Support from the EBRD Women on Boards Program in Romania. Program shares a practical guide for women aspiring to leadership roles
Program empowers women in Romania to step into management or advisory board roles - Offering actionable advice for women in businesses seeking strong governance - Supporting EU gender diversity targets with inclusive leadership programs
- Program empowers women in Romania to step into management or advisory board roles
- Offering actionable advice for women in businesses seeking strong governance
- Supporting EU gender diversity targets with inclusive leadership programs
The European Bank for Reconstruction and Development (EBRD) celebrates Women’s Entrepreneurship Day on 19 November 2024 by highlighting the EBRD Women on Boards Program’s effort to advance women’s leadership in Romania. This initiative, developed by the EBRD and implemented this year in partnership with Endeavor Romania, aims to help women across the business sector gain the insights, tools and necessary connections to step into advisory or management board positions.
At two recent training events, “Managing Dynamics in the Boardroom” (10 September 2024) and “Advisory Boards” (06 November 2024), international and Romanian experts, investors and industry leaders shared practical guidance for effective boards with over 100 experienced women in business, to help them step confidently into board roles.
The highlights are shared below, as a practical guide for women in business pursuing management and advisory board roles:
- Understand your role on the board. Identify what your unique expertise brings to the table and gain a strong understanding of board types, from supervisory to advisory, and clarify how each operates within a company.
- Strengthen governance skills. Develop the core skills of board governance, including financial expertise, risk assessment, digital transformation, AI, ESG, international market expertise and strategic oversight. Also take courses, seek mentorship or join industry groups to support your further growth.
- Leverage advisory boards for business growth. For women leading SMEs, establishing an advisory board can bring external perspectives to enhance decision-making and growth. This team serves as a “pool of wisdom” offering high-level guidance to founders.
- Expand your professional network. Building relationships is key to accessing board opportunities. Engage with industry groups, participate in training programs and connect with peers or executive search professionals who may refer you for board roles. Networking is essential not only for board placements but also for broadening perspectives and sharing best practices.
