France achieved gender balance on boards. Can Canada do the same? [Toronto Globe and Mail (Ontario, Canada)]
Bank Nova Scotia Halifax Pfd 3 Ordinary Shares (BNS)
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Source: Toronto Globe and Mail
France achieved gender balance on boards. Can Canada do the same? France has achieved gender balance on its boards. It’s not a miracle. It’s legislation. In 211, the government set a requirement for a 4-per-cent minimum of either gender within six years on boards at large companies. In Canada, of course, we don’t go in for such heavy-handed government machinations. That’s why we’re at 16.4-per-cent female board members in Toronto Stock Exchange companies, according to Catalyst, which pushes for the advancement of women in business. In 216, Statistics Canada found that more than half our companies – 56.8 per cent – had boards of directors composed entirely of men. That won’t change unless we legislate. We have been talking about gender balance for decades and the needle barely moves. Story continues below advertisement Will companies fall apart if we try equality because unqualified women will be replacing qualified men on boards? Columbia University business professor Tomas Chamorro-P
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