FranklinCovey Blog | Fiduciary Responsibility

A Business Case for Women

Thursday, July 16th, 2009 | Executive Mama | 1 Comment

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

Tags: Acronym, Business Acumen, Business Case, Davos, Economic Times, Executive Role, Fiduciary Responsibility, Financial Decisions, Good Advice, How To Read A Financial Report, Jennifer Colosimo, John A Tracy, Leadership Capability, Net Profits, Ram Charan, Report Author, Report Executive, Return On Invested Capital, Velocity, Women Executives, World Economic Forum