Board Ready Women

BOARD’S ROLE IN STRATEGY, November 25 @ 4:00 pm (MT), hosted in-person and virtually at McCarthy Tétrault Calgary In today’s evolving business landscape, effective board involvement in strategy is essential for sustainable growth. Join our expert panel—Marilyn Schonberner, Andrea Robertson, and Elizabeth Cannon, moderated by Mandeep Singh, CA, CPA—as they share insights on corporate governance, financial implications, and the legal responsibilities of Boards in strategic planning. Gain actionable strategies to enhance your board's impact on organizational direction. We look forward to seeing everyone on November 25! Board Ready Women is grateful to Deloitte for sponsoring this discussion: Deloitte provides a comprehensive range of services to help clients tackle their most complex business challenges, ensuring they thrive in a competitive environment. RSVP here: https://lnkd.in/g5GCWM_6 For more info and speakers’ bios, visit our website: https://lnkd.in/g4yV-nup #Leadership #Networking #Event #BoardGovernance #boardofdirectors  #corporategovernance #boardmembers #corpgov #boardmember #boardrooms #governance #boardleadership #boardroom #boardmatters #businessleaders #yycevents #yyc #CorporateStrategy #WomenInBusiness

Heather Barnhouse KC, ICD.D, FEA from our Board Ready Women Edmonton team hosts regular podcasts that dive into the journeys of women in leadership, exploring their experiences and valuable lessons along the way. In one of the episodes, she interviewed our Co-Founder Heather Culbert on Uncovering the keys to maximizing the female executive experience and unlocking the secrets of successful brands (Episode 49) Check out these top three must-listens below! 🎧 Tune in and don’t forget to subscribe Empowered Women, Empower Women! #WomeninLeadership #Entrepreneurship #Leadership #Podcast #boardofdirectors  #corporategovernance #boardmembers #corpgov  #boardmember  #leadershipdevelopment #businessleaders 

"About 45% of board members and C-suite leaders say that AI is not on the agenda of their board of directors, according to a new report from Deloitte. And about 80% of this cohort say that their boards have limited, minimal, or zero expertise or experience with AI." https://lnkd.in/g_5CwMDm #boardofdirectors  #corporategovernance #boardmembers #corpgov  #boardmember #boardrooms #boardleadership #boardroom #boardmatters  #Boardeducation #leadershipdevelopment #businessleaders #AI #aichallenges #aiadvancements

"On average, 150 women leave boards; last year, 253 left, and this year, 265 left. It mirrors a trend HR has seen in the diversity, equity and inclusion space, where interest and investments in equity seemed to be slowing. A slew of companies very publicly dropped DEI commitments this summer. Employers are also investing less in the development of women — especially women of color — according to McKinsey & Co. analysis...." https://lnkd.in/gF43NTU6 #boardofdirectors  #boardmatters #boardroom #boards #corporateboards #leadership  # #boardleadership #change  #talentpipeline #diversity #board  #womenonboards

“Board composition: Directors push back on narrow expertise, favoring traditional skillsets for new board additions. Directors continue to resist adding narrow areas of expertise to their boards, instead prioritizing traditional skillsets over the next year, with financial, industry and operational expertise topping the list. Boards are less likely to look to recruit expertise in specialized areas such as AI/GenAI, environmental/ sustainability and geopolitics..” https://lnkd.in/gqtRTabt #boardofdirectors  #corporategovernance #boardmembers #corpgov  #boardmember #boardrooms #boardleadership #boardroom #boardmatters  #Boardeducation #leadershipdevelopment #businessleaders #AI #aichallenges #aiadvancements

"Boards should define and agree on what technology proficiency means in the context of the business, and how proficiency and continuous education will be attained collectively and by individual directors....” https://lnkd.in/gJyEW2HF #boardofdirectors #governance #boardmatters #boardroom #boards #corporateboards #leadership  #boardmembers #businessleaders #boardleadership #boardmembers

Women have made significant strides in labour force participation and educational attainment in Canada. Despite these advancements, disparities in wages persist. From 2016 to 2020, almost 4 in 10 businesses had at least one woman in an executive role. These women had a lower compensation package than men executives. Explore more data in our latest release, “Gender pay gaps among board directors and officers in Canada”: https://lnkd.in/dYbF6nAd. #DiversityData

“Digital literacy needs to be elevated both within the board and management, but we need to consider that there should be a division of roles, ……. In reality, there are not many external directors with an IT background, and many companies are prioritizing bringing a diverse range of skills and backgrounds to their boards, rather than solely focusing on bringing digital transformation and AI knowledge and experience.”  https://lnkd.in/gzMDPwgF #boardofdirectors  #corporategovernance #boardmembers #corpgov  #boardmember #boardrooms #boardleadership #boardroom #boardmatters  #Boardeducation #leadershipdevelopment #businessleaders #AI #aichallenges #aiadvancements

“Boards that do not refresh their compositions may be vulnerable to a variety of risks such as:  1. Missed opportunities: Boards lacking fresh perspectives may risk missing significant business opportunities for innovation and growth, due to reduced awareness of what’s happening in the wider market.  2. Inadequate oversight: A stagnant board may not effectively monitor whether the company is adapting to new market demands, leveraging technological advancements and identifying emerging risks.  3. Poor decision-making and resistance to change: Long-established directors may be more resistant to change and, therefore, may not challenge ideas robustly. This lack of new perspectives could reduce the effectiveness of the board.  4. Board skills mismatched to risks and opportunities: A board that does not refresh its composition might lag on the portfolio of skills, perspectives, ages, backgrounds, genders, races and ethnicities around the boardroom table. And if a board lacks a range of experience, its oversight of the challenges and opportunities the company faces may be weaker.  5. Reduced investor confidence: Investors often view board composition as a measure of a company’s governance quality. A lack of dynamism could damage investor confidence and shareholder value.” https://lnkd.in/gGvMGx5N #boardofdirectors  #boardmatters #boardroom #boards #corporateboards #leadership #boardmembers #corpgov #governance # #boardleadership #change #leadership #talentpipeline #ceo #leadership #diversity #boardofdirectors #board #boardmatters #chair #womenonboards