StatCan Finds Just 19.4 Per Cent of Board Directors are Women

By Josh Rubin | The Star | May 08, 2019

On Tuesday, Statistics Canada issued its first ever comprehensive report looking at the representation of women on corporate boards. It found that just 19.4 per cent of corporate board members in this country are women, and that 57 per cent of boards in Canada didn’t include a single woman.

The cause, according to diversity advocates? A male-dominated corporate culture, antiquated hiring practices and culturally-ingrained perceptions of what makes a good leader. The resulting lack of diversity means Canadian companies are losing out on greater profits, those advocates say.

“The perception is that we’ve made such great progress. But it’s just not the reality,” said Camilla Sutton, CEO of Women in Capital Markets, a group devoted to expanding the number of women in the financial industry in Canada. “It’s discouraging, because the perception is very different from the reality.”

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What is your reaction to the fact that the 61st session of the Commission on the Status of Women will be chaired by a man?