Seeking to improve tech company board governance and composition, MassTLC held its inaugural Board-Ready Bootcamp at PwC on April 11th. Designed to increase diversity on tech boards and prepare the next generation of board leaders, the bootcamp initiative provided a high-impact curriculum on board fundamentals, strategy and governance, as well as visibility and connections with people who could help participants on their board journeys.
As part of our mission to accelerate innovation, growth and the development of an inclusive tech ecosystem in Massachusetts, MassTLC benchmarks participation of women and minorities on tech boards year over year at only 12%. The April bootcamp cohort, which consisted of over 50 tech leaders, is comprised of 82% women and 33% leaders of color. While a goal of the bootcamp is to improve diversity on tech boards, the initiative also addresses the growing need of traditional companies seeking board members with both tech expertise and diverse backgrounds.
Bootcamp participants represent senior tech leaders from many of the region’s leading tech companies, including, Agero, Akamai, Allego, athenahealth, Blackboard, Boston Byte, Buildium, Cantina, Carbonite, CarGurus, Curriculum Associates, CVS Health, Edaris Health, Globalization Partners, IBM, Index Data, Iron Mountain, Kronos Incorporated, Kyruus, LogMeIn, ObserveIT, OPEXEngine, OSRAM, Parlance, Pixability, PTC, Rapid7, Swoop.com, Talla, Teradyne, The Grommet, Toast, WordStream, Zipcar, and more. View April 2019 Bootcamp participants.
The bootcamp kicked off with inspirational remarks and a session on board basics, structure, and governance. With this as a foundation, bootcamp participants interacted directly with practitioners about their experiences and how they brought value to the boards on which they sit. The cohort went through mini case studies around leadership and governance and rounded out the day with insights from CEOs on emerging risks, rewards and expectations from their own boards.
The high-impact program wrapped up with an action planning workshop where participants put what they have learned into practice and began positioning themselves to be noticed. Finally, recognizing that visibility and access to the leaders in a position to help is critical, we concluded with an executive networking reception where participants mingled with industry VIPs who could help them on their board journeys.