By Gigi DeVault (Munich)
A well-stocked kitchen cabinet is more than a reassuring comfort; it can get you through some hard times. If you ask Colette Taylor, Managing Director and Chief Operating Officer of Americas Institutional at Russell Investments and founding president of Russell’s Women’s Network, about her “kitchen cabinet,” she will not talk to you about shelves lined with orderly packages of staples and foodstuffs. Referring instead to Harvard professor Bill George‘s cabinet concept, she will tell you about a cabinet of advisors on whom she can lean for support in difficult times—times like those from which executives across the globe are emerging and through which they are leading their firms. In 2009, Taylor’s own personal board of directors, made up of coworkers, professional coaches, family members and friends, created a platform on which she could strip away distractions, get back to basics, and focus on relationships.
Getting back to basics can mean becoming leaner as an organization. This can be bad news for a program that receives corporate support, such as mentorship programs. As Taylor says, “A formal mentoring program can get lost because it can be considered less of a priority. But mentoring is always going on whether there is a formal program or not; people continue to reach out.” To get the most benefit from a mentoring program, she might remind you to look into your own kitchen cabinet. “One of the things that I have learned is that mentoring can have two facets—one for developing specific skill sets focused on the ‘professional,’ and one for work/life balance. Sometimes those are two different mentors because they are such different conversations. There is tremendous value in hearing from a diverse set of perspectives. This can uncover something you have never thought about—an idea from left field.” And that maverick perspective may be just what is needed. “I’ve been both a mentor and a mentee. I enjoy being on both sides; when you are a mentor, you are getting mentored at the same time. If you are really open to the mentoring relationship—really listening— it can change you.”