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ARTICLE · 12 JUNE 2013

Gender Diversity: Women On Boards

Borden Ladner Gervais LLP
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Ontario Premier Kathleen Wynne and her Liberal government's 2013 budget signalled their intention to initiate policies to increase gender diversity on the boards of directors of public companies.

CanadaCorporate/Commercial Law

Ontario Premier Kathleen Wynne and her Liberal government's 2013 budget signalled their intention to initiate policies to increase gender diversity on the boards of directors of public companies. More recently, in an interview with the Globe and Mail, Laurel Broten (Ontario's Minister Responsible for Women's Issues) confirmed that the Ontario government and the Ontario Securities Commission (OSC), plan to motivate public companies to set goals for increasing the number of women in roles such as corporate directors and senior management.

It is time for action. According to the March 2013 TD Economics Report1 (TD), women only make up 11% of board members for Canadian companies listed on the S&P/ TSX Composite Index. Canada is not making progress and as a result, continues to fall behind other countries.

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