The Corporate Climb: Stalled Progress for Women in Canadian C-Suites

Canadian Press | July 31, 2018

TORONTO — None of Canada’s TSX 60 companies were headed by a woman and two-thirds did not include a single woman among top earners during their latest fiscal year, reveals a Canadian Press analysis of corporate Canada’s highest ranks.

Despite pressure to improve gender equality in Canadian workplaces — and a myriad of initiatives and corporate pledges to boost female representation — top-earning women continue to be paid less than their male counterparts, while the number holding the powerful management roles of chief executive officer and chief financial officer has shrunk compared to five years ago.

Among the companies on the TSX 60 index, a cross-section of the largest and most heavily-traded Canadian stocks, none listed a woman as its chief executive officer in its most recent compensation disclosure. Just three had a woman as CFO. That compared to one CEO and eight CFOs in 2012.

Less than eight per cent of the top paid management roles were held by women.

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