FranklinCovey Blog | Fiduciary Responsibility
Ernst & Young (E&Y) presented a white paper at Davos that shows that companies with more women executives make more money than their less female-populated competitors as measured by EBITDA, return on invested capital, and net profits. Very cool! However, I’m not thinking that just any woman in the role makes a difference. Obviously, the woman needs character and competence and leadership capability and a whole host of things we can explore on later posts. For today, here are some questions related to the E&Y study to consider if you are a woman that aspires to an executive role:
- 1. Do you know how EBITDA is measured? Or even what the acronym stand for?
- 2. What about return on invested capital or net profits?
- 3. How does your company currently stand in terms of cash flow, revenues, profits?
- 4. Any idea what Davos is?
My point is this: One of the main responsibilities of an executive is fiduciary responsibility. › Continue reading