.

GOVERNANCE MATTERS

March, 2023  
donna.hamlin@hamlinharkins.com

 

Latest Members

of Our Governance Community

 

SiTime, Inc.

 

SkyMirr, Inc.

 

 

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Board Role? 
Join our Registry 

To join, here is the link:

https://boardwise.biz/register1.php

 

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Ideal Director?

 Our registry includes vetted, qualified professionals with an interest in board roles.  
Contact us if your board seeks top notch directors.
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Board Evaluations

An independent board evaluation can introduce new ideas for best practices. 

We conduct independent board evaluations based on best practices and opportunities for improving board performance and contribution.
Contact us to learn about our review process.

 

 What Graduates from our Certification Program  have to say
 
"Thanks for making me ready to serve. I feel confident and eager in my new board role!" 
 

“BoardWise’s certification course is just what I needed. The instructors are amazing! I am finding the practical training on how to think and communicate as a board member to be tremendously valuable.

 

"I went through a 9 week Board Certification program,conducted by BoardWise that will enable me to serve on corporate Boards. The program brought into focus some of the advanced knowledge that Board members need to know - Cyber Security, Compliance with SEC and other federal organizations, DEI and various other topics. My interests lie in health care and/or biopharma companies in early to middle stages of growth. I want to thank Donna Hamlin for suggesting the program and all the great facilitators who conducted this program. I have served on many not-for-profit Boards (in leadership positions) in the Bay Area. This will lead me into my first foray into corporate boards - private or public. I am truly excited about this opportunity.

"Thank you for your Boardwise training. It's nothing short of life changing so far!  Every session challenges how I think about work, companies and our impact - in a big way!" 

 

"T hanks for the BoardWise course! It was excellent content and great learning for me and I love the guidance and coaching in my board work journey."

 

 

 

 

 

 

 

 

    What Does Diversity Mean on Your Board? 

     

     

    By: Donna Hamlin, Ph.D.

     

     Diversity has several dimensions, so it matters in which way your board is “diverse”.  It can mean distinctions in the composition of directors by gender, race, age, skills, expertise, geographic and culture experience, and – from our research – most significantly diversity of thought. By this, we mean robust diversity in members orientations to problem-solving.

     

    The focus on regulatory requirements for diversity on corporate boards continues globally, despite select legal challenges on the move from principle-based push to policy-based mandates.

     

    While most attention has been on gender, it is shifting.

     

    For example, Malaysia adopted reforms in 2017 requiring large companies to have at least 30% of native Malaysian women directors on their boards and to disclose their diversity policy, target and measures adopted to reach the targets.   Large companies were defined as those on the FTSA Bursa Malaysia Top 100 Index or companies with market capitalization of RM2billion or more at the start of the company’s financial year. While no sanctions were prescribed for failure to comply, the Prime Minister warned that companies failing to comply by 2018 would be named and shamed. The Securities Commission (SC) publishes statistics showing these reforms have led to an increase in women representation on the top Malaysian publicly listed company from 16.6 percent to 23.7 in two years.

     

    Compared to other countries, female representation in Malaysia is higher than that in Singapore and Hong Kong, but lower than that is the UK and Australia.

     

    In the U.S., the latest news comes from Hawaii, with a law under consideration which would require all companies located in the state to have a minimum of one female or non-binary director and one male or non-binary director before end of 2023. Further, the requirement will expand to three of each category by 2025. The consideration here is about “balance” of men and women. Violations of this law would include fines of $5000 a year and $500 for failure to submit the required diversity reporting to the state. In comparison, the legal mandates in California for board seats for women and underrepresented communities have been stymied after court rulings struck them down. As well, the SEC is challenged with litigation related to similar rules for companies listed on NASDAQ.

     

    Research on the positive impact of diversity on boards both expands and shows it comes from more than just gender balance. Diversity of thought  -- orientations and styles of problem-solving – correlate highly with ideation, quality decision-making and corporate performance metrics.

     

         donna.hamlin@hamlinharkins.com
     

    We research five key styles to ensure boards have diversity of thought at the table.

     

    Craft the Best Diversity for Your Board

     

    It’s time for boards to reframe their vision for board composition.

    • Step One: Understand the potential of diversity.
    • Step Two: Clarify the direction and needs to reach organizational goals.
    • Step Three: Define what mix of diversity will optimize board performance.
    • Step Four: Describe the combination of factors that describe the ideal candidates for your specific board situation: What robust mix of skills, experience, perspectives and styles of thinking will create the most high-performing board?
    • Step Five: Understand how competent your board and executive team is in inclusion. It is one thing to create diversity. It can be another thing if a group is not skilled in appreciating it. Inclusion is a skill. If needed, train and build this skill.
    • Step Six: Collaborate and align the board and executive management on a culture that understands the value of diversity and the leverage it provides for long-term success.

    Refinement in board composition is both growing and becoming more thoughtful. We provide board committees with assessment and profiling to help with crafting the ideal composition. Reach out if you seek support.

     

     

    Our 2023 Board Certification Program is Open! 

     

    REGISTER TO RESERVE YOUR SEAT

    Program Offering Schedule

    Spring Session – April 7- June 2

    Fall Session       - Sept 1 – Oct 27

     

    PREPARE FOR BOARD WORK AHEAD

     

    Governance and director duties are growing as boards address simultaneous challenges on hot topics.

     

    Prepare yourself by registering for our Gold Standard upcoming Board Professional Expert Certification Program.

     

    https://boardwise.biz/board-certification-program.html

     

     

    Cybersecuirty                     Risk                             ESG 

     

     

    Take Survey

             DEI                         AI                  Digital Transformation                                                                   

    donna.hamlin@hamlinharkins.com

     

     TOPICS AND CONTENT

    This program has two components. 

     

    INITIAL ORIENTATION -

     

    An assessment and persona one-one video call with a Boardwise expert. Participants complete an online Board Bona Fide ® assessment to establish current boar readiness. You have a one-hour private session with a board expert coach to revies your profile, discuss what types of boards are the best match and explore suggestions for how to acheive your goal to serve on a board. 

     

    GOVERNANCE EDUCATION SESSIONS 

    The program is live educational sessions online. The live interactive program includes nine sessions, each of which is two hours. 

     

    Governance Session Topics 

     

    • Fundamentals of Board Service
    • Global Governance
    • Financial Foundations
    • Board's Role in Strategy and Innovation
    • Cybersecurity and Risk Mangement
    • Artificial Intelligence and Decision-Making
    • Digital Transformation
    • DEI Impact on Boards: HCM, ESG and Board Interactions
    • Forum: Solutions for Your Specifc Challenges 

    Why This Program?

     

    Taught by world-class global experts in corporate governance, you will:

     

    • Latest in governance issue and how to manage them;
    • Prioritize board roles and responsibilities;
    • Understand the economic, legal, reputation and fiduciary responsibilities of directors;
    • Feel empowered to ask the right questiosn and make important decisions;
    • Understand and improve your effectiveness on a board;
    • Lean about best practices for evaluating company financial and strategic performance; 
    • Improve committee effectiveness and personal director contributions
    • Consider ways to improve board mix, meeting effectiveness, relationshps with shareholder and stakeholders and increase overall corporate reputation
    • Compare practices and ideas with director colleages from other companies who participate
    • Become a more effective, knowledgeable leader in corporate governanace.

     

    WHAT MAKES THIS PROGRAM SPECIAL

     

    Our Board Professional Program is for aspiring and current board members who want to increase their ability to engage meaningfully in discussions of leading-edge topics, ask sharper questions more easily, delve to the core of critical issues and improve proportional impact in a boardroom to create more shareholder value – not just conceptually, but tangibly by helping management think more critically about decisions.

     

    Our program is strikingly different from other certification programs. Here are comparisons in offerings to consider:

     

    Boardwise                                             Other                       

     

    Live Interactive Online Sessions           Lecture/Presentation
     

    Meet and Speak Directly with Experts   Lecture Only

    Interactive/Experiential Learning/           ----

    Simulations

    Global                                                    US

    Assesses Your Individual Board             ---

    Style and Value to a Board

    Provides Personal Consultations           ---

    to Guide on Board Options

    Added to Our Board Registry for            ---

    Personal Board Assignments 

    Cohort Team Learning and Network      Solo Learning 

     

    Faculty 

    Take Survey Dr. Donna Hamlin

           

          Professor Dr. Fred van                                                   Eenennaam    

     

    Take Survey  Jen McClure 

            

       

     

     

     

     

     

    Take Survey

           

     

    Marilyn Nagel 

     

     

                                                                        

    Take Survey

                               

     

     

     

     

     

     

    Brian Barnier

     

     

     

     

     

     

    Read More About Us at   https://boardwise.biz

     

     

    Join those board directors who understand: learning is a perrmanent commitment for board members. 

     

    Learn more and register at:

     

    https://boardwise.biz/board-certification-program.html