by Elizabeth Harrin (London)
This afternoon, Tina Hallett is going to the culmination event of one of her coaching sets. Hallett is a Partner at PricewaterhouseCoopers UK and she knows how to make connections.
Hallett works in PwC’s Change Consulting business, specialising in government departments. She started her career as a chartered accountant, then moved into tax, before joining the People & Change practice.
Now her day job focuses on getting the best out of people, not numbers. She set up Coaching Squared, an initiative that brings together top middle managers from public and private sector organisations and places them in co-coaching partnerships for nine months.
“I met with the Ministry of Justice [formerly the Department of Constitutional Affairs],” Hallett explains. “They were setting up a women’s network.” At the time, Hallett chaired PwCWomen, and the government department wanted to learn how it was done. “Gus O’Donnell, the then Cabinet Secretary, was very keen on cross-private/public sector initiatives.” As the discussion progressed, it became clear that it was in both organisations’ interest to do something together. Twelve women from each organisation met at a half-day event on co-coaching and paired up.
Since then, Coaching Squared has “grown and grown from those early roots,” Hallett says. “There were six organisations involved the first time; now we have about 30 and cover four strands: women, the disabled, minorities and gay and lesbians.”
Partly, the organizations self-select and, in the private sector it’s often word of mouth that leads to the first approach. The actual coaching programme doesn’t take up a lot of time, as the women taking part manage it themselves. “I go to the first event to kick it off, see them again half way through, and at the end, to stay engaged,” she says. The women then take responsibility for their own development and set their own activities. One, for example, work-shadowed a human rights expert in the Ministry of Justice. “It’s a new buddy in a work context,” Hallet says. “Often at work you only meet people from your own organisation.” The Coaching Squared programme allows participants to broaden their horizons in a way that wouldn’t otherwise be possible.
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Voices of Experience: Tina Hallett, Partner, PricewaterhouseCoopers UK
Voices of ExperienceThis afternoon, Tina Hallett is going to the culmination event of one of her coaching sets. Hallett is a Partner at PricewaterhouseCoopers UK and she knows how to make connections.
Hallett works in PwC’s Change Consulting business, specialising in government departments. She started her career as a chartered accountant, then moved into tax, before joining the People & Change practice.
Now her day job focuses on getting the best out of people, not numbers. She set up Coaching Squared, an initiative that brings together top middle managers from public and private sector organisations and places them in co-coaching partnerships for nine months.
“I met with the Ministry of Justice [formerly the Department of Constitutional Affairs],” Hallett explains. “They were setting up a women’s network.” At the time, Hallett chaired PwCWomen, and the government department wanted to learn how it was done. “Gus O’Donnell, the then Cabinet Secretary, was very keen on cross-private/public sector initiatives.” As the discussion progressed, it became clear that it was in both organisations’ interest to do something together. Twelve women from each organisation met at a half-day event on co-coaching and paired up.
Since then, Coaching Squared has “grown and grown from those early roots,” Hallett says. “There were six organisations involved the first time; now we have about 30 and cover four strands: women, the disabled, minorities and gay and lesbians.”
Partly, the organizations self-select and, in the private sector it’s often word of mouth that leads to the first approach. The actual coaching programme doesn’t take up a lot of time, as the women taking part manage it themselves. “I go to the first event to kick it off, see them again half way through, and at the end, to stay engaged,” she says. The women then take responsibility for their own development and set their own activities. One, for example, work-shadowed a human rights expert in the Ministry of Justice. “It’s a new buddy in a work context,” Hallet says. “Often at work you only meet people from your own organisation.” The Coaching Squared programme allows participants to broaden their horizons in a way that wouldn’t otherwise be possible.
Read more
How Women Are Changing Philanthropy
NewsWomen are increasingly involved in philanthropy – both as individuals and as employees and board members of foundations and not-for-profit organizations. Compared to men, we have a different approach to philanthropy, which is having a significant impact on the field. In this panel discussion we’ll focus on how women are changing philanthropy through their:
-Careers – Are women working in philanthropy concentrated in any specific area or function?
-Causes – Do women and men give to different causes?-Caution – How do women and men differ in their overall approach to giving - dollar amounts; other types of donations and involvement?
Panelist:
Ana Oliveira is President & CEO of The New York Women’s Foundation.
Holly Isdale built Lehman Brother's Private Investment Management Division, offering comprehensive wealth advisory services combining investments with a variety of tax and estate planning techniques.
Sandra A. Lamb, President and CEO of Lamb Advisors, has over 35 years of Wall Street, corporate and nonprofit experience addressing financially complex and critical strategic issues.
To Register or for more information.
-Bring Photo ID, No Walk-Ins
In Case You Missed It: News Round-Up
NewsIn case you were too busy to have kept up with all the news, contributor Martin Mitchell has gathered some important market events from last week to help you start this week well informed:
Mergers and Acquisitions
Sterlite Industries, part of UK-listed Vedanta Resources, has agreed to buy the operating assets of US copper miner Asarco for $1.7bn. Asarco filed for Chapter 11 bankruptcy protection in 2005 after being sued for asbestos, environmental and pollution claims. Sterlite will assume the operating liabilities, but not the legacy liabilities for asbestos and environmental claims. The deal will see Sterlite pay $1.1bn in cash and then a further $600m in senior secured non-interest bearing promissory notes. The promissory notes will be issued over 9 years, starting at $20m per year from year 2, with a final terminal ‘payment’ of $460m in 2018. The amount of promissory notes issued could increase if the copper price rises above $6000 a tonne. The agreement is still subject to US bankruptcy court approval. RBS Securities advised Sterlite and Asarco was advised by Barclays Capital.
Pharmaceutical company Merck announced an agreed takeover of its rival Schering-Plough for $41bn. The deal will create one of the world’s biggest drugmakers and is being achieved by a reverse takeover with the smaller Schering-Plough technically acquiring Merck. The deal has been structured in this way to remove the need for Schering to give up its right to a lucrative immunological drug Remicade to its partner Johnson & Johnson. The takeover is the latest in the sector, following Pfizer’s $68bn deal for Wyeth in January and the ongoing negotiations for Roche to takeover Genentech.
Apparently the Merck/Schering-Plough deal was code named Project Solar, with Merck referred to as Mercury and Schering-Plough as Saturn. In a reflection of the troubled financial markets Merck is required to pay Schering-Plough $2.5bn if it fails to provide finance for the deal. A similar clause requires Schering-Plough to pay $1.25bn to Merck if it identifies an alternative, superior deal.
Swiss pharmaceuticals company Roche won backing from the independent directors of US biotechnology firm Genentech for its latest $95 per share bid. Roche has raised its bid for the 44% of Genentech it does not own from $89 per share. If successful, the purchase will cost Roche $47bn.
Kohlberg Kravis Roberts, the private equity firm that owns the British pharmacy chain Alliance Boots, has made an approach to acquire Phoenix, a German drug wholesaler that delivers to more than 43,000 pharmacies in 23 countries. Phoenix could be valued at about €4bn.
The pending legal action by Rohm and Haas against Dow Chemical was delayed as the companies continued to negotiate to resurrect the deal to merge the two companies. Dow had refused to complete the merger in January because under the terms, it would have caused ‘irreparable harm’ to both companies. Rohm and Hass argued it is under no obligation to modify the terms, and threatened to commence legal action. Read more
The Women’s Economic Summit
News