widening the talent pool for boards (webinar)

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NonNon--Executive DirectorsExecutive Directors’’

Webinar SeriesWebinar Series10 June 201110 June 2011

Widening the Talent Pool for Board Effectiveness

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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.

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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?

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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

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Current State of Play - Historical Performance

Cranfield School of Management: The Female FTSE board report 2010

Number of FTSE100 Executive/ Non Executive Directorships

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Current State of Play - Historical Performance

Cranfield School of Management: The Female FTSE board report 2010

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Current State of Play - Historical Performance

Cranfield School of Management: The Female FTSE board report 2010

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

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Current State of Play

ENTRY LEVEL: Equal

Women Representation

TOP TIER: Limited/ No Representation

SENIOR LEVEL: Significant Attrition

MID TIER LEVEL: Equal

Based on BIS Report: Women on Boards (Feb 2011)

Female staff

Attrition

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Dispelling the Myths...

“Boardroom climate is too

confrontational for women

to participate / feel

comfortable…”

“The quality/ experience of

women coming through is not

yet sufficient for board

positions…”

“Certain industry sectors

do not typically attract

women board members…”

“Women may not wish to/ do

not demonstrate a forceful

enough approach required...”

“Gender diversity is only

possible where there is an

enlarged board…”

“Older board Chairmen do

not want to appoint women to

their boards…”

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Seizing the Opportunity...

• Recruitment processes

• Identifying and expanding the talent pool

• Board leadership

• Addressing the experience shortfall

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Seizing the Opportunity...

• Do Quotas work?

• Time for positive discrimination?

• Board leadership

• So what is really meant by ‘diversity’ on boards?

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Reshaping Processes

• Recruitment processes

• Nomination Committee - Selection Panel criteria

• Peer Challenge to other Boards

• Evaluation of boards to include gender diversity

• External Encouragement

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Current State of Play

ENTRY LEVEL: Equal

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

Based on BIS Report: Women on Boards (Feb 2011)

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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?

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Reflection Poll and results…

Final Thoughts/ Key Messages

Questions and Comments(NED Group members and Webinar attendees can access the compiled questions and responses from the Webinar)

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Useful ICAEW recourses

• eLibrary…

• Non-Executive Directors Group resources

• Join the debate on our LinkedIn group

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2011 events

• Women on Boards – evening seminars

– 23 June 2011

– 3 October 2011

– 24 November 2011

• NED training workshop

– 9 September 2011

• NED Public Sector Conference

– 6 October 2011 (pre-conference Webinar / information)

– 16 November 2011

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Thank you!

Members of the ICAEW Non-Executive Directors Group can access the recording of this session online

http://www.icaew.com/en/technical/business-and-financial-management/non-executive-directors/non-executive-directors-group

ICAEW Non-Executive Directors group: www.icaew.com/nedgroup