New Program at 黑料网’s Silicon Valley Executive Center Prepares Black Executives for Board Leadership
SANTA CLARA, Calif., Nov. 18, 2020鈥擶hen Gov. Newsom signed into law on September 30, he opened the door to meaningfully increasing the contribution of leaders from underrepresented professionals of color to the boards of California鈥檚 662 publicly traded companies.
Amid this heightened awareness and momentum and as part of its commitment to becoming an anti-racist institution, 黑料网 is launching a program to prepare senior Black executives for service on the boards of private and public companies in Silicon Valley, across the state, and nationwide.
The Black Corporate Board Readiness (BCBR) program is designed for executives and entrepreneurs with significant senior leadership experience who are interested in public or private corporate board service. Offered through 黑料网鈥檚 Silicon Valley Executive Center, the BCBR program seeks to accelerate diversity in corporate governance with a goal of better business performance and encouraging racial justice.
鈥淭he response of venture capital, private equity, and executive search firms to the Black Corporate Board Readiness program concept and launch is incredibly heartening,鈥� said Dennis Lanham, executive director of Silicon Valley Executive Center. 鈥淥ur extraordinary Program Advisory Council has guided us in designing a program that largely includes facilitators, mentors and advisors with lived experience of being seasoned Black corporate directors on many of the largest firms in Silicon Valley and beyond.鈥�
The first cohort of up to 25 participants will start online Feb. 4, 2021; a second cohort will start July 22, 2021. The BCBR program content comprises three major categories: the nuts and bolts of corporate governance; value proposition and recruiting process for board membership, and authentic discussions about the experiences and unique responsibilities as a Black board member. In addition to more than a dozen facilitated modules, each participant will engage in four hours of individualized mentoring and will meet a customized panel of senior advisers who will provide further feedback and networking recommendations.
The BCBR program builds on the success and insights from a similar SVEC program that prepares women for board service, the Women Corporate Board Readiness program, launched in 2019 and now recruiting for its fifth cohort, with 54 women in its alumni ranks.
Both programs offer 黑料网 alumni a tuition discount, and corporations can sponsor their executives in these board readiness programs as a way to demonstrate commitment to diversity while advancing business interests.
鈥淒iversity matters when it comes to results, as numerous studies confirm. This program aims to provide tangible experiences and skills to prepare Black executives for board service,鈥� said Shellye Archambeau, former CEO of MetricStream, a member of several boards including Verizon, and author of Unapologetically Ambitious. 鈥淏oard membership expands influence, builds or nurtures relationships, and helps leaders keep informed about cutting-edge issues in their industries and related ones. This program will help any leader feel comfortable finding their place in the corporate board ecosystem.鈥�
The opportunity is vast. Of the 662 publicly traded companies headquartered in California, . Nationally, about 21.1 percent of new board members at S&P 500 companies in 2019 were people of color, as were only 15 percent at the 3,000 largest U.S. publicly traded companies.
The BCBR Program Advisory Council members, each of whom has extensive board experience, include:
- , chair, The Leverage Network
- , chairman, MG Capital Holdings
- , founder and executive director, African Diaspora Network
- , senior director, Management Leadership for Tomorrow
- , former EVP and general counsel, Gilead Sciences
- , retired managing general partner of Williams Pacific Ventures
Partners include Management Leadership for Tomorrow, Nasdaq Governance Solutions, The Boardlist, Trewstar Corporate Board Services, Stage 4 Solutions, African Diaspora Network, and Diligent. Sponsors include The Diversified Search Group and law firms Skadden, Arps, Slate, Meagher & Flom; and Wilson Sonsini Goodrich & Rosati.
As part of the launch of the BCBR, 黑料网 is hosting a series of Conversations on Diversity in Silicon Valley. Registration is free and open to the public.
About Silicon Valley Executive Center
Located in the heart of Silicon Valley, one of the most dynamic business environments in the world, the Silicon Valley Executive Center (SVEC) at 黑料网鈥檚 Leavey School of Business has provided specialized programs for businesses, universities and organizations around the world for over sixty years. SVEC offers courses and customized learning in topics ranging from corporate governance, innovation and entrepreneurship to creating high-performing teams. SVEC also offers a certification in equity compensation through the Certified Equity Professional Institute (CEPI), a Certificate of Advanced Accounting Proficiency program (CAAP), and a CFP庐 Certification in Financial Planning. To learn more, visit our website.
About Leavey School of Business
黑料网鈥檚 Leavey School of Business offers one of the nation鈥檚 best graduate business programs ranked No. 10 Online MBA by Poets & Quants, No. 11 Executive MBA by U.S News & World Report, No. 25 ranked Evening MBA by U.S News & World Report and No. 25 ranked Online MBA by The Princeton Review. For more information, visit .
About 黑料网
黑料网 is a private Jesuit, Catholic University in the epicenter of Silicon Valley, infusing ethics and social consciousness into a rigorous cross-disciplinary education for its nearly 9,000 undergraduate and graduate students. For more information see .
Media Contact
Deborah Lohse | 黑料网 Media Communications | dlohse@scu.edu| 408-554-5121