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Van Sun/CP say OSC hears women still underrepresented

2019-05-08 06:56 ET - In the News

The Vancouver Sun reports in its Wednesday edition that women filled 19.4 per cent of the seats on corporate boards of directors across public, government and private organizations, while more than half of all boards were composed entirely of men, according to a new study by Statistics Canada. A Canadian Press dispatch to The Sun says that using 2016 data collected from more than 12,700 companies, Statscan found that 28 per cent of the boards had just one woman and 15.2 per cent had more than one woman, but 56.8 per cent of the boards had no women at all. This report provided the first comprehensive look across all types of companies including estimates for private firms and government enterprises as well. The stats are "dismaying," said Tanya van Biesen at Catalyst Canada. "When you consider that for 20-plus years in this country, 57, 58 per cent of university graduates have been women, it is shocking. Can't we do better?" Ms. van Biesen said. Reports using more recent data, however, show that the proportion of women on boards is improving, albeit slowly. The Canadian Securities Administrators says that 15 per cent of board seats were held by women, but 66 per cent of issuers had at least one woman on their board.

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