Women On Boards: CSA Reports Marginal Progress And Some Setbacks

According to a recent Canadian Securities Administrators (CSA) report, gender diversity on boards is improving but continues to face hurdles. For the 10th year in a row, the proportion of board seats women hold at public companies in Canada has slightly increased. In contrast, the proportion of companies with three or more women on their boards markedly increased. Many of the other key trends identified by the CSA were relatively flat year-over-year, and the proportion of board vacancies filled by women and the proportion of chief financial officer positions held by women slightly declined.

For more information, see CSA Multilateral Staff Notice 58-317 Review of Disclosure Regarding Women on Boards and in Executive Officer Positions (Year 10 Report) (Notice). For the CSA's prior year review, see our October 2023 Blakes Bulletin: CSA Reports Mostly Positive Trends in Representation of Women on Boards.