Close filter
Board Advisory Services

CBC News – How Canada Stacks Up on Women's Representation on Corporate Boards

Progress is slow without concrete steps like term limits on directorships, experts say.

  • May 2019

Canada's worldwide reputation for gender equality is not reflected in its corporate boards, experts say. Data released last week by Statistics Canada showed that less than 20 percent of board directorships in Canada were held by women in 2016 (the most recent year for which data is available), putting Canada well behind the global leaders.

According to Egon Zehnder's 2018 Global Diversity Trackerwhich analyzed 1,610 publicly traded companies with a market cap of $10.5 billion Cdn or greater, Australia, Belgium, France, Norway, Sweden, Italy and Finland all average more than 30 percent female directors.

To reach these numbers, quotas have been successful in countries like Norway, but they aren't always the answer. Australia, for instance, has been successful at improving female representation without having a hard quota, said Pamela Warren, a partner at Egon Zehnder and an expert in chief executive succession and board recruitment. While not the leader, Warren notes that Canada isn't that far behind the global diversity leaders. That's true in certain areas.

Business law firm Osler analyzed how TSX-listed companies in Canada compare in promoting women in leadership roles. Its 2018 Diversity Disclosure Practices report found that women hold 28.4 percent of the board seats for S&P/TSX 60 companies, compared to 26 percent of seats the year before.



Full Story: How Canada stacks up on women's representation on corporate boards. By Melissa Bennardo. 14, May 2019.


Topics Related to this Article

Changing language
Close icon

You are switching to an alternate language version of the Egon Zehnder website. The page you are currently on does not have a translated version. If you continue, you will be taken to the alternate language home page.

Continue to the website

Back to top