Chair Woman of the Board, Please Rise! Recognize, Connect, and Increase Woman Leadership on Boards
Learning objective: Enhance career development and increase influence
Corporations need the valuable wisdom, leadership, and guidance of woman leadership. Diverse experiences and fresh perspectives drive business success. The recent study of 353 “Fortune 500” companies by Catalyst showed that profitability soars as the number of women in high leadership position increases. The value proposition is clear. The participation of women, and specifically women of color, are critical to good governance and strong outcomes. Corporations must seek ways to recognize, connect, and promote accomplished women. And, our women leaders must seek and take advantage of opportunities to increase influence and impact business culture. This seminar will support leaders and corporations in embracing the power of women leadership.
At the end of this seminar, participants will be able to:
a. Examine opportunities to lead on many levels in your business community
b. Explore differences of a non-profit, private, and public boards
c. Gain insights into the Board selection process
d. Use strategies to position yourself for board roles
e. List tools to increase recognition and cultivate key relationships
1. October 23–25, 2014
CHAIR WOMAN OF THE
BOARD, PLEASE RISE!
Recognize, Connect, and Increase Woman
Leadership on Boards
2. Moderator
Lisa J. Wicker, Ph.D.
Vice President
International and Allied Businesses
Lowe’s Companies, Inc.
Chair Women of the Board, Please Rise!
Recognize, Connect, and Increase Woman
Leadership on Boards
3. Agenda
• Welcome & Panelist Introductions
• Learning Objective
• Topics
– Non-profit vs. Private vs. Public Boards, Insights into the Board
Selection Process
– Why is it Critical for Woman to have Seats on Boards
– Strategies to Position Yourself for Board Roles, Tools to Increase
Recognition and Cultivate Key Relationships
• Action Planning
• Closing Remarks
Chair Women of the Board, Please Rise!
Recognize, Connect, and Increase Woman
Leadership on Boards
4. Hilary Clinton discusses 2020 Women on Boards
Chair Women of the Board, Please Rise!
Recognize, Connect, and Increase Woman
Leadership on Boards
5. Learning Objective:
Enhance Career Development and
Increase Influence
Chair Women of the Board, Please Rise!
Recognize, Connect, and Increase Woman
Leadership on Boards
6. Takeaways
At the end of this panel, participants will be able to:
• Examine opportunities to lead on many levels in your
business community
• Explore differences between non-profit, private, and
public boards
• Gain insights into the board selection process
• Use strategies to position yourself for board roles
• List tools to increase recognition and cultivate key
relationships
Chair Women of the Board, Please Rise!
Recognize, Connect, and Increase Woman
Leadership on Boards
7. Notes Page
Chair Women of the Board, Please Rise!
Recognize, Connect, and Increase Woman
Leadership on Boards
8. Panelists
Jennifer D. Kluge
President and CEO
Michigan Food & Beverage
Association
Chair Women of the Board, Please Rise!
Recognize, Connect, and Increase Woman
Leadership on Boards
Monica Emerson
Founder & Principle
Inclusive Performance Solutions
Terry Barclay
President and CEO
Inforum and Inforum Center for
Leadership
9. October 23–25, 2014
JENNIFER KLUGE
President and CEO,
Michigan Business and Professional Association
Publisher, Corp! Magazine
11. Public vs. Private Corporate Boards
• Public company board
– Stock publicly traded
– Very formal
– Watchdog for shareholders
– Fiduciary and legal responsibility
– Public and shareholder scrutiny
• Private company board
– Usually picked as non-threatening selections of the company,
less challenge to C-Suite
– Many start as the owners and investors of the company
– Actively engaged in growing the company
– Less legal liability and risk
Chair Women of the Board, Please Rise!
Recognize, Connect, and Increase Woman
Leadership on Boards
12. • Venture Capital Boards: usually the
owners are the only board members
• Private Equity Boards: set the company
up for a sale or IPO
• Family Owned Boards: “trusted advisors”
nimble and focused on long-term strategy
without investor scrutiny
Chair Women of the Board, Please Rise!
Recognize, Connect, and Increase Woman
Leadership on Boards
13. Selection Process
• Usually by committee; recommendations
made by key stakeholders
• Seat positions usually by sector or
experience
• Limited seats and tenures defined by
each entity
Chair Women of the Board, Please Rise!
Recognize, Connect, and Increase Woman
Leadership on Boards
14. October 23–25, 2014
TERRY A. BARCLAY
President and CEO,
Inforum and Inforum Center for Leadership
15. 15
FORTUNE 500 WOMEN DIRECTORS RISING
Chair Women of the Board, Please Rise!
Recognize, Connect, and Increase Woman
Leadership on Boards
16.9%
16. LITTLE CHANGE FOR WOMEN IN HIGHEST LEADERSHIP RANKS
16
Chair Women of the Board, Please Rise!
Recognize, Connect, and Increase Woman
Leadership on Boards
17. EVEN LESS CHANGE FOR WOMEN OF COLOR
17
½%
Directors
Chair Women of the Board, Please Rise!
Recognize, Connect, and Increase Woman
Leadership on Boards
75%
Executive
Officers
18. 3:1 RATIO - MEN APPOINTED AS NEW DIRECTORS
18
46
NEW
DIRECTORS
TIER II DIRECTOR AGE RANGES
60
LARGEST
COMPANIES
39 Male 72
44 Female 53
Chair Women of the Board, Please Rise!
Recognize, Connect, and Increase Woman
Leadership on Boards
76%
NEW MALE
DIRECTORS
19. ACHIEVING CRITICAL MASS IN BOARDROOMS
19
Number of Women Directors Company
4
Eastern Michigan Corporation
General Motors Company
Kelly Services
Spartan Stores
Steelcase Inc.
3
DTE Energy Company
Herman Miller Inc.
Kellogg Company
Perrigo
Relative Board Balance
Eastern Michigan
Financial Corporation Spartan Stores Inc.
Kelly Services, Inc.
Chair Women of the Board, Please Rise!
Recognize, Connect, and Increase Woman
Leadership on Boards
20. WHAT WOMEN BRING TO CORPORATE GOVERNANCE
20
Collaborative leadership style benefits
boardroom dynamics
Difficult issues and problems less likely ignored
Boardroom content broadened to
include perspectives of multiple
stakeholders
Chair Women of the Board, Please Rise!
Recognize, Connect, and Increase Woman
Leadership on Boards
Diversity
is an issue of
governance
22. “To Thine Own Self Be True:”
It Starts with an Honest Self-Assessment
Before You Toss Your Hat in the Ring….
What specific skills do you possess that would be value added to the
Board?
How successful have you been in your professional career?
What are your specific accomplishments / results?
Do you have a grasp of basic financial literacy as defined by the SEC?
In what area(s) are you an expert, i.e., your differentiating value
proposition?
What is your personal reputation? your brand? social media?
What external awards, recognition have you received?
In what professional organizations have you take a leadership role?
What is your level of community engagement?
What is your level of national influence?
Chair Women of the Board, Please Rise!
Recognize, Connect, and Increase Woman
Leadership on Boards
23. Making it onto the Short List
of Board Candidates
Personal and Professional Visibility
Professional memberships; Leadership roles
Speaking engagements, Panel participation
Publications, Articles in which you were quoted or referenced
Social Media Exposure: Facebook, LinkedIn, Twitter, etc.
Professional Referrals: Who Knows You
CEOs; C-Suite Level Professionals
People you know who serve on Corporate Boards
Executive Recruiters
Personal Referrals: Who Recommends You
Individuals with whom you’ve served on Non-profit Boards
Individuals you have helped professionally and/or those who helped you
Businesses that you have connected resulting in new or increased business opportunities
Industry and Board Specific Focus
Industries in which you have the greatest interest
Company / Corporate Boards on which you’d like to serve
Names of the Chairs and members of those Boards
Chair Women of the Board, Please Rise!
Recognize, Connect, and Increase Woman
Leadership on Boards
24. Understanding and Overcoming the Challenges
Four Barriers that Hold Women Back:
Structural Obstacles
Lack of Access to informal networks
Lack of senior female role models
Lack of sponsors to provide opportunities
Lifestyle Issues
Concern regarding 24/7 executive lifestyle and travel
Desire for work/life balance emerging in both men and women
Imbedded Institutional Mindsets
Beliefs that women “should not” be put in certain roles
Feelings that promoting a women will be “too risky”
Imbedded Individual Mindsets
Personal choices and/or reluctance to step up
Less satisfaction with profession and job
McKinsey & Co, Women in the economy: Selected exhibits, April, 2011
Chair Women of the Board, Please Rise!
Recognize, Connect, and Increase Woman
Leadership on Boards
25. Develop Your Personal Plan of Action
Identify your strengths; Continue to build on your strengths
Identify personal and professional “gaps”
Develop a plan to address any significant shortcomings
Identified and consider Board Leadership Development programs
Secure a Board knowledgeable coach to assist you in your preparation
Make your interest known to individuals who currently serve on Boards,
as they are likely to be asked to recommend future Board candidates
Refine your resume and biographical statement
Take care of yourself…physically, mentally and spiritually!
Chair Women of the Board, Please Rise!
Recognize, Connect, and Increase Woman
Leadership on Boards
26. Questions
Q A
Chair Women of the Board, Please Rise!
Recognize, Connect, and Increase Woman
Leadership on Boards
27. Action Planning
Chair Women of the Board, Please Rise!
Recognize, Connect, and Increase Woman
Leadership on Boards
28. Closing
• Recap
– Key take aways
– Closing remarks
Chair Women of the Board, Please Rise!
Recognize, Connect, and Increase Woman
Leadership on Boards
29. Lisa Wicker, Ph.D.
Wicker was appointed Vice President International HR and Allied Businesses in April 2014. In this position, Wicker is responsible for Lowe’s Home
Improvement Company’s successful entry and growth in India and the HR due diligence for all international and domestic mergers and acquisitions.
She is also responsible for developing short and long term HR strategies for all aspects of how the company engages talent for a competitive advantage
throughout its Allied Businesses – Orchard, Alacrity, Iris and Porch.com as well as Mexico, Australia and Canada. In addition, Wicker provides HR
Business Partnership to Strategy, Business Development and International Groups in China, Hong Kong, Vietnam.
In 2011, Wicker was named Vice President Employee Relations for Lowe’s Companies, Inc. In this role Wicker was responsible for providing strategic leadership,
direction and guidance in the areas of employee relations/labor relations and HR compliance across 1,700 plus stores and distribution centers for more than 225,000
employees.
Previously, Wicker held leadership roles which included Lead Diversity Executive, Head of Talent Acquisition. Leadership Development and Human Resources and
Employee Relations Group Executive for Manufacturing, Advance Manufacturing Engineering, Supply, and Stamping Operations in Automotive. She was responsible
for maintaining a supervisory relationship for Human Resources matters within the Manufacturing organization.
Prior to joining DaimlerChrysler in 2001, Wicker was Vice President of Human Resources, MGM Grand Detroit. She was the first African American female to be named
to that position in the company’s international operations.
She is internationally recognized as a strategists and leader in human resources. She has presented to global audiences representing more than eighty countries on
the subject of workplace morale, balance and work life, inclusion and diversity in such countries as Spain, Korea, and Germany.
Wicker has been appointed to and served on numerous boards, including Vice Chair, Alternatives for Girls, member of the White House Steering Committee on
Historically Black Colleges & Universities (HBCUs), Board of Trustees and Chair of the Audit Committee for Stillman College in Tuscaloosa, Alabama. Presently is a
member of the Board of Trustee for the Lowe’s Charitable Foundation Board, Board of Directors Alacrity Restoration Services Company, member of HR Policy
Association's Labor Advisory Committee and a member of RILA's Employment and Labor Committee. She is the founder of the 101 Best Companies to Work for in
Metropolitan Detroit and is an honorary member of the Board.
Wicker earned a Bachelor’s Degree in Labor Industrial Relations from Michigan State University, Masters Degree in Business Management from Central Michigan and
received her doctoral degree in Management with a concentration in Human Resources from California Coast University. She has attended the University of Michigan
Executive Business School in Ann Arbor and the International Institute Advanced Executive Program for Management Development (IMD) in Lausanne, Switzerland.
Chair Women of the Board, Please Rise!
Recognize, Connect, and Increase Woman
Leadership on Boards
30. Monica Emerson
Monica E. Emerson is the founder and Principal of Inclusive Performance Solutions, a strategic diversity and inclusion management
consultancy firm that focuses on providing clients with exceptional services designed to increase employee engagement and organizational
performance. The services include, but are not limited to, diversity and inclusion strategy development, business case development, diversity council
management, implementation planning, executive coaching, empowerment workshops, senior leadership roundtables, multi-generational employee
management, employee resource group training and keynote speaker. Additional information is available on the website at www.inclusiveps.com.
Ms. Emerson is a respected strategist and consultant on diversity and inclusion. She brings extensive and practical experience from both the private
and government sectors on initiatives to optimize individual and organizational performance. She has presented on diversity, inclusion and work/life
balance in various global venues, including Sweden, Italy, Germany, Mexico, Republic of South Africa, Spain and Korea.
Previously, Ms. Emerson served as the first Navy Diversity Officer for the U.S. Department of the Navy. The Secretary of the Navy appointed her as a
Highly Qualified Expert (HQE) in August 2009. In this role, she was the principal advisor to the Office of the Assistant Secretary of the Navy
(Manpower and Reserve Affairs) on all matters pertaining to diversity and inclusion. She provided guidance and executive oversight for Department
of the Navy diversity programs and initiatives across the enterprise for the military and civilian workforce.
Prior to this appointment, Ms. Emerson was the Executive Director of the Global Diversity Office at DaimlerChrysler where she held the most senior
level position for diversity and inclusion.
Ms. Emerson has received numerous awards for her accomplishments including the Lifetime Achievement Award - Women of Color in Technology
and Business, Top 100 Most Influential Blacks in Corporate America, The Spirit of Leadership Award by the Women’s Automotive Association
International, and the Women in Defense, Michigan Chapter, Excellence in Leadership Award.
She has served as a member of governance boards at the local and national level, including National Coalition of 100 Black Women, Focus: HOPE and
Oakland University Board of Trustees. She currently serves as a member of the Board of Directors for HAVEN.
She holds a Bachelor of Arts degree from Oakland University, a Master of Arts degree from Wayne State University and a Professional Development
in Management Degree from the University of Michigan.
Chair Women of the Board, Please Rise!
Recognize, Connect, and Increase Woman
Leadership on Boards
31. Jennifer Kluge
Jennifer Kluge is the President and Chief Executive Officer of the Michigan Business & Professional Association (MBPA) and its sister
organization the Michigan Food & Beverage Association (MFBA).
Since being hired in 1999, Jennifer has implemented numerous membership programs to assist small business, helping MBPA grow a third in
size to become one of the largest trade associations in the Midwest. During her tenure, Kluge launched 30 new programs at the Associations and large
scale events such as the 101 Best and Brightest Companies to Work For, which runs in Detroit, Grand Rapids, Chicago, Houston, Atlanta, and
nationally. A registered lobbyist, she has worked tirelessly on behalf of businesses, advocating for legislative changes such as the repeal of the Michigan
Business Tax.
The Michigan Business and Professional Association boasts a statewide sphere of influence that no other organization of its kind can claim, leveraging a
depth of programs and community initiatives that positively impact more than 150,000 businesses. MBPA’s impact is felt by approximately one out of
every three businesses in the state. The employees of these businesses represent an untold number of additional lives positively affected by the
organization’s mission and history of successful business partnership.
She has received much recognition throughout her career. In 1998, Jennifer received the “Creating a World of Difference” Award from the President at
BBDO and also received the “Achieving Creative Excellence” Award for her creative strategic thinking at the agency. In 2002, the Michigan Society of
Association Executives honored Ms. Kluge with the Emerging Leader Award. In 2003, she received the Small Business Achievement Athena Award for
her dedication to the community, women’s issues, and growing small business and in 2007 she received the Innovator Award from the National
Association of Women Business Owners, Greater Detroit Chapter. She is also a two-time finalist for the Entrepreneur of the Year award for the Great
Lakes Central Region, sponsored by Ernst & Young, and was named to Crain’s Detroit Business “40 under 40” list in 2003.
Jennifer is very involved in Metro Detroit Youth Day, where she sits on the planning committee. She was appointed to the Michigan State Board of
Accountancy by Governor Snyder and she is also a member of the Michigan State University Alumni Association, Inforum, the Association of Women in
Communications, and the National Association of Women Business Owners. She also serves on the Michigan Wellness Council, New Detroit, MiSBDC
(Michigan Small Business Development Center) Board of Advisors, St. John Health Foundation Fund Development Committee, and Asian Pacific
American Chamber of Commerce Dinner Planning Committee.
Ms. Kluge received her Bachelor of Business Administration from Michigan State University in Human Resources and her Master’s in Business
Administration from Loyola University in Strategic Management and Marketing.
In her spare time Jennifer produced her own cooking video and book, “A Taste of The Mediterranean” and successfully marketed it online. She is
married and has two children.
Chair Women of the Board, Please Rise!
Recognize, Connect, and Increase Woman
Leadership on Boards
32. Terry Barclay
Terry A. Barclay was appointed President and CEO of Inforum in 2001. In this position, Barclay oversees the
only professional organization in Michigan – and one of a few in the country – that combines strategic connections,
proven professional development programs, a respected forum for new ideas, and original research to accelerate careers for women and
boost talent initiatives for companies.
In 2002, Barclay led the creation of Inforum Center for Leadership, the 501(c)(3) nonprofit education and research arm of Inforum. The
Center’s programs serve a broad range of professional women in different stages and types of careers – from emerging leaders, to high-potential
executives, tech entrepreneurs, Veterans and for-profit corporate board leaders. ICL also conducts and publishes research on
women's leadership influence in Michigan.
In 2011, Inforum Center for Leadership launched inGAGE™, its strategy to position Michigan as the Midwest hub for high-growth tech
women entrepreneurs. inGAGE supports new and emerging second-stage entrepreneurs to scale their businesses and raise capital.
Barclay is a trusted ally and sought-after resource in helping companies advance gender diversity to build inclusive work environments. She
is an innovative thought leader on the topics of women’s leadership and talent engagement in companies and the entrepreneurial
ecosystem. Barclay is the author of several articles and co-author of original research including the biennial Michigan Women’s Leadership
Index, now in its tenth year.
Barclay currently serves on the boards of The Nature Conservancy of Michigan; Cranbrook Institute of Science Board of Trustees;
Birmingham Bloomfield Art Center Board of Directors; the Chamber Music Society of Detroit; MIT Enterprise Forum; and ION. She is also
an active angel investor in Michigan-based start-ups as a member of the Michigan Angel Fund.
Prior to Inforum, Barclay was the founder and president of Operation ABLE of Michigan; served as senior vice president and chief external
affairs officer for Hospice of Michigan; and was vice president of university relations for Oakland University.
Barclay earned a B.A. degree from the College of Wooster in Ohio and a Master’s degree from the University of Michigan in Ann Arbor.
Chair Women of the Board, Please Rise!
Recognize, Connect, and Increase Woman
Leadership on Boards
Editor's Notes
Corporations need the valuable wisdom, leadership, and guidance of woman leadership. Diverse experiences and fresh perspectives drive business success. The recent study of 353 “Fortune 500” companies by Catalyst showed that profitability soars as the number of women in high leadership position increases. The value proposition is clear. The participation of women, and specifically women of color, are critical to good governance and strong outcomes. Corporations must seek ways to recognize, connect, and promote accomplished women. And, our women leaders must seek and take advantage of opportunities to increase influence and impact business culture. This seminar will support leaders and corporations in embracing the power of women leadership.
My world is mostly private boards and nonprofit boards, not publicly traded companies.
Board of Directors vs. Board of Advisors
Executive Committee
Committees
By-laws
Public boards:
Best for executive career and making a national name for yourself.
Private boards:
Best for experience and more regional career goals.
Very political—work the networks!
Build your reputation and credibility in your own career.
My world is mostly private boards and nonprofit boards, not publicly traded companies.
Board of Directors vs. Board of Advisors
Executive Committee
Committees
By-laws