Tuesday, October 21st8.8°C
23836

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

22980


Recent Trending




Today's Market
S&P TSX14337.77+110.09
S&P CDNX811.351.22
DJIA16399.6719.26
Nasdaq4316.075+57.637
S&P 5001904.01+17.25
CDN Dollar0.8885+0.0026
Gold1247.60+2.90
Oil81.88+0.50
Lumber330.40-0.50
Natural Gas3.677+0.007

 
Okanagan Companies
Pacific Safety0.10-0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.12+0.01
Cantex0.055-0.025
Anavex Life Sciences0.191+0.001
Metalex Ventures0.050.00
Russel Metals32.28-0.07
Copper Mountain Mining1.99+0.05
Colorado Resources0.15+0.005
ReliaBrand Inc0.0111-0.0019
Sunrise Resources Ltd0.060.00
Mission Ready Services0.450.00

 



20759

FEATURED Property
20925741332 Menu RD
4 bedrooms 4 baths
$628,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Keep it rubber side down

This time of year, I always worry about which friends of mine will get caught going off the road in adverse weather conditions. With a little preparation most accidents can be avoided. Having won the...


Big bank predicts rate hike

Photo: Thinkstock.comThe end of record-low rates is nigh, according to one major bank, which has taken a stance and predicted when the Bank of Canada will raise its long-standing overnight rate. &ldq...


Experts share strategies in Kelowna

The third week in October is “Small Business Week”, a week dedicated to supporting local, small businesses. The week was designed to bring awareness to Canadians about the role small busin...

_








Member of BC Press Council


23691