CFUW Stratford Club Hosted a highly successful CFUW-Ontario Council AGM and Conference on May 12 and May 13, 2017. Please click the link above to view the Transformative Power of the Arts Photo Album.
CFUW-Stratford Club Local Arrangements Committee May 12, 2017.
Here are CFUW Stratford Advocacy Committee members at City Hall today after Bev Symons (centre) presented our report to the Infrastructure, Transportation and Safety Committee of City Council and appealed for the City to ban sale of bottled water at municipal facilities and events. The Committee referred the issue to staff for a report on how such a measure would be implemented with a staff member noting (as Bev did too) that it’s been done in other municipalities. We’ll be watching for next steps!
Earlier in her career, when Peggy Pritchard was teaching and advising at the post-secondary level, female science students would often come to her with questions about their futures: Was there really a place for women in scientific careers? How do they get a foot in the door? Pritchard suggested they ask professionals working in the field to become informal mentors.
“They’d say ‘I can’t approach those people — why would they talk to me?’” says Pritchard, a learning and curriculum support librarian at U of G’s McLaughlin Library for the past eight years. “So, I decided that if my students didn’t feel they could reach out to the experts, I could bring the experts to them. I’d write a book, a kind of portable mentor.”
She wrote three chapters and persuaded others to contribute as well. The book, Success Strategies for Women in Science, was published in 2006 and included material from some 350 women. Ten years later, Pritchard completely revised the book, including the title, now Success Strategies from Women in STEM, to better reflect the book’s content.
Part of Pritchard’s role at U of G is to work collaboratively with faculty colleagues, educational developers, and writing and learning specialists to support undergraduate students in science, technology, engineering and mathematics (STEM). She has presented seminars and facilitated workshops for women in STEM at all academic levels at institutions around the world.
Much has changed in the past decade, she says. “Government agencies are very interested in supporting women in STEM. They recognize that if you have qualified women who leave STEM work, you have lost capacity, so they’ve developed strategies to recruit and retain women.” Today, many organizations have flexible work programs for women with children and formal mentorship programs to develop female scientists in an intentional way.
In the book Pritchard covers topics related to careers in STEM fields, including leadership, time management, networking and negotiation. She also identifies strategies to help improve career success, along with inspiring stories from female scientists in STEM fields.
Despite the improvements for women in STEM, Pritchard says there are still many challenges, particularly in developing countries where women must often move abroad to work in STEM careers. She saw that first-hand when she was recently invited to present a workshop in Egypt at the world-famous Library of Alexandria, where she met women from 15 countries who were passionate about STEM careers.
In some countries, women are simply not permitted to work in particular fields. Others are not allowed to drive, and for some it’s difficult for a married woman or mother to have a career. Access to research can also be a challenge: about 70 per cent of the universities in developing countries can afford one or two journal subscriptions, according to Pritchard. On the other hand, U of G subscribes to 63,000.
Pritchard says it is very satisfying to know her book has inspired women across the globe. One Brazilian student told Pritchard Success Strategies from Women in STEM is always on her desk.
Pat Reavy introduced Julie Barker-Merz, Senior Vice President for Southwestern Ontario Bank of Montreal. She was educated at the University of Ottawa and completed her Master’s degree at Dalhousie.
Ms Barker-Merz began her presentation entitled “Investing in Women” answering the question, ‘Gender equity- have we progressed?’ with an emphatic ‘Yes!’ She cited as evidence her position at the Bank of Montreal, which she achieved due to her qualifications, not her gender.
She went on to point out that 80% of purchasing decisions are made by women. Furthermore, women are poised to inherit 75% of the largest transferal of wealth ever in the next ten years. On the other hand, while women start new businesses at 1.5 times the rate that men do, they only receive 4% of venture capital.
She presented a graphic of the composition of business roles of women in S&P 500 companies
19% Board seats
25% senior management
37% low and mid-level management
45% labour force is comprised of women
Ms Barker-Merz then described the changing attitude of the Bank of Montreal (BMO) to its female business clients. The traditional banking model is men speaking to men, and men do not take into account that women entrepreneurs relate to bankers differently, in that they are more likely to seek advice, rather than just delivering a business plan and requesting funds. Male bankers tend to interpret the request for advice as an indication of poor risk. In addition, men are bigger risk-takers than women and present much grander aspirations in their business growth, while women tend to prefer to start small and grow as their management skills improve, and do not want to risk the financial security of their families to do so. A BMO study found that women were not risk-averse, but were risk aware, so BMO is now undertaking to re-educate their lending staff to better deal with these differences between men and women. Taking a leadership role in forming new relationships with business women,
1) BMO have made $2 billion available to businesses with 51% ownership.
2) Barker-Merz was involved in starting a Leadership Fund with BMO, selecting 144 companies that have at least 25% of their Boards represented by women, as there is clear evidence that mixed gender boards out-perform single gender boards. This fund addresses the social challenge of the under-representation of women in senior leadership. The fund was launched in April 2016 as a ‘social’ fund. In its first year this fund produced a 36.4% return on equity, 60% return on invested capital and 84% higher return on sales. It has outperformed other funds by 300 basis points, with a growth of 13% in its first 9 months.
3)BMO supports three business organizations; Women Presidents Organization (with 130 chapters worldwide), GrowyourBiz.com (an organization to aid established business in expansion), and SheEO, an organization that recognized the need to change the current mode of business support for women. SheEO was founded by Vicki Saunders as a new way to give to and grow female-led companies in Canada. She calls it Radical Generosity: 1000 women donate $1000 to create a $1 million pool to fund 10 female-led businesses. These businesses use the funds to grow their business and are expected to pay it back in 5 years, to perpetuate the fund. Locally, Barker-Merz participated in a group of 500 women who donated $1000 each to fund 5 businesses. Three hundred entrepreneurs applied for the funds. The donors evaluated the applications and selected worthy businesses. The entrepreneurs then received three days of coaching and were directed to determine how the funds would be directed, with the proviso that it could NOT be evenly divided. The five businesses made their decisions but did not access all of the available money. The second round will launch next week. Barker-Merz spoke of one of the funded businesses, launched by Nadia Hamilton, for an App that helps autistic or other learning impaired children get through their day successfully. Nadia originally developed the App to help her autistic brother get himself ready for school. It is supported by many brands such as sports teams, and many food and clothing brands, whose icons show up on the App related to appropriate activities.
Charlotte thanked Ms Barker-Merz for her inspiring presentation, noting that her honorarium was directed to the Kids Helpline.
CFUW Stratford Club members should plan to attend the General Meeting on March 28, 2017. The club will be reviewing the two proposed national resolutions submitted for 2017.
|University Women’s Club of Winnipeg||The Right to Safe, Clean, Accessible and Affordable Drinking Water and Sanitation on First Nations Reserves in Canada|
|Resolution 2||University Women’s Club of North York||Universal Pharmacare