The IoD’s Mentoring for Diversity programme was launched in 2011 to link experienced female directors (mentees) with chairs and senior directors (mentors) from NZX and large company boards.
The programme was expanded in 2015 to promote board diversity in its wider sense, and we welcome applications on the basis of diversity including gender, ethnicity, Māori whakapapa, LGBTI affinity, age, culture, disability, background, sector and experience.
The programme aims to:
You need to complete an application form available on our website iod.org.nz/mfd
Applications must be completed and submitted by email to firstname.lastname@example.org with a copy of your current governance CV by 12pm Wednesday 08 April 2020 (note - this is an extension from the original 02 April deadline)
Applications received after this date will not be accepted.
There is no application fee to apply for the programme.
Mentors have agreed to participate in the programme on a voluntary basis.
We expect to select approximately 20 mentees for the 2020/21 programme.
Yes. We have mentors based across NZ. Mentees will be asked whether they prefer a mentor in their own location or are prepared to travel to meet with their mentor. Mentees may be matched with a mentor outside their region if a mentor is not available in their location. Mentees will also be required to travel to Auckland four times per year – see below for details.
Applicants do not need to be a member at the time of submitting their application, but they will need to join the IoD if they are accepted into the programme.
Our mentees usually meet with their mentors 6-8 times per year.
The purpose of this programme is to provide support to ‘board-ready’ applicants who aspire to being appointed to the board of an NZX company or a large unlisted company.
The mentorship is not intended to be a training programme. Rather, mentors provide guidance based on their experiences on high performing boards, including networking, positioning, conduct, presentation (personal and CV), etc.
The form of mentoring will vary from candidate to candidate and mentor to mentor.
Applicants usually have experience on boards of SMEs or larger non-commercial boards or are CEOs or executives dealing with a board. They consider themselvesready to step up to a board of a NZX or large company.
No. Whilst the programme provides exceptional support and may open new doors for our mentees, we do not guarantee that you will obtain a board position after completing the programme.
74% of our past mentees have obtained board positions since completing the programme.
Applicants are encouraged to undertake rigorous self-appraisal before applying and consider their eligibility against the following criteria.
At least five years’ experience in one or more of the following:
At least three years’ experience of boardroom practice, preferably as a board member of an entity of some significance, eg New Zealand subsidiary of an overseas group, large not-for-profit, crown entity, large SME or working closely with, and reporting to boards.
A clear appreciation of the roles and responsibilities of the director under the Companies Act 1993 and an excellent understanding of the value-adding role of the board as well as an appreciation of the distinction between governance and management.
A high level of understand the financial position of the company through interrogation of financial statements, etc.
A well-developed critical faculty, independent thinking, ability to work in a team, confidence to ask questions, ability to evaluate own performance with a focus on continuous improvement, etc.
As part of the application process you are required to submit a governance CV. The IoD has guidelines on how creating governance CV on the website.
No. We are primarily interested in your most recent experience and/or relevant board experience so it is not necessary to outline all experience. Please consider those positions which most relate to governance experience.
Mentees are shortlisted by an internal selection panel, including the IoD’s Membership Programmes Manager, and Governance Services’ Advisor[MS1] The final selection will be made by our Board Diversity Panel, consisting of the IoD’s CEO, GM Members and key council members.
It is not a pre-requisite to have completed CDC or other governance courses, although a commitment to training and upskilling in governance will be considered favourably.
All applicants will be notified by 3 June 2020 as to whether they have been successful or not. Mentees will be selected by a selection committee made up of Mentoring for Diversity programme staff and IoD council members. Selections will be final and no review will be undertaken.
A briefing session and programme launch will be held late afternoon/early evening of 23 June 2020 in Auckland. The session will outline how the programme will work in greater detail. Expectations around the role of mentee and mentor will be covered, and advice on how to get the most out of the programme. Each mentee will receive a copy of a mentee guide.
The programme runs for a 12 month period from 1 July 2020 until 30 June 2021. We suggest that mentors and mentees meet for at least an hour every two months.
We recommend that the scheduling and format of your mentoring meetings is formal.
There will be two mentee sharing events in September 2020 and February/March 2021. These will likely be held in Auckland or where the majority of mentees come from. All mentees are expected to attend. Dates of these sessions will be confirmed as early as possible. Travel is at the mentees expense. A briefing and congratulations session will be held at the beginning and end of the programme – 23 June 2020 and late June 2021.
A formal review of the programme will be undertaken midway through the programme. Mentees must commit to providing feedback in a timely manner as requested during the programme.
The mentee and mentor will each bear any expenses incurred in participating in the programme. Where mentees have indicated that they are prepared to travel to meet with their mentor, the mentee will meet these travel costs.
No. While it is hoped that mentees will upskill and obtain additional board appointments in the future, this is not within the scope of the project nor within the power of the IoD.
The mentor and mentee are free to withdraw from the programme at any time by contacting IoD’s programme manager. If a mentor withdraws from the programme before 31 December 2020, the IoD will attempt to find a suitable replacement. However, we cannot guarantee that this will be possible.
The IoD reserves the right to use your information for marketing and publicity purposes as outlined in the terms and conditions within the application form.
We would expect to publish a list of mentees on the IoD website and through our social media channels.
Applicants who are not selected for the 2020/21 Mentoring for Diversity programme will be able to apply to join the programme in future years.
Have another question about the programme? Contact us