'Flip Generation' leadership...
ON BEING A YOUNG DIRECTOR
By Edie Weiner, speaker at our March 25th NYC Connections Event - A new report issued by Deloitte’s Center for Corporate Governance and the Society of Corporate Secretaries and Governance Professionals noted age limits as the most prevalent mechanism contributing to board turnover, and such limits continue to rise. So it’s not surprising that the report found very few boards with directors aged 40 or younger, noting that more than half of companies reported their youngest director to be older than 50. For 53% of all companies, director retirement, which is getting later and later, is the reason for change in board composition.
I have no issue with extending age limits for service. As people live longer and healthier lives, their capacity to remain productive longer is clear. But there is a great need for diversity in the boardroom, and that diversity is stifled when the only reason to change board composition is director retirement. And it is especially stifled when the youngest directors are in their 50s.
For those who are under 40, the world of competition, innovation, markets, workplaces and product cycles are profoundly different from the world in which the over-50 directors grew up. We are all shaped by our earlier years, and we tend to view the world through the lenses that governed our earlier lives. Yet decisions are being made in the boardroom not by those who wish to create the future, but by those struggling to preserve the present. And I know this. I’ve been there. Years ago. To read the entire article, click on the attachment directly below.
Thank you to our Media Alliance partner Directors & Boards for providing us with this article. Register for our March 25th NYC Connections Event with Edie Weiner here.
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ALEJANDRA CRISAFULLI, VIRTUAL EVENT SPEAKER
76% of the population has a fear of public speaking & a staggering 93% of women have a fear of not feeling good enough. Clearly, you are not alone if you find yourself as part of this population. As women, we tend to be more concerned than men with how we are seen and heard. Because of this, we end up developing a fear of speaking in front of others and not wanting to be seen. In this competitive corporate world, it is critical to authentically own yourself as a speaker and leader. Join Alejandra Crisafulli & her co-presenter Bonnie Bonadeo for our March 25th Virtual Event 'From Average to Iconic: 3 Secrets to Being a Great Speaker'.
I am often asked to share my advice about corporate board service for both aspiring and experienced directors, as well as female business leaders. Earlier this month, a bit of this advice was included in a Business News Daily article, which I would like to also share with you here.
"Surround yourself with those who know how to do the things you do not, always have a plan B even if you never need it, & understand asking for help is a sign of strength & not weakness. These are characteristics of not only great but effective leaders who create opportunities for others as well as themselves."
Our April 9th 'Conversations in the Boardroom' event will also provide exceptional advice for those preparing for corporate board service. Our panel of experts look forward to sharing their wisdom and it is surely an event not to be missed. VIP Members also have a chance to get-together prior to the main program. These VIP gatherings are always a great way to network and discuss the board process with other like-minded women. To learn more about both of these April 9th gatherings, click here.
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