Wednesday, October 1st15.3°C
22738
22642

Corporate Canada should aim to have 30 per cent of women on boards: Ottawa

A federal advisory group says Canadian companies should aim to have 30 per cent of their boards made up of women by the end of the decade.

The report, titled Good for Business: A Plan to Promote More Women on Canadian Boards, believes the 30 per cent figure can be achieved by 2019 en route to a longer-term goal of full gender balance.

The report, by the ad hoc federal Advisory Council for women on boards, also recommends that publicly traded companies put in place "comply and explain" policies that would set internal goals on how to achieve gender balance as well as provide annual updates on their progress.

According to statistics in the report, women held 15.9 per cent of seats on the boards of the country's 500 largest public and private companies as of 2012. It noted that in the public sector, women represent 31 per cent of positions appointed by the governor in council, including those to Crown corporations and government agencies.

The representation of women on boards has been a hot-topic for the past few years. In January, the Ontario Securities Commission proposed that all publicly listed businesses be required to disclose targets for the number of women in high-ranking positions as directors and executive officers on their boards, reveal how they search and select candidates and how they decide who to hire.

However, the OSC shied away from suggesting hard quotes, which some observers said was the only way to force change. Others argued that a quota system would force the promotion of unqualified candidates solely to meet gender requirements.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX14804.10-156.41
S&P CDNX902.46-6.83
DJIA16806.86-236.04
Nasdaq4420.375-73.016
S&P 5001947.71-24.58
CDN Dollar0.8948+0.0018
Gold1214.80+3.2001
Oil90.32+0.56
Lumber342.00+9.10
Natural Gas4.088-0.033

 
Okanagan Companies
Pacific Safety0.15+0.02
Knighthawk0.01-0.005
QHR Technologies Inc1.25-0.01
Cantex0.065-0.025
Anavex Life Sciences0.1804-0.0036
Metalex Ventures0.0550.00
Russel Metals34.39-0.18
Copper Mountain Mining2.35-0.07
Colorado Resources0.16-0.005
ReliaBrand Inc0.019-0.001
Sunrise Resources Ltd0.065+0.045
Mission Ready Services0.31-0.01

 





FEATURED Property
1799753522 - 3880 Truswell Road, Kelowna, bC
3 bedrooms 4 baths
$775,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Power-save your way to a down payment

Part 2 of 2 to read Part 1, click here. 5. Dial down your vacations. New York is out. Maybe Buffalo. For West coast, maybe Seattle instead of Hawaii. Use sites like Airbnb (aribnb.ca) to find ch...


A wildly successful manufacturer

Niche food producer “Sweets from the Earth” thrives using innovation, uniqueness and an unwavering focus on quality. A neighbour’s stew turned Ilana Kadonoff off meat at the age of s...


Finding the smart money

Recently I had the privilege of working alongside André Voskuil, a local guru in the world of Alternative Financing. André has quite the reputation in the world of direct investments as ...

_





23545


Member of BC Press Council


23391