Progress Report - Women on Boards and in Executive Officer Positions

Canadian Securities Administrators | December 04, 2018

On September 27, 2018, the Canadian Securities Administrators published its fourth annual staff review of disclosure regarding women on boards and in executive officer positions. Since its last report in 2017, progress has been made, but at a slow pace. 

The following key trends were observed:

  • The total percentage of board seats held by women increased from 14% to 15%
  • 29% of board vacancies were filled by women in the most recent year, compared to 26% last year
  • 42% of companies have adopted a policy relating to the representation of women on their board, an almost three-fold increase from year one
  • Two thirds of sample companies have at least one woman in executive officer positions
  • 4% of issuers adopted targets for the representation of women in executive officer positions
  • 4% of issuers had a female CEO 
    • 14% of issuers had a female CFO

RESPONSES

In September 2017, public company investors and members of the 30% Club Investor Group published a Statement of Intent to help drive meaningful progress on gender diversity across the country’s offices and boardrooms.

Today, the Investor Group is renewing calls and doubling down on efforts to reach 30% representation of women on the boards and executive management teams of S&P/TSX composite index companies by 2022, through both individual and collective engagement activities.

WCM is a 30% Club Canada partner: helping to champion meaningful, sustainable change in the gender balance of boards and leadership.

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