widening the talent pool for boards (webinar)
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Greater board effectiveness can be achieved through increased board diversity. Deborah Harris inverviews FTSE100 non-executive director Rudy Markham, and shares insights on the challenges for board diversity, and successful approaches to overcome them.TRANSCRIPT
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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