwide, Inc.

We hope to see you soon!  View upcoming events at www.BroadsCircle.com.

More Women Are Primed to Land CEO Roles

By JOANN S. LUBLIN and KELLY EGGERS
The Wall Street Journal

In the U.S., a Strong Pipeline of Female Senior Executives Means a Larger Pool Eyed by Recruiters

Anne Sweeney of Disney-ABC is on the CEO radar of many boards,’ says one succession-planning expert.  Companies are grooming more women for the corner office.  With a growing pool of highly qualified women and intensified investor pressure on boards to diversify corporate management teams, companies “are hiring more high-potential women who could be CEO,” says Judith von Seldeneck, head of Diversified Search, a Philadelphia executive-recruitment firm.

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Smart Women And The Art of Self-Promotion

Joy ChudacoffBy Joy Chudacoff, ICF, PCC
Success Coach and Mentor to Women Entrepreneurs
Founder, Smart Women Smart Solutions®  and Advisory Board Member, Broads Circle

One of the questions I’m frequently asked by women entrepreneurs is, “When I meet someone who is a potential referral source and/or ideal client, how do I mention my business without feeling pushy?” Great question! Being able to communicate your marketing message with confidence is key to attracting more clients, increasing your income and becoming known for your expertise.

The idea of “self-promotion” or “selling” leaves some women feeling like they are bragging, being pushy or not considerate of others. It can create anxiety and fear which in turn keeps you stuck and unable to reach your business goals. Women are nurturers by nature and the thought of putting their needs in front of someone else’s may feel unnatural.

I understand the feeling (I’ve experienced it too), however if you are determined to achieve your business goals, it’s essential you communicate your message about what you have to offer and how you help people. Do so often and to as many people as possible (otherwise, you will remain the best kept secret in town which in this case, won’t serve you). People are super busy and can’t read your mind so it’s up to you to take on the responsibility of creating interest in how you support people with your product or service.   When I have an opportunity to share how I support women entrepreneurs, I use the R&R approach (Relationship + Results). It feels both authentic and comfortable for me and I think it will for you, too.   Continue reading

Independent Contractor or Employee?

What are the new laws and penalties?

Olivia GoodkinBy Olivia Goodkin
Partner, Employment & Complex Business Litigation
Greenberg Glusker
Broads Circle Premium Member

It is business as usual in California, with stricter employment laws now in effect to vex companies of all sizes.  My challenge as an employment attorney is to advise my clients on compliance with the law, but in a way that contemplates the practical aspects of running a business.  This year I will be focusing on the new penalties for violation of the laws regarding classification of workers as independent contractors instead of employees (one lawsuit under the new law already has been threatened against a client of mine), drafting commissions agreements for salespersons, which will be required for all California salespersons as of January 1, 2013, and revising arbitration agreements to comply with ever-changing judicial opinion.  Click here for more information about arbitration agreements.

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