The Trusteeship
International Women's Foundation

Getting that Seat on the Board – March 23

On January 1, new California law SB 826 went into effect, requiring all public companies in the state to have at least one woman director on their board by the end of 2019 and two more by end of 2021.

Trusteeship members and guests gathered at the Dorothy Chandler Pavilion for a panel presentation and learned from three of our own esteemed members who serve on Corporate Boards. They shared their experience and advice for being named a Corporate Board Member.

Some Key Notes from the Event:

  • Networking is key, it is always about relationships and who knows who.
  • People want to work with people they know, or who have been recommended by someone they know (80% recruited by friends/colleagues 20% by search firms.
  • Values needed on boards:
    • Understanding the consumer (Betsy M. is on many private boards due to her understanding young consumers).
    • Understanding what employees need (women traditionally have an HR focus.
    • Understanding finance, compensation.
  • Many women head the compensation committee, as many men don’t seem to want to say how much the CEO should make or deal with that negotiation.
  • More boards use data to drive decision making, understanding how best to use data more and more
  • Important – Be good at one or two things and brand yourself, so people start thinking of you when they need that expertise.
  • Boards want to put people on who are relevant, so if you are older (usually you are making an 8-10 year commitment) you must be able to show you are relevant (think if you are 62 in 10 years you are 72).
  • Age is a number, and it is trending younger, but still lots of older board members, but as usual may be harder for older women.
  • Think about the value you bring, and also make sure you get value out of it as well.
  • Don’t allow money to be the driving factor for why you join a board, it is a big time commitment, especially if the organization is going through a leadership change. 

Our Trusteeship Panelists: 

  • Betsy Berkhemer Credaire, CEO, Berkhemer Clayton Retained Search – Board Member of: CEO of 2020 Women on Boards Statewide California Board of National Assn of Women Business Owners (NAWBO-CA), sponsors of the California Law Women on Boards, SB 826, enacted January 1st, 2019. Past Boards: SoCal Edison Consumer Advisory Board, UCLA Health Sciences & Medical Center Advisory Board. Author: “The Board Game — How Smart Women Become Corporate Directors”, “Winning the Board Game–How Women Corporate Directors Make The Difference” (out in May, 2019).
  • Betsy McLaughlin, named 2018 Director of the Year for Growth Companies by The Forum for Corporate Directors. Board Member of: Everlane, BarkBox, Veggie Grill, Lazy Dog, 5.11 Tactical, Dolls Kill. Past Boards: Hot Topic (HOTT), Noodles (NDLS), Pinkberry, Kriser’s Natural Pet. Non-Profit Boards: PetSmart Charities.
  • Julie Newcomb Hill, Founder, The Hill Company. Board Member of: Anthem – US health insurer, Lord Abbett Family of Funds – The oldest private mutual fund complex, founded in 1929 and was the first woman on the board in 2004. UNYQ – Silicon Valley start-up, wearable medical devices. Non-Profit Boards: Chair of the UCI Trustees. Past Boards: Holcim (US), a Swiss-based international concrete cement manufacturer, Lend Lease – Sydney based heavy construction company, active in 90 countries around the world, Resources Connection – IPO out of Deloitte, financial services company.
  • Moderator: Cristina Rose Board of Directors: The Claremont Colleges, Metropolitan Los Angeles YMCA. Past Boards: HMSHost and The Mills Corporation.

Nikki Clay – Dine-Around – March 13

Nikki Clay hosted the San Diego Trusteeship members for what has proven to be their annual gathering to source possible Trusteeship nominees from the San Diego area.

Nikki, thanks for a wonderful party — such a beautiful table and a wonderful opportunity to welcome Mary Ellen and to think about new candidates for the Trusteeship. 

Julie Meier Wright

It sounds like it was a lovely event and the San Diego group jumped to it and nominated three potential candidates!  Thanks everyone.

 


Laurie David Dine-Around – March 5

Dine-Arounds are favorite evenings for Trusteeship members. One of our new members, Laurie David, invited seven guests to her home in Pacific Palisades, for a warm and wonderful Trusteeship Dine-Around.

Laurie is a producer, author and environmental advocate. She joined The Trusteeship in the summer of 2018 and has picked a topic of conversation: The Power of Poetry – to commemorate the passing of beloved poet Mary Oliver guests were asked to please bring a poem, a paragraph, a line that moved them. And moved them they were. Laurie’s instructions were:  Lets Share!

Some of the dinner invitees raved about the evening:

Laurie,
What a splendid night for us all (x our early arrivals?!) Kirsten’s lovingly prepared food, choice wines and your holding us to task – having a theme. You command order with grace, knowledge, and compassion. I, along with Miriam, didn’t have a deep appreciation of reading poetry out loud, so your lead of doing so has probably enriched all of our lives just a bit more. Thank you for last night, your book of Peggy’s poetry, and bringing us all together. Good luck with BIGGEST LITTLE FARM and we’ll spread the word.
Fondly,
Martha

Laurie,
There will likely be a lot of dittos today and I thought I would lead the way. Ditto everything Martha said. It was a beautiful evening. The appetizer and meal selections were inspired; delicious and prepared with such care and attention by Kirsten. Your home is incredible and must give you so much inspiration. I am pleased to have left appreciating poetry much more. The second thing I did this morning (after making the bed) was read – out loud, of course – the first poem in the book, Chorus of Cells. I never knew that making one’s bed could be so meditative until I read Peggy’s poem. Because of you, Laurie, I’m going to start a new practice of reading a poem a morning and evening and, hopefully more in between. Thank you for gifting us the book and a great evening.
With much appreciation,
Miriam

Dear Laurie:
What a stimulating and FUN evening in your breathtaking home with amazing food and comradery. I LOVED every minute of our conversation which was deep – and sometimes quite emotional. You are an incomparable hostess who makes everyone feel comfortable and very pampered. The food was a gourmet’s delight, unique and delicious.  Thank you for such a memorable evening.
Hugs,
Aileen

Laurie:
Thank you Laurie for hosting such a wonderful evening. Nothing compares to inspiring conversation with beautiful minds… plus sumptuous food and of course poetry. Thank you for the unexpected gift. I will treasure the book of poems.
All my very best,
Lubov

Laurie,
We do try to show our appreciation, particularly when it is so deserved. Good also to try to respond before all the superlatives are used! As a flustered early arrival, I was particularly grateful for your calming and warm welcome and Kirsten’s graceful assistance. It was perfect. The home, the view, the incredible women around the table, who just kept talking (as instructed) fortified by beautiful wine, and exquisite dinner and dessert, all came together in a most memorable night.

To the new and current readers of poetry, I would like to share a discovery I made yesterday in my belated search for a poem to read. Poetry Foundation is an on-line off-shoot from Poetry Magazine which has collected some 60,000 poems and thousands of biographies of poets and academic, yet accessible analyses of selected poems by each poet. AND, they do provide spoken word presentations and podcasts on occasion.

Thanks to all! Even with all our travels, hope to see you all soon!
Andrea


Lisa Specht Dine-Around – February 28

Dine-Arounds are favorite evenings for Trusteeship members. Our board member, Lisa Specht, invited seven members to her home in Beverly Hills for a warm and wonderful Trusteeship Dine-Around.

Lisa is a partner at Manatt, Phelps & Phillips, LLP as well as Chair of the Los Angeles Music Center and has been a member of The Trusteeship since 2007.

This Dine-Around had a topic of conversation: “Decline of civil discourse. How did it happen?” 

One of the captivated diner’s shared:

We lucky 8 created a small, powerful, eloquent, passionate universe which I, for one, will never forget!  Better than a wonderful time…An important time!
Yours,
Rachael Worby

Photo From bottom left: Karen Caplan, Rachel Moore, Lisa Specht. Top left: Wendy Greuel, Aya Jakobovitz, Cinny Kennard, Rachael Worby and Gale Anne Hurd.

 


Frances Arnold – Member Spotlight – February 25

As reported by Trusteeship member, Ilyanne Morden Kichaven, the Frances Arnold Member Spotlight  was a phenomenal experience. Ilyanne shares: 55 Trusteeship members and 23 guests witnessed a very special evening on Monday, February 25th to celebrate our own, Nobel Prize Laureate, Frances Arnold. Our elegant dinner at Caltech’s famed Athenaeum was followed by a brilliant interview with Frances by fellow Trusteeship member, Emmy and Pulitzer award winning journalist, Patt Morrison, who became friends with Frances through The Trusteeship and traveled with her to the Stockholm Nobel festivities. Frances recounted her remarkable journey from her first days as a scientist to the awards prentation on December 10, 2018 and dining with the King of Sweden, His Royal Highness, Carl XVI Gustaf and what has transpired since.

Frances, the Linus Pauling Professor of Chemical Engineering, Bioengineering and Biochemistry, won the 2018 Nobel Prize in Chemistry for “the directed evolution of enzymes”. Directed evolution, pioneered by Frances in the early 1990s, is a bioengineering method for creating new and better enzymes in the laboratory using the principles of evolution. Today, the method is used in hundreds of laboratories and companies that make everything from laundry detergents to biofuels to medicines. Enzymes created with the technique have replaced toxic chemicals in many industrial processes.

Fellow Trusteeship member, Kelly Vlahakis-Hanks, whose father founded ECOS, Earth Friendly Environmental Products, thanked Frances and stated that her pioneer work in “innovation through evolution” produced the science behind the Green Enzymes they use in their laundry detergent and other products. Among the many wonderful remarks made by Frances include: “I wasn’t really too fond of chemistry. In fact I have recently started taking some courses in the subject. ” When asked by Anna Ouroumian “What obstacles do you see in your field as a woman?” Frances responded, without hesitation “There aren’t any. Being a woman is great.”

Always looking beautiful Frances exhibited little more glamour as she filmed a small part on an episode of The Big Bang Theory that day, playing herself, and was in full hair and make-up from the set (Look for Frances on the April 4th episode of The Big Bang Theory).

Frances is the fifth female chemistry laureate since the prizes first began in 1901, and the only American woman to ever win in the subject. At evening’s end she brought out the coveted medal and took photos with her Trusteeship sisters so we could share the glory. All were in awe to be in the company of the highest order. Heartfelt congratulations to Frances who changed the world!


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“Imagine an enriching experience and rare opportunity to meet, learn from, and share time with a college president, a top TV or movie producer, an artist, an author, a politician, a business or philanthropic leader, to name a few. That’s the magic of The Trusteeship. Friendships and support when life has dealt you a setback are added — precious gifts.”

– Caroline