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Should a Female Director “Tone it Down”?

Supplemental Material for Case Discussion

HPT008

JUNE 29, 2016

J.P. Offutt

Sid Yerby

Bill Offutt

Sarah

Other Board Members

Fiduciary

Should a Female Director “Tone it Down”?

Defined: a person legally appointed and authorized to hold assets in trust for another person. The fiduciary manages the assets for the benefit of the other person rather than for his or her own profit.

Duty of loyalty: requires a fiduciary to act solely in the best interest of the company and serve the corporation for the shareholder.

Duty of care: requires directors to be informed and involved in business decisions of a public corporation. A director is obliged to take all necessary actions to make fundamentally sound business decisions.

Statistics on Women on Fortune 500 Boards

Source: Catalyst, 2014 Census, Women Board Directors

Should a Female Director “Tone it Down”?

WOMEN'S SHARE OF BOARD SEATS AT MAJOR COMPANIES IN 2014

Norway	35.5%
Finland	29.9%
France	29.7%
Sweden	28.8%
Belgium	23.4%
United Kingdom	22.8%
Denmark	21.9%
Netherlands	21.0%
Canada	20.8%
United States	19.2%
Germany	18.5%
Spain	18.2%
Switzerland	17.0%
Austria	13.0%
Ireland	10.3%
Portugal	7.9%

Components of Emotional Intelligence

Source: Goleman, D. “What Makes a Leader?” Harvard Business Review, June 1996

Should a Female Director “Tone it Down”?

Self awareness – knowing your strengths, weaknesses, drives, values, and impact on others

Self-regulation – controlling or redirecting disruptive impulses and moods

Motivation – relishing achievement for its own sake

Empathy – understanding other people’s emotional makeup

Social skill – building rapport with others to move them in desired directions