tina_photo_1_.JPGby 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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Women 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.

Jo Maitland Weiss was Director of Workplace Strategies in the Lehman Brother’s Diversity & Inclusion group.

Moderator:

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

martin.jpgContributed by Martin Mitchell of the Corporate Training Group

In 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



Did you know….

  • By the year 2010, women will control 60% of the wealth of the US?
  • Over the last 30 years, women have filled two out of every three new jobs worldwide?
  • 10.1 million firms are owned by women, employ more than 13 million people, and generate $1.9 trillion in sales as of 2008?

Join us for a unique event focusing on the increasingly powerful role of women in the business and economic worlds.

Together, we will explore where we’ve been, chart the progress and influence women have on the world today, and illuminate the economic power of women of the future. You will learn from some of the world’s leading experts on the economics of women, including Alison Maitland, co‐author of Why Women Mean Business‐ Understanding the Emergence of our Next Economic Revolution; Beverly A. Holmes, Chair for the Center for Women’s Business Research; Marie Cocco, award‐winning columnist of the Washington Post; and former Lt. Governor Evelyn Murphy, author of Getting Even: Why Women Don’t Get Paid Like Men and What To Do About It.

And you will walk away with powerful tools and strategies to strengthen and grow your economic influence, both personally and professionally.

For information, contact Susanne Ferarra, MVVF – Women’s Collaborative, at sferrara@mvvf.org or Kate McDonough at kate@waterfieldbc.com.

More information and registration are available at https://summit.mvvf.org

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Presented by the MVVF Women’s Collaborative in association with: National Association of Women Business Owners: Boston Chapter – Massachusetts League of Women Voters – North Shore Women in Business – Simmons College – State Office of Minority and Women Business Assistance – University of Massachusetts Lowell – Women Entrepreneurs in Science and Technology – Women’s Success Network

iStock_000005697170XSmall_1_.jpgBy Heather Chapman (New York City)

It’s all too easy to skip eating a proper meal these days; the long hours at our desks, on the phone, or in meetings leave us promising ourselves that tomorrow will be different. We’ll make time to go to the grocery store tonight, get up just a bit earlier to buy something, or will actually take time for lunch. Too often though, that plan gets pushed off until ‘tomorrow’ and we’re left without anything healthy to eat and several more hours ahead of us. It’s a worrying habit – one that can leave you tired, stressed, irritable, and hungry.

The whole cycle becomes worse when you factor in that many people don’t make the time for breakfast either. Not only does breakfast give us the fuel to start a new day, it also helps us maintain our weight. When we skip a meal, our body switches to starvation mode and slows down our metabolism as a means to compensate. Then, when we try and catch up at the next meal, we tend to overeat in an attempt to ingest enough calories to make up for the missing meal. Unfortunately, our bodies don’t work like that and by trying to catch-up we end up making things worse.
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Faced with rapid–pace globalization, market volatility and shrinking budgets the demands on Corporate Diversity & Inclusion practitioners have never been greater. As companies corner new markets, the 21st century D&I practitioner must master a new cross–section of competencies while demonstrating value and driving overall strategic business growth. To add to these challenges, they must accomplish all this with diminishing resources as their companies manage through a global economic crisis with no end in sight.

This spring we will hold our first–ever multi–track conference designed to tackle these issues head–on. Join us at the 2009 Corporate Diversity & Inclusion Conference: Driving Value Across Borders May 13–14, 2009 in Chicago. Leading experts include seasoned CDOs at the top of their field, HR, business line and financial leaders, as well as legal experts and metrics specialists. Key tracks will focus on demonstrating value and making the business case, domestic and global challenges, and mastering a new set of key competencies for the modern D&I practitioner. Register here.

by Elizabeth Harrin (London)

“I believe that there is always time available for volunteering,” says Lily Dey, an IT Analyst for Merrill Lynch’s Global Technology Services division. “It’s just a matter of keeping on top of my personal diary and being willing to sacrifice the requisite evenings.”

Lily sacrifices plenty of evenings to The Junior League of London (JLL), an organization of women volunteers committed to promoting voluntarism in all its forms, developing the potential of women and improving communities through the effective action and leadership of trained volunteers.

“It’s called the ‘Junior’ League,” Lily explains, “because it was founded by 19-year-old Mary Harriman in New York City, who mobilized 80 other young women to work to improve child health, nutrition and literacy among immigrants living on the Lower East Side of Manhattan.” That was 1901. Since that first group in New York, Junior Leagues have sprung up in the UK, Mexico and Canada as well as across the rest of the US and there are now 292 Junior Leagues, counting Eleanor Roosevelt, Katharine Hepburn and Barbara Bush among their famous alumni. Read more

Join Dr. Anne Perschel, leadership psychologist and executive coach, who’s expertise includes women leaders, for this teleseminar highlighting what you can do – and what you shouldn’t do – to maintain your job during the economic downturn. Dr. Perschel will answer your specific questions and provide you with general guidelines – dos and don’ts- to maximize your chances of remaining gainfully employed. Dr. Perschel will also share up to date advice from executive Vice Presidents of HR on this issue.

You will learn how to:

  • Stay focused on the right issues
  • Avoid mis-steps
  • Understand the criteria companies use for deciding who stays and who goes
  • Manage what you can control and what you can’t

and do it all from the comfort of your home.

This teleseminar is FREE to the professional women in our community. Register here

Looking to the future is an important exercise – more so in times of accelerated change and economic uncertainty. Join us on 12th March to explore the future role of women within science, engineering, technology and the built environment to identify and share strategies and solutions for today.Chaired by Maggie Philbin – Radio and TV Presenter

Keynote speakers include:

  • Prof Sylvia Walby – UNESCO Chair in Gender Research and Professor of Sociology, Lancaster University
  • Nicola Brewer – Chief Executive, Equality and Human Rights Commission
  • Dr. Wendy L. Schultz – Futurologist and Director of Infinite Futures
  • Annette Williams – Director, UK Resource Centre for Women in SET (UKRC)

Delegates are invited to participate in a choice of five workshops. The workshops will look at:

1: Tomorrow’s Workforce

2: Tomorrow’s Workplace

3: Tomorrow’s Leaders

4: Visions of 2030

5: Women and Outer Space 2030

Dr Maggie Aderin MBE is also launching “She’s an Astronomer 2009”.

A useful and inspiring event for policy makers, employers, SET professionals, human resources experts, diversity managers, academics and many more.

Fees:

  • Large businesses / organisations £180 inc VAT
  • Small/medium size businesses / organisations £80 inc VAT
  • Professional bodies / members of UKRC SPIDER network £80 inc VAT
  • Individuals £80 inc VAT
  • Members of UKRC’s GetSETWomen Network £40 inc VAT

HOW TO BOOKEmail: info@ukrc4setwomen.org to request a booking formCall: 01274 436485 to request a booking formFor more information and to book:https://www.ukrc4setwomen.org/html/news-and-events/ukrc-conferences/2009-conferenceor download the flyer:https://www.ukrc4setwomen.org/downloads/conferences/2009/TWTW_Conference_Flyer.pdfSponsored by Shell, the RAF and NationalGrid and in partnership with International Year of Astronomy

law.JPGBy Anna Collins, Esq. (Portland, Maine)

As if the news of recent layoffs at major firms is not enough bad news for the legal profession, there is more bad news according to a new survey from the San Francisco-based Project for Attorney Retention. The bad news is that out of 100 firms studied by the organization, only about a quarter ended up with gender-balanced partner classes. In 23 firms surveyed, women make up 40% or more of the new 2009 partner classes. Yet, such progress for less than a quarter of the firms studied is overshadowed by the majority of those surveyed, including the 14 where no women were promoted or another 12 where women make up less than 20% of new partners.

In a press release announcing the results, the Co-Chair of Project for Attorney Retention, Cynthia Calvert, recognized the progress made by many firms. “We are disheartened, though,” she continued, “by the large number of firms that did not make any women partners.”

Feeling just as disheartened, we decided to contact the firms that made it to “the worst of” list, excluding the 5 for whom this year appears to be an aberration, to ask them two questions. First, what happened at the firm? Second, what is the firm going to do about it? Surely, the survey results had those firms just as disheartened and they have a strategy for the future. We contacted Dechert, Foley Hoag, Milbank, Schulte Roth, Strook, Venable, Wachtell, White & Case, and Wilkie Farr. After leaving messages with communications/media relations representatives at several of these firms and speaking in person to several others who each indicated they needed to check if the firm had any comment in regards to the questions, we have nothing to report from the firms themselves. It is likely that some were unable to get back to us with comment before publication. Based on the tone of some and reaction of others, it was clear that some viewed the questions as somewhat atypical.

Despite a lack of response to the questions, some input was offered by those we interviewed. One representative blamed the economy. “This last year has been strange,” the person offered, “but I am not familiar with how the decisions were made.” Two others took issue with any characterization that their firms do not take the issue of women’s advancement seriously.

Speaking of firms that take women’s advancement seriously, we turned to firms that are on top of the list for advancing women to the partner classes – to determine what works in those firms. Perhaps their practices can offer insight into what needs to change at the rest.The firms on top are described by the Project for Attorney Retention as follows:The best: Cravath (67%), Dickstein Shapiro (67%), Wiley Rein (60%), Andrews Kurth (57%), Bryan Cave (56%), Arent Fox (50%), Baker & Daniels (50%), Hogan & Hartson (50%), Holland and Hart (50%), King and Spalding (50%), Luce Forward (50%), Simpson Thacher (50%), and Sullivan & Cromwell (50%). A special mention goes to Farella Braun, whose only new partner is female (100%).Honorable mentions: Dorsey & Whitney (47%), Kilpatrick Stockton (44%), Seyfarth Shaw (44%), Crowell & Moring (43%), Jackson Lewis (43%), Cooley Godward (43%), Perkins Coie (42%), Arnold & Porter (40%), and WilmerHale (40%).Notable achievement: the following firms have promoted new partner classes that were 40% or more female for the past three years: Arnold & Porter, Crowell & Moring, Perkins Coie, and Sullivan and Cromwell.

What, one wonders, separates “the best” firms from those whose survey data is disheartening? The firms included “in the best” appear to have a culture of advancing women, says Calvert. “We have not noticed that any particular practice area or region advance women better than others,” she explains, “instead, these firms have a culture of advancement rather than policies that are merely window-dressing.”Calvert also explains that firms recognized for advancement of women tend to have several characteristics. First, they tend to support flexible work programs, in a non-stigmatized way. “They understand the importance of supporting such arrangements for both men and women,” Calvert explains “and do so without the stigma we find in other firms, which do not promote women at the same rates.” At many firms, Calvert shares, working reduced hours is a “professional kiss of death, and individuals – whether women or men – who need shorter hours choose to leave rather than sabotage their careers.” The trick for successful flexible work programs, she continues, is an understanding that just offering flexible work arrangements is not enough. “The programs have to be carefully implemented,” Calvert concludes, “so the firm’s nonverbal messages do not undercut their usage.

”The progressive firms also appreciate the importance of offering women challenging and rewarding assignments. Those firms that pay attention to who handles the biggest and most important cases and make sure that women are part of the action in an equitable manner,” Calvert explains, “tend to find women advancing at higher rates.”

Finally, firms with encouraging advancement rates recognize through action — rather than mere window-dressing — that substantive and active mentorship is vital for women. “Some of the best firms have women attorneys actively mentoring women associates,” Calvert shares, “some actually have male mentors who watch their women associates advance.”The bottom line is that all firms, whether they are “the best” or “the worst,” have a chance to improve the advancement of their women associates.

In light of how profitable companies become when women are in leadership roles, it is hard to imagine that any law firm would be satisfied with anything other than gender balanced partnership classes. The good news is that such a reality is possible and “the best” can prove it.