The Power of Sponsorship

By |2021-07-05T12:53:45-04:00May 11th, 2021|Uncategorized|

I often hear that women need more mentorship from men and women leaders to advance their careers. While this is true, women need more than mentorship alone. Women need sponsorship, too! Mentorship vs. sponsorship What is the difference between “mentorship” and “sponsorship”? There are a few critical distinctions between the roles. Mentorship is about advising. They help by guiding behind the scenes. Sponsorship, on the other hand, is about acting. Sponsors support individuals they believe in by publicly advocating them when they are not in the room. In her Harvard Business Review article, organizational behaviour expert Herminia Ibarra succinctly describes the difference between sponsorship and mentorship. She writes, “While a mentor is someone who has the knowledge and will share it with you, a sponsor is a person who has power and will use it for you.” In her New York Times op-ed, Sylvia Ann Hewlett explains the difference between sponsors and mentors this way: “Mentors act as a sounding board or a shoulder to cry on, offering advice as needed and support and guidance as requested; they expect very [...]

How to Get Yourself on a Board: Ace Your Board Interview

By |2020-09-22T12:36:12-04:00September 22nd, 2020|Uncategorized|

By Deborah Rosati, FCPA, FCA, ICD.D According to a Harvard Business Review article called “Research: When Women Are on Boards, Male CEOs Are Less Overconfident”, having more women on boards yields better results for shareholders because “having female board members helps temper the overall confidence of male CEOs, improving overall decision making for the company.” Women Get On Board supports the findings of this study: having more women on boards leads to better results for the businesses they represent. That is why our mandate is to connect, promote, and empower more women to corporate boards. It’s also why I am sharing my board advice in this 4-part series called “How to Get Yourself on a Board.” If you have been following the first 3 blogs in this series, you have learned how to “Master the Foundations”, “Position Your Board Offer”, and “Get Board Interviews”. The final blog in this series 4es all of these elements together by showing you how to ace your board interview. In today’s blog, I provide my top ten (10) tips from my [...]

How to Get Yourself on a Board: Get Board Interviews

By |2021-07-04T16:59:40-04:00August 20th, 2020|Uncategorized|

In recent years, businesses have begun to realize that gender diversity on boards makes a big difference. For example, one study of 6,000 boards found that gender-balanced boards are less likely to have financial irregularities because having different viewpoints and opinions leads to increased effectiveness. Women Get On Board’s mandate is to connect, promote, and empower women to corporate boards. We do this through an engaged community of women and men in Canada committed to advancing gender diversity in the boardroom. However, as I wrote in my blog post called “Are You Board-Ready”, “getting yourself board-ready is a journey where you need to be realistic in your skills, experience and value you bring to a board. You also need to be mindful that it is a very competitive marketplace. There is an over-supply of qualified corporate directors for a limited supply of available corporate board seats.” That’s why I am sharing my advice in my 4-part blog series, How to Get Yourself on a Board. My previous blog posts in this series covered how to “Master the [...]

How to Get Yourself on a Board: Position Your Board Offer

By |2020-08-04T15:09:23-04:00August 4th, 2020|Uncategorized|

According to an Osler research report called “2019 Diversity Disclosure Practices: Women in leadership roles at TSX-listed companies”, “Women now hold over 18.1% of board seats among companies disclosing the number of women on their boards, the highest proportion yet and a 50% increase compared to 2015 (when it was 12%).” That’s why Women Get on Board’s mandate it to connect, promote, and empower women to corporate boards. To help more women on their board journey, I have launched a 4-part blog series called How to Get Yourself on Board. If you read the first post of the series, you’ve mastered board basics. With this foundation, you’re ready for the next step in your board journey. The second blog in this series is all about how to position your board offer and it will provide practical insights on how to: 1. Assess your board readiness 2. Identify the right board for you 3. Create your board value proposition 4. Build your board resume and LinkedIn profile 1. Assess your board readiness In order to prepare for your first corporate [...]

How to Get Yourself on a Board: Master the Foundations

By |2020-08-04T15:07:40-04:00August 4th, 2020|Uncategorized|

Serving on a board can be an incredibly rewarding experience—and it’s one of the best ways to advance your career. Board service has both personal and professional benefits, including opportunities to: Build your network and personal brand Give back to organizations with meaningful missions Learn different perspectives that can be applied to your existing roles Get sponsored for governance education programs (e.g., ICD.D, C.Dir or CDI.D) Develop governance leadership skills Get access to new knowledge, skills, perspectives, management styles, corporate cultures, business models, mentors, and connections As you can see, serving on a board is a meaningful way to build your career and enrich your network. However, securing a coveted board position is not an easy task. That’s why Women Get On Board’s mandate is to connect, promote, and empower women to corporate boards. It’s also why I’m launching a new 4-part blog series called How to Get Yourself on a Board. My first blog in this series is called Master the Foundations and it will provide you with practical insights on how to: Recognize there are different types of boards Identify [...]

Ethical Intelligence in the Boardroom

By |2021-07-05T19:33:21-04:00April 26th, 2019|Uncategorized|

In the wake of countless business scandals and corporate collapses, there has been a call for a higher standard of business ethics. Ethics are at the heart and soul of every business decision; they form the basis of the underlying culture of every company. However, the culture and ethics of a company are set by the tone at the top: the boardroom. How can boards build a sound and sustainable culture as well as good ethical practices that will improve transparency, decrease the risk of fraud, and reduce the likelihood of reputation damage? The key focus should be to institute practices that outline the expectation of appropriate conduct, and to put in place controls that ensure these standards are being met. Five good governance practices to put in place to ensure good oversight: 1. Code of Conduct A Code of Conduct drives the board and each director to focus on areas of ethical risk, provide guidance to directors to help them recognize and deal with ethical issues, provide mechanisms to report unethical conduct, and ultimately helps foster [...]

Top 5 Tips to Help You Become Financially Literate to Serve on a Corporate Board

By |2016-03-31T13:19:53-04:00March 31st, 2016|Uncategorized|

Every Board member has a financial oversight role. Even if you don’t have financial expertise, you are still expected to have a level of financial literacy. This means that you need to have an understanding of the fundamental concepts, conventions and principles underlying financial statements. Top 5 tips to help you become financially literate for corporate boards: Develop a plan and begin the work. Begin by reviewing the annual filings of TSX listed companies that you are interested in. Look for a mentor or someone who has financial expertise. Ask someone you know that has financial expertise if you can spend time with them over the next year to help you understand financials. Do your financial due diligence before joining corporate board. Review the annual audited financial statements, quarterly financials, Management, Discussion & Analysis (MD&A) and forecasts/budgets to understand the company’s financial position. Ask yourself with the following questions: ~Is the company solvent? ~Are they complying with their loan covenants? ~What is the company’s shareholdings structure, are there Related Party Transactions, what are the outstanding commitments? ~What is [...]

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