What Happens When Leadership Equity is Achieved in the Boardroom
Leadership equity ensures that the best leaders emerge—not from advantage, but from opportunity.
Leadership equity is best represented at the top of an organization - the Board level - and this is best shown by having diversity in gender, competencies, and age. The Board room is no longer the place for retirees, or for people past their prime in corporate life.
Having women in boards mirrors represents society, especially since women are half of the population. This is why organizations like the NextGen Organization of Women Corporate Directors (NOWCD) have been at the forefront of pushing the agenda to have more women on boards.
Since Boards appoint the leaders, having women on boards makes leadership opportunities more equitable. This way, women gain more access to CEO and COO opportunities, positions where women fall off in aspiring for the higher C-suite positions.
Boards with gender diversity are also seen to have stronger risk management, more ethical oversight, and equity strengthens accountability.
Younger women, moreover, are inspired to assume leadership roles - even in traditionally male-dominated industries - when their role models are seen in leadership roles.
Leadership equity is simply about opening opportunities for all candidates along the career path in an organization.
Life After Reaching the Top
Beyond the C-suite, we now also have the B-suite.
For those who are looking at their future in their companies, it may be good to take up a Corporate Directors course offered by institutions like the Institute of Corporate Directors. This professional directors program is the best route to ensure there is life after reaching the top.
You can be an Independent one as a corporate director, serving as one of two seats required by law of publicly-listed companies (PLCs).
Age is no longer a barrier as boards open up to learning from a diverse set of board members to compete in the marketplace today. Diversity in leadership reduces blind spots and encourages thoughtful debate. It protects institutions from complacency and groupthink.
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