CBC Newsworld | Diversity in the Financial Sector

CBC On The Money | June 26, 2017

A few other countries have had better luck with female participation on boards - Norway being the first European country to introduce a mandate outlining that all boards must be comprised of 40% female. Australia and even the U.S. are improving this issue at a reasonable rate. What is Canada doing?

"The sad reality is that gender diversity on boards has not changed. To put things into perspective - last year the number of women on boards went from 11% to 12%... At this rate, we won't be seeing change for a long time that even our kids won't be able to see parity. We need to move faster and targets need to be introduced. For every business objective, we always have targets - that's how we operate businesses. In terms of disclosure, the added thing that needs to be layered in is not: do you have a policy? If you don't explain. But: HAVE a policy. You must have a policy, you must have targets and they must be public. That's real transparency." - Jennifer Reynolds, President and CEO, Women in Capital Markets.

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