There is still a glass ceiling when it comes to having women on boards of New Zealand publicly listed companies. (And I suspect many other countries)
Only one in twelve people on our boards are women. This is the average number onr all the NZ Stock Exchange Boards and there appears to be little that can be done to change the reluctance of existing Boards to open their doors to women. There are some exceptions, but not enough.
This reluctance is not based on fact or the good govenance. It appears to be an Old Boys Club. Research has shown that companies with women members do better than those without women - so one would think that shareholders would start voting by selling shares with men only boards.
Recently I put my name forward for a Board of one of our listed companies. I offered my knowledge of the working of boards. I have been on many boards, am chair of two not for profit Boards. Have been CEO for two companies run by boards (for 9 years each) and been a senior manager for another Board for 9 years. My Masters degree and my specialist knowledge of cultural well-being and consumer cultures were also not attractive. The existing Chair wanted an accountant with financial knowledge - a man. The fact that I have extensive financial knowledge also didn't count.
I was asked to address the annual meeting as I had provided a formal nomination by existing shareholders. I took up the offer to speak.
I had been told that the Chair would not be voting for me and he would exercise ALL his proxies unless they indicated differently, to vote for the accountant/ financial manager.
I think he was surprise that I am an experienced public speaker. I talked about women in New Zealand getting the vote in 1893, Women being Mayors, Politicians and being on and Chairs of Not for Profit organisations. I noted the number of VERY important people who were stressing the need for women on boards. Then I took the Annual Meeting on a voyage through the current global financial crisis and the two social movement - Wall Street coming down to Main Street, and the Women on Boards movement.
The moves to social interaction and changes in global communication. I then told them why they should vote for me.
There was a lot of support at the meeting, but it was not worth counting the votes and proxies. The Chair had the majority. It is sad - but I will put my name forward again next year and every year until a women or two are appointed.
It has been interesting watching the Obama win in United States and I was watching the Men of the Republican Party totally surprised that they had lost. The Republican men looked as if they were in different era.
I read the Annual Reports of many of our companies and look at the photos of Boards - all or almost all those in the photos are white older men - no diversity and no women or only one.
I am sure this is not restricted to New Zealand, I don't want a quota, but I do think something will need to be done, if only so that these companies can change their business models.
In the same way as the Republicans are now realising that maybe the have to change, it is also time this male dominance of Boards to change.
There are many women with skills and experience that could make our businesses more innovative and more customer friendly.
Women must continue to put their names forward. Maybe there will be change. Lets hope that change doesn't take another decade.
Sunday, November 11, 2012
The baby boomers are now retiring and are healthy, adventurous, creative and energetic seniors. Many will live 30+ years after they retire. Many will live quality lives till well over 100 years old. Most will retain their enthusiasm and be very active throughout their lives and will demand social, economic and environmental well-being. Most will want to live in their own homes and they will remain their intelligence and demand activities.
The sickness model characterised by “Good morning dear, and how are we today?” must be replaced by a well-being model “Good Morning Mrs Brown, what are you doing today?” The well-being model for seniors has choice, creative engagement and social connectedness with others in society.
The Grey Power generation is embarking on a silent revolution and creative people and arts administrators should become a part of this social movement, which like all social movements will be lead by the energetic seniors themselves. Some of today’s 65 year olds were 60’s hippies and community activist. There is no reason they can’t be active in politics and the arts again.
No longer will the seniors sector be called “aged care”. It will be called retirement, but that word will mean action, and it will mean music, drama and films.
Currently the sickness model dominates the residential accommodation and programmes for many of our over 70 year-olds. Many programmes are imposed on the elderly. This is no longer satisfactory, and will become less acceptable as our baby boomers become older.
No longer is it acceptable to place the elderly in a room with a TV set “on full” or “keep them busy”, with “diversional” therapies in their residential homes. Programmes should not be run by nurses and health professionals they should be run by the elderly themselves and recreation specialists and artists.
This elder social movement is similar to the movements of the 1980s and 90’s associated with people with disabilities. That movement saw the closure of institutions and residents moved back into the community and taking control of their support organisations. That movement generated in New Zealand the creative spaces. These creative spaces provided positive employment of time and meaningful relationships for those who had previously been institutionalised. They encouraged creativity and creative choices.
At last there is a social movement being run by the seniors themselves and they are demanding the same choices - no more institutions, real community connectivity. This is social connectedness through creative activities not “care”.
Older people are writing novels and histories, making pottery and glass works, creating films and videos, performing in theatre and film, in orchestras and choirs. They are engaging in the men’s sheds and connecting more on the internet and digital platforms. Many are returning to universities and attending community learning courses and craft clubs.
These activities and the art works that result will not only be shades of grey, they will be shades of red, blue, yellow, green, purple, pink, orange, black and white.