1. October 2325, 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 Lowes 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 2325, 2014 JENNIFER KLUGE President and CEO,
Michigan Business and Professional Association Publisher, Corp!
Magazine
10. For Profit vs. Nonprofit For Profit Corporations Nonprofit
Corporations Owned by stockholders Owned by the public Generate
money for the owners Serve the public Success is making sizeable
profit Success is meeting needs of public Board members are usually
paid Board members are usually unpaid volunteers Members can make
very sizeable income Members should make reasonable, not excessive,
income Money earned over and above that needed to pay expenses is
kept as profit and distributed to owners Money earned over and
above that needed to pay expenses is retained as surplus and should
be spent soon on meeting the public need Chief Executive Officer is
often on the Board of Directors, and sometimes is the President of
the Board Conventional wisdom suggests that the Chief Executive
Officer (often called the Executive Director) not be on the Board,
but attends Board meetings 2008 Authenticity Consulting, LLC Chair
Women of the Board, Please Rise! Recognize, Connect, and Increase
Woman Leadership on Boards
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 2325, 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 % 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 youve 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 youd 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 yourselfphysically, 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 Lowes Home Improvement Companys
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
Lowes 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 companys 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 Lowes 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 Bachelors 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 Womens 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. MBPAs 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 organizations 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, womens 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 Crains 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 Masters 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 Centers 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 womens 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 Womens 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 Masters degree from the University
of Michigan in Ann Arbor. Chair Women of the Board, Please Rise!
Recognize, Connect, and Increase Woman Leadership on Boards