Thank you, Madam Chair and committee members, for the opportunity to speak to you today about economic leadership and prosperity for women in Canada.
My name is Janice McDonald and I am a serial entrepreneur in the music and apparel industry. I'm delighted to contribute to the important work you are doing in looking at systemic barriers to women's advancement. I've been interested in this topic for a long time as an entrepreneur, volunteer, and because of my own research.
I've been an entrepreneur in Canada for over two decades. There has been considerable change in the small business landscape over that time period.
When my partner and I opened up our first retail music store in 1991, we were open for business. We didn't start up; we opened up. There were not start-ups, just businesses growing and opening.
As young entrepreneurs we had few peers choose the same career path. Most of our friends and colleagues did not see entrepreneurship as an option. That has changed.
In 1991, formal mentorship programs were not available, or at least we were not aware of them. Now entrepreneurs can access innovation hubs, crowdsource funding, angel investors, and all kinds of support. Organizations like Futurpreneur did not exist.
Futurpreneur is a national non-profit organization dedicated to growing our economy one entrepreneur at a time. The focus on start-up culture has increased significantly. The shift has been gradual, but now support for entrepreneurs is everywhere.
My latest start-up is called This Space Works. It's like Airbnb for business. We are part of the sharing economy, and use excess capacity in physical spaces and make it available to mobile professionals and businesses who need it.
Although seasoned ourselves, we have gathered mentors to assist us to grow our start-up. MaRS Discovery District in Toronto, Communitech in Waterloo, the Innovation Factory in Hamilton, each of these organizations is helping our company grow.
In 1992, I completed my master's in Canadian studies. My thesis topic was “Women and the Appointment Process in Canada on Agencies, Boards, Councils, and Commissions”. That was before we considered women diversity. Women were under-represented, but it was viewed as a gender and power issue, not as a diversity issue. The numbers did not look good in 1992 and as we know, change has been slow.
My commitment to women's advancement has remained. I share my time and talents with numerous organizations focused on making a difference in this regard.
Comprised of leaders from the most senior levels of government, business, academia, and the non-profit sector, members of the Women's Leadership Board at Harvard's Kennedy School serve as key supporters and ambassadors to the women in public policy program.
I am a member of the Women's Leadership Board and am going to Harvard tomorrow for three days of meetings.
Board members ask, “What can we do to create gender equality and improve the lives of women and men around the world?” The focus is on rigorous, high-impact research to further the shared mission of closing gender gaps. The gender action portal is a vital resource.
I am chair of the Canadian Women in Communications and Technology national board. The goal is to advance women in Canada in communications and technology. The non-profit organization focuses on recognition, career advancement, and mentorship. It has been doing incredible work for women for over 20 years.
We believe our members can ignite their career with mentorship. In the latest issue of Women's Executive Network's The Opinion magazine, my article on mentorship talks about the value of it in career development. I have been a long-standing formal and informal mentor to women in business and the communications industry. I have seen first-hand the impact it can have on women's careers. A mentor can help you get to next faster.
Last year, I ran the mentorship program for WCT, and successfully matched over 20 women across Canada with senior women mentors. WCT believes mentorship is essential to career development. The WCT program is a gold standard.
The program has been running for 14 years. The call has just gone out to members to apply for the program. It is free to WCT members, and senior women mentors donate their time and share their talents for a one-year commitment. The program is made possible by the financial support of Shaw Media. It is a cornerstone to WCT programming.
The WCT commitment to mentorship is unwavering. We also know that sponsorship is vital as well. Visioned by WCT, the protegé project was created in conjunction with Catalyst Canada and supported by Shaw Media. This is a brand new pioneering project. The ripple effects of the program will be significant. It is a new collaborative venture whose promise is to level the playing field for women in the ICT sector in Canada.
We want to make sure rising stars in the industry make it to the C-suite. Over 10 senior executives in leading communications, media, and technology organizations have signed on to personally support the program. An equivalent number of female corporate executives will be selected and matched to work with sponsors to sharpen their leadership and business acumen.
We believe the ripple effects of the program will be significant. No one else has done a cross-industry sponsor-matching program for senior women. It will be a game changer. My personal commitment to mentorship is also unwavering. I've been invited to join the Cherie Blair Foundation for Women as a mentor. Their philosophy is to invest in women entrepreneurs so they can build their businesses. Women benefit from the program as their businesses grow, as do their families and communities.
The Cherie Blair Foundation believes if you empower women you drive growth. So do I. Their mentoring women in business program is successful. They have over 800 mentors and mentees enrolled in the program. It is offered across physical and cultural distances through the use of technology. I'm proud to offer my skills and talents to a woman somewhere in the world and help her grow her business. My match will be completed later this month and I will work with my mentee for one year.
I'm also the current chair of the Ottawa chapter of the International Women's Forum. I am passionate about this global organization for women. IWF advances women's leadership across careers, cultures, and continents. Members are committed to bettering global leadership today and cultivating women leaders of tomorrow. Fifty-five hundred women leaders around the world are IWF members. The organization began in 1982 in the U.S.A. and there are IWF members in six continents and 33 nations. In Canada, IWF has approximately 500 members in chapters across the country. The organization is very active and interested in women's leadership.
One area of focus for IWF Canada members is to increase the number of women on corporate boards. IWF Canada is interested in and committed to seeing more women join corporate boards. The IWF national board agreed to direct time and effort to create the tools for change for its members. The sole focus of the committee has been to gather all of the necessary information for its members to join those boards. Members can access an exceptional road map to assist them. The proprietary work covers the eco-system for women on boards, vital research, the business case and approaches used in other countries. Additional information includes sections on how to succeed, prepare for interviews, and get known. It is a strategic, comprehensive, and valuable tool for any IWF member. The women on boards initiative by IWF enables any of its members who are serious about joining a board to have the information and tools necessary to succeed. Several board members attribute their recent placement on a corporate board in part to the IWF information available to them.
Like many IWF members, I received my Institute of Corporate Directors designation from the directors education program. The program is offered nationally at Canada's top business schools. Since the launch of the directors education program, more than 3,000 directors have completed the program and over 1,900 have earned their ICD.D designation. The designation reflects a director's commitment to ongoing learning and development. The program is designed to help directors overcome the challenges they face in fulfilling their roles as directors. The training program is also a rich source of networking opportunities with classmates in the most senior roles in organizations across Canada. For that reason alone, more women need to participate.
Given the complexities of business today, we can expect more boards to seek out directors with governance training. If governance training and the ICD.D designation is valued by corporate boards, then hopefully more women will apply and be selected to receive this invaluable education. In my cohort, DEP-46, we did not have an equal number of men and women in the class. If governance training is a pipeline for future directors, we need to ensure that more women receive the training offered. The Institute for Corporate Directors offers scholarships to its directors education program and it would be ideal if more scholarships were available and offered specifically for women to access.
I believe we have many qualified and board-ready women across Canada. I don't think it is a pipeline issue and we know the business case is made for women on boards. Equipping more women with governance training is one more way we can eliminate barriers to women’s success on corporate boards.
Mentorship is a critical element for women’s success, as is sponsorship. Dedicated organizations, like IWF and WCT, are taking up the challenge. Although change is hard and slow, it is possible. We all win when women are empowered.