The Globe and Mail reports in its Thursday, Oct. 5, edition that the commotion at Laurentian Bank makes for lurid reading. The Globe's guest columnist Allan Hutchinson writes that what is happening at Laurentian offers a shadowed window into the otherwise veiled world of Canadian corporate governance. Chief executive officer Rania Llewellyn was ousted last weekend after two years. This fit with the circumstances of her appointment. The previous long-serving CEO left unexpectedly and quickly. There was much fanfare at her appointment. The pride and glow of her appointment, however, soon faded. While it is reasonable that a business must emphasize its bottom line, Ms. Llewellyn's ouster shows that, for all the trumpet blasts, diversity was clearly less even a secondary goal of the bank, but more window dressing. Women still only account for around 5 per cent of executives at large Canadian companies. Moreover, they seem to be more easily dismissed when the economic going gets tough. Men have done worse jobs and stayed longer. This ouster of Ms. Llewellyn makes a travesty of any suggestion that diversity is a genuine or significant ambition of Canadian companies.