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The Ripple Effect In Raising The Game @ UK plc

Posted on November 17, 2012 at 6:30 PM

It's important to keep reporting the intitiatives that are taking place to develop and sustain the pipeline of female talent for business......even though I do feel the numbers are still painfully small.

Still, the excellent FTSE 100 Cross-Company Mentoring Programme, launched by Peninah Thomson of Praesta Partners is evolving in new directions - here's an update from Business Focus.

The Mentoring Foundation is the next step in a FTSE Pipeline programme - whereby ten high-potential women, each nominated by their company, is mentored by alumnae from the original FTSE-100 Cross Company programme - a concentrated and controlled ripple effect, in other words.

Next week the programme launches as a pilot for 12 months, with 10 'mentees' participating - and there are seven companies operating in the pilot : Bank of England, BAE Systems plc, HSBC plc, Legal & General Group plc, Lloyds Banking Group plc, Royal Bank of Scotland plc and Tesco plc.

A quick look at the list brings a significant number of 'good guys' to mind - ones I have no doubt played a part in its establishment. Apparently there is already interest in Phase Two of such a programme  - including from Rolls Royce plc, Mckinsey & Co and Shell UK.

Which is all great news. But 10 women a year ? Could every company only think of one woman ? I am also (uncomfortably) reminded of the similarities with 'trickle-down' as a theory for economic development ....

fyi, the chairmen involved are Nigel Wilson (Legal & General), Win Bischoff (Lloyds), Richard Broadbent (Tesco), Douglas Flint (HSBC), Philip Hampton (RBS) and David Lees at the Bank of England. 

There has to be a way of doing this on a larger scale. On the other hand, very intersting to see the list top-heavy with financial institutions. A survival instinct there may be more acute than in many other businesses - and maybe they will lead UK plc out of the mess it is in regarding under representation/diversity after all. 

Categories: Women, Chairmen, Appointments