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.

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Microsoft PowerPoint - NED Webinar10Jun11.ppt

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NonNon--Executive DirectorsExecutive DirectorsWebinar SeriesWebinar Series

10 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 practiceRecruitment/ talent retention etcActive 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