Siobhan Coady named to board mentorship program
Local businesswoman Siobhan Coady is one of 15 women selected to join Women on Board, a program that promotes the appointment of women to corporate boards.
Siobhan Coady has been refocusing on her business dealings since leaving politics. That focus has garnered her a position with Women on Board aimed at promoting women in the corporate world.
— File photo by Daniel MacEachern/The Telegram
Coady, also a former Liberal member of Parliament for St. John’s South-Mount Pearl, will be paired with former deputy prime minister John Manley, who will mentor and sponsor her in the program.
“It’s a great initiative, and I’m proud to be one of 15 in the country involved in it,” said Coady on Thursday.
The program is an initiative of Catalyst, a non-profit organization working to expand opportunities for women in business. Coady said she’s excited to be working with Manley, currently president and CEO of the Canadian Council of Chief Executives and has served on several boards.
“He’s been in the senior public boardrooms of the country,” she said. “The whole concept here is this mentorship program ensures you have not only the learning — and I’ll have exceptional opportunity to talk to Mr. Manley about his diverse background and politics — but it’ll also help me leverage my experience and knowledge as well.”
The program will give the women involved “access and opportunity,” said Coady, so they’re prepared to take on more senior roles on corporate public boards.
“Increasing women on boards is an initiative that the business community recognizes within the country, as does the government,” said Coady.
“The federal government does have a program they’re undertaking right now — they announced in the spring of this year an advisory council to promote the participation of women on both public and private boards in the country.”
Coady said Canada’s not at the stage yet where boards should have a mandatory female quota, as exist in some countries.
“I would personally like to see it more voluntary, make it more understanding, prepare women to accept roles on public boards and to ensure that they have the opportunity to get on public boards,” she said.
“If then it’s not happening, I think it would be something to be considered, but I’d rather see it as we’re doing it right now in our country: making sure we have women mentored, prepared to go on the senior boards, and also ensuring that people are aware that there is a value of having women on boards.”