Board Turnover – Where’s the Balance?

Posted September 29, 2015

If you look at your Board Members, do they resemble “founding fathers” or is the makeup of your board a portrait of a well-balanced, progressive looking team? Is there diversity? Is there a balance of men and women on the board? Two studies have found that Fortune 500 companies with the most women on their boards did significantly better financially than those with the fewest. [Worth.com, October-November 2014]. The trend, it appears, is that women held only 16.9 percent of board seats in 2013. And that percentage is for all industries – I would have to venture that it would be even more woeful in the AEC industry. Develop a board strategy to bring more women and more diversity to take seats at the table. It sounds mutually beneficial to me!

Board of Directors, diversity, Leadership, Management, Women Executives

Ann Banning - Wright

CLIENT:	Large Engineering Firm
CHALLENGE:	Extend and secure new contracts in the area of Data Centers for telecommunication, finance and media industries.
RESEARCH:	Designed face-to-face interviews that reveal the challenges and the breakdowns that cause the most pain in data centers.
DISCOVERY OF UNTAPPED POTENTIAL:	Identified “downtime” as the most critical concern evidenced by a financial institution losing $260 million dollars a minute when their check processing centers went off line. A variety of well- intentioned vendors, designers, departments and process operators were responsible for getting back online but we discovered they were often working independently in silo’s – a cumbersome and inefficient response to an expensive problem.
HARNESS POTENTIAL:	Plucked individuals from across departments and disciplines to assemble a team dedicated to “Collaborative Design and Operations for Data Center Uptime. Newly formed team collaboratively built and marketed a unique practice promising result. Data Center Uptime Named the Offer > OnlinEnivronments. Specified all the moving parts of the OnlineEnvironments Design Solution and the cost benefit. Geography of Facility – Architecture and Engineering of Facility – IT Infrastructure and Facilities Management – Process Design and Outage Prevention Management
RESULTS:	Out-of-the-gate this untapped potential accelerated growth and generated 14million dollars of new revenue. This success demonstrates how a distinctive solution accelerates a company’s capacity to become market leaders, to choose their clients and to charge more for it. The optimum result of working with Bright Operations is the creation of a structural and operational eco-system that is sustainable over time, producing preferred transactions and smart market extensions over and over again. In other words, “Wow, we’ve done it again!”

Board Turnover – Where’s the Balance?

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Board Turnover – Where’s the Balance?

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