Widening the Talent Pool for Board Effectiveness
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1 Non-Executive Directors Webinar Series 10 June 2011 Widening the Talent Pool for Board Effectiveness
2 Rudy Markham Deborah Harris Rudy Markham is an experienced Non- Executive Director on central government, public sector and FTSE100 boards. Rudy is a Fellow of the Association of Corporate Treasurers, and a Fellow of the Chartered Institute of Management Accountants (CIMA) This webinar is chaired by Deborah Harris, a consultant with DHU Associates. Deborah is the Chairman of the ICAEW Non-Executive Director Group and is also a non-executive director of Moorfields Eye Hospital NHS Foundation Trust, where she also chairs the Audit Committee.
3 Webinar Poll What do you feel is the greatest challenge to women seeking to move to a board director/ board level position? Do you feel there are some business sectors or professions that do not naturally lend themselves to women participating at board level? To increase the number of board positions held/ retained by women the where should the greatest focus of attention should placed?
4 The War for Talent WEBINAR OVERVIEW This issue is important if an organisation is to successfully win in the war for talent User and general population Implications for business Q & A/ Other comments
5 Current State of Play - Historical Performance Number of FTSE100 Executive/ Non Executive Directorships Cranfield School of Management: The Female FTSE board report 2010
6 Current State of Play - Historical Performance Cranfield School of Management: The Female FTSE board report 2010
7 Current State of Play - Historical Performance Of the FTSE 250 companies, only 119 (47.6%) have women in the boardroom This is lower than the 79% of FTSE 100 firms with female directors Cranfield School of Management: The Female FTSE board report 2010
8 Current State of Play Women Representation TOP TIER: Limited/ No Representation SENIOR LEVEL: Significant Attrition Female staff Attrition MID TIER LEVEL: Equal ENTRY LEVEL: Equal Based on BIS Report: Women on Boards (Feb 2011)
9 Dispelling the Myths... Gender diversity is only possible where there is an enlarged board Certain industry sectors do not typically attract women board members Older board Chairmen do not want to appoint women to their boards The quality/ experience of women coming through is not yet sufficient for board positions Women may not wish to/ do not demonstrate a forceful enough approach required... Boardroom climate is too confrontational for women to participate / feel comfortable
10 Seizing the Opportunity... Recruitment processes Identifying and expanding the talent pool Board leadership Addressing the experience shortfall
11 Seizing the Opportunity... Do Quotas work? Time for positive discrimination? Board leadership So what is really meant by diversity on boards?
12 Reshaping Processes Recruitment processes Nomination Committee - Selection Panel criteria Peer Challenge to other Boards Evaluation of boards to include gender diversity External Encouragement
13 Current State of Play Address Under representation Issue TOP TIER and SENIOR LEVEL: Repopulate through: Improved working practice Recruitment/ talent retention etc Active Sponsorship - not solely through mentoring MID TIER LEVEL: Equal ENTRY LEVEL: Equal Based on BIS Report: Women on Boards (Feb 2011)
14 Addressing the Challenges Managing the time commitment Balancing the family and career Career Structure Sensitivity to time usage Processes to help support women through to board level Exchanging experiences of being an NED?
15 Reflection Poll and results Questions and Comments (NED Group members and Webinar attendees can access the compiled questions and responses from the Webinar) Final Thoughts/ Key Messages
16 Useful ICAEW recourses elibrary Non-Executive Directors Group resources Join the debate on our LinkedIn group
17 2011 events Women on Boards evening seminars 23 June October November 2011 NED training workshop 9 September 2011 NED Public Sector Conference 6 October 2011 (pre-conference Webinar / information) 16 November 2011
18 Thank you! Members of the ICAEW Non-Executive Directors Group can access the recording of this session online ICAEW Non-Executive Directors group:
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