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Posts Tagged ‘women’

Being a Catalyst: Part 3

Among the highlights of The Catalyst Canada Honours are the remarks by the champions themselves. And, in the ensuing days and weeks, these words of inspiration, and the glimpses they provide of personal struggle and achievement, are what I remember and ponder.

The Human Resources/Diversity Leader Champion, Michael Bach, shared his personal passion and belief that privilege brings the responsibility to make a difference. His challenge to the audience was to take bold, possibly unpopular actions and positions to impact the status quo. Michael asked us to consider why change is taking so long, and then left each of us with a personal challenge.

Watch Michael Bach at The Catalyst Canada Honours:

 

Being a Catalyst: Part 2

Among the highlights of The Catalyst Canada Honours are the remarks by the champions themselves. And, in the ensuing days and weeks, these words of inspiration, and the glimpses they provide of personal struggle and achievement, are what I remember and ponder.

The 2011 Business Leader Champion, Jennifer Tory, has devoted much of her career to developing people, both directly and through her advocacy for sponsorship and the advancement of women. She has brought the same commitment to acting as a catalyst for change and diversity to her work with community organizations. Her remarks challenged the audience to find talent in their organizations by looking broadly, deeply, and often.

 

Watch Jennifer Tory at The Catalyst Canada Honours dinner:

 

Being a Catalyst: Part 1

One of the highlights of The Catalyst Canada Honours is the remarks by the champions themselves. And, in the ensuing days and weeks, it is the words of inspiration, and the glimpses of personal struggle and achievement, that I remember and ponder.

The 2011 Company/Firm Leader Champion, Monique F. Leroux, has experienced plenty of challenges and successes in her career. She has made a difference in the careers of individual women, and influenced the creation of opportunities for many women. She has “sent the elevator back down” for others as she has advanced in her own career. Monique shared with us some of the ways her parents encouraged her success and helped establish her commitment to action…. and then she issued a challenge.

Watch Monique at The Catalyst Canada Honours dinner:

Leadership is Gender Neutral

Just as I was about to post about how delighted am about Chanda Kochhar’s selection as India’s Business Leader of the Year, I learned that, for the first time, the Report on Business Canadian CEO of the Year is also a woman. Christine Day, CEO of lululemon athletica has said she loves her job because it allows her to “bring all of [herself] to work”.

The phenomenal success of lululemon speaks to Christine’s innovation, diligence, and understanding of her customers. Her career demonstrates the importance of women’s taking control of their futures—and taking credit for their achievements.

Two exceptional women. Two very different role models.

And proof that women can achieve, and be recognized, by following their own values and building on their own strengths.

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Last summer on my first visit to India, I was impressed and excited by the recognition among corporate leaders and the business media that Indian women would be a major part of their nation’s rapidly expanding economy.

During my second visit, I had the opportunity to meet with one of the most visible examples of women’s growing economic role in India, Chanda Kochhar, Managing Director and CEO of ICICI Bank. Taking over the helm of the bank in 2009, when its financial strength was in question, she turned back the rumours and re-established both its reputation and its bottom line.

No surprise, then, that Chanda Kochhar was selected as the Economic Times (India) Business Leader of the Year. Not the Business Woman of the Year. But the business leader who excelled, who provided truly extraordinary leadership to her own organization, and who stood as an example to others.

Having met Ms. Kochhar, I wasn’t surprised that she stood out in a strong field of contenders for the award. She’s capable, confident, and brings focus and hard work to her role as the first woman CEO of a major bank in India.

Most of all she has a terrific attitude: The attitude that women can achieve great things. The attitude that every challenge is an opportunity. The attitude that successful leaders evolve and grow, learning from every new experience. And the attitude that this generation of leaders has an obligation to mentor and support the next generation.

I’m delighted that Chanda’s exceptional leadership qualities and achievements have been recognized. And I’m excited that such a strong leader will inspire and be a role model for the next generation of business people.

 

What If?

The Catalyst Canada Honours celebrates champions who have made diversity and advancement of women a hallmark of their careers. In this week’s CanCon, Emily Pomeroy, chair of the 2012 nominating committee, shares some reasons that you should consider nominating a champion you know, or applying yourself to be a 2012 Catalyst Canada Honours champion!

There seems to be a lot of frustration around inequality in the world today.

- Occupy movement protesters are frustrated with social and economic inequality.
- Food banks are frustrated with decreased donations and increased demand.
- Individuals are frustrated by unemployment challenges.
- Here at Catalyst, we’re pretty frustrated with the low representation of women in senior leadership.

I don’t know about you, but I end up feeling overwhelmed by these issues and don’t know how I could possibly do anything to make a dent in such large and systemic problems.

The answer, I think, is to do something. Take one step to improve one person’s life.

What if, tomorrow, you woke up and changed a woman’s career trajectory by championing her at work. What if you:

- Recommended her work to colleagues and clients?
- Invited her to present at your next senior leadership meeting?
- Connected her to your network?
- Advocated for her promotion during succession planning?

Catalyst knows that many people are doing great things to champion women. We speak with them every day. It’s probably you, or maybe one of your colleagues. If that’s the case, Catalyst wants to recognize and celebrate those efforts. Apply for The Catalyst Canada Honours 2012.

Last month, Catalyst honoured three more individuals who are exceptional champions of women’s advancement at a gala dinner with over 600 guests. Next year, we want to honour you.

So there is something you can do. It’s manageable, attainable, and you can start now.

Person Power

The Catalyst Canada Honours dinner was in every way a celebration of champions. The stars of the evening, of course, were the three champions: Michael Bach, Jennifer Tory, and Monique Leroux.

But setting the tone for the evening was the challenge for each of us to be a champion of change in the workplace.

As I prepared my own remarks for the event, I recalled stories I had heard recently from two different women. Anne Drinkwater, President & CEO of BP Canada, told of an advocate who had spoken up for her when others were suggesting that a leadership role in Indonesia was just too tough for a woman. Her sponsor was successful in opening the door for her and changed the course of her career.

In India, I met Sasha Sanyal from Genpact. Like many women, she was the one questioning her readiness for a bigger role in the company, while her sponsor expressed his confidence in her ability and assured her of his support. Today, she has built a successful career with the help of this active, supportive advocate and sponsor.

Over and over, we hear from successful business people about a life-changing intervention by one person who believed in them and encouraged them to believe in themselves. Sponsorship is emerging as the critical factor in career advancement. The advocacy of a powerful member of the corporate leadership can determine who is taken seriously as a leader, who gets plum assignments, who gets promoted, and who gets better compensation.

Businesses have made great strides in establishing mentoring programs for women, but when it comes to sponsorship, with its power to change career trajectories, women still are not on the radar.

But that can change.

Last night, I challenged each of our dinner guests to change someone’s life by becoming a sponsor, speaking up on behalf of someone who has earned the opportunity to prove herself, and supporting her to success.

Today, I’m extending that challenge to Catalyst Canada friends and supporters across the country. Think about the people who changed your life with their confidence and advocacy, and honour them by finding someone who has earned your sponsorship.

On a closing note, if anyone has any doubt about the power of individuals to change society, October 18th was also Persons Day. In 1929, as the result of determined effort by five persistent women, Canadian women were finally deemed to be persons with the right to sit in the Canadian Senate. They changed the lives of every woman who followed.

You may not change the country, but your sponsorship will change someone’s personal story forever. And that’s a legacy to celebrate.

 

Celebrating Women in Film

If it’s September in Canada, there must be a film festival somewhere! Vancouver, Calgary, Halifax—all have eager film lovers lined up outside theatres at every hour of the day and night. Here in Toronto, we’re atwitter about sightings of the likes of George Clooney, Madonna, Keira Knightley, and Glenn Close, all in town for the Toronto International Film Festival (TIFF).

One member of Catalyst’s LinkedIn Group decided to have some fun with the focus on films by posing the question: What are your favourite films about the successes and challenges of women in business?

She suggested the ‘80s classic Working Girl.

Others suggested Nine to Five as the “ultimate revenge fantasy” for every woman who has been harassed or oppressed; The Associate with Whoopi Goldberg as a lawyer who hits the glass ceiling and creates a hammer in the form of an imaginary partner, an older white man; and the little-noticed Morning Glory from two years ago, in which Rachel McAdams plays a business woman who is both smart and successful!

Others reached for the classics: His Girl Friday, with Rosalind Russell in a role that had originally been written for a man; Katherine Hepburn as smart, funny, and a great boss in Desk Set; and the immortal Lucille Ball in Miss Grant Takes Richmond from 1949. What incredibly talented and successful women those three actresses were!

What’s your favourite movie about women in business? Is it a classic that you watched with your mother, or maybe something from this year?

Join the conversation on the Catalyst LinkedIn Group, and let’s have our own celebration of films about women in business. Or follow this great example, and start your own conversation on a topic you care about or just want to have fun with!

 

Sponsorship Matters: Six Things You Should Know

The recent Catalyst report on sponsorship was based on interviews with sponsors and protégés, and yielded some eye-popping revelations of the powerful impact of sponsorship. For those of you who think sponsorship is only important to the protégé, read on….

Sponsorship impacts the broader organization.

Sponsors begin to develop a different perspective on the organization and what it needs to grow and thrive:

[Sponsorship] keeps me thinking about my own development, and it keeps me thinking about what I’m trying to achieve at [my company] from an employee perspective—like what kind of people do I believe [we] need to have to continue to grow, the right cultures, differences of opinion, different styles—it’s all healthy at any organization. Not everybody needs to be cookie-cutter. It’s made me more conscious of that and how important that is.

—Woman Sponsor

Sponsorship makes employees more loyal.

Organizations benefit from the loyalty and commitment that sponsors and protégés bring to the team.

I would argue that our most successful partners or the people with the best potential are the people who are sponsors. And the reason it’s so is because it’s a reciprocal relationship. My sponsor, I would run through a brick wall for him because of what he does for me. That’s how you build a team.

—Woman Sponsor

Not your father’s (or mother’s) sponsorship.

The days when sponsors tended to choose protégés who looked like them (and everyone else in the senior group) are disappearing. And that’s leading to a culture shift.

“Who are the ones that you’re sponsoring?” I don’t think anyone’s ever asked me that question. Just the fact that I’m going to get asked the question, I better be thinking about [it so no one] says, “Yeah, but these three guys look just like you. How are you helping to change the culture and the structure of the organization if you’re only creating opportunities for people who look just like you?…Show me where you’re not just mentoring, you’re coaching. You’re actually sponsoring somebody that is out of the mold.”

–Man Sponsor

Sponsorship is particularly impactful for women.

Catalyst research demonstrates that women start their careers at lower pay than their male colleagues, and they don’t catch up…unless they have a sponsor at the senior ranks of the organization.

I do think that women need more sponsorship…because there’s a tendency for people to be less risk-taking with women or diverse candidates than they are with non-diverse. And so if the risk appears to be higher, then there needs to be more tipping of the scale. That tipping of the scale comes from sponsorship.

—Woman Sponsor

Sponsorship opens doors for protégés.

While sponsorship can open doors for high-performing individuals, simply providing someone with an opportunity does not guarantee success. It’s up to the person being sponsored to deliver once given the opportunity.

[Sponsors] just open the doors, right? It’s up to you then to walk through the door and show that you are capable of finding the path.

—Man Protégé

Sponsorship is a core leadership competency for senior leaders.

Many organizations expect their senior executives to be sponsors. Some are committed to formal sponsorship programs to ensure the relationships work and provide benefits to the organization.

Sponsorship of high-performance [individuals] in order for the company to do better—because that performance can have a greater impact on the next level—is my job as a leader….I get paid to develop, nurture, and grow a leader. That’s my job.

—Man Sponsor

Looking for real-life examples of sponsors? You need look no further than The Catalyst Canada Honours Champions. These three outstanding individuals understand the power of sponsorship to change lives and influence corporate culture.

Read their bios, then look around your own organization. Who are your sponsorship champions?

 

Why Diversity Matters: Diversity Communicates!

As baby boomers retire over the next 15 years, the Canadian economy is relying on a steady stream of immigrants to replace them in the labour force. In fact, Statscan predicts that one out of every three Canadian workers in 2026 will have been born in another country.

That’s right. Fifteen years from now, one-third of the labour force will be immigrants, and many of them will be visible minorities. Businesses that have considered diversity as a “nice to do” for the HR department will be losing the battle to hang onto and attract talented employees to their competition, companies that are taking action today to integrate newcomers into their workforces.

A Catalyst survey team found that many visible minority respondents perceived that workplace barriers, such as lack of fairness in career advancement processes, an absence of role models, inequality in performance standards, and fewer high-visibility assignments, made advancement more difficult for them than for their white/Caucasian colleagues. In addition, visible minorities reported fewer developmental opportunities.

Given these perceptions, it’s no surprise that a smaller percentage of visible minority respondents believed senior management of their organization was committed to cultural diversity.

Employees report greater career satisfaction and organizational commitment—known to be related to greater productivity and profitability—when they feel their organizations’ career advancement processes are fair. And an important predictor of that sense of fairness was the perception that their senior leaders were committed to diversity.

The message? Canadian business leaders not only need to do a better job of encouraging the emergence of talented employees, they need to expand responsibility for diversity beyond the HR department, and link it to broad corporate objectives with a champion from the most senior ranks. TD Bank’s President and CEO Ed Clark demonstrates TD’s commitment to talent development by personally mentoring promising employees—which might explain why he was an inaugural Catalyst Canada Honours Champion, and Canadian CEO of the year for 2010!

Look around your workplace. Where does it fit on the diversity scale—and what can you do to nudge it higher?

Women Build Better Cabinets?

In a new twist on the old statistic that women influence 80% of purchasing decisions, Ontario Health Minister Deb Matthews recently informed a gathering that 80% of government spending in Ontario is controlled by 11 female cabinet ministers. Who knew?

While our colleagues south of the border have been marking “women in politics” month this August, women in politics have been making their mark in Canada. Women occupy the premier’s office in two provinces and one territory, and women party leaders in five other jurisdictions are eyeing the top job.

Lisa Raitt, the federal Minister of Labour, is holding roundtable discussions across the country, and in Ontario, female cabinet ministers are facilitating conversations about the role of women in government.

It was at one of those events that the Minister of Health shared the 80% statistic with us. And then she asked two critical questions: Do women in decision-making roles make a difference to the policy agenda of a government? Do they actually make different policy?

That women do things differently was obvious from the beginning when the Minister of Health shared a picture from her daughter’s wedding and spoke fondly of a grandson who cried through the first half of the event and slept through the second. Not the usual Ministerial talking point!

But it was the information that she shared about some of the government’s priorities that offered the most compelling insights. She noted that the women in the cabinet have championed the following initiatives:

- Investments in full-day kindergarten for three- and four-year-old children.

- A poverty reduction strategy.

Expanded access to breast cancer screening for high-risk women.

- Long-term care options that will allow seniors to remain in their homes.

These initiatives will make the province and individuals who live here stronger and better able to manage their lives and achieve their potential. In fact, they are very much like the corporate programs to remove barriers and encourage participation by every employee that Catalyst often shares with members.

Her response to questions about why we need more women in government and the importance of women supporting each other may provide an insight to the effectiveness of the women in the Ontario government.

“We are strongest when decision-making reflects the communities that we serve,” she said, and, “Women who have achieved success have a responsibility to send the elevator back down.”

Words to make government—and business—work better!