The following data from a recent Globe & Mail article shows progress but very slow progress in the number of women on Canadian Boards.
There are a staggering percentage of companies – specifically in industries like energy, materials, and consumer discretionary – without a single women in a board seat. The consumer discretionary numbers baffle me as many believe that women control the majority of a households discretionary spending. You would think – at a minimum – that a women’s perspective might be valuable for these companies to have on their board.
The good news is that companies are slowly moving into this century and adding women to their boards. The companies (on the S&P / TSX) with zero female board members has decreased from 43% to 32% since 2010. Slow progress, but progress nonetheless. Read more in the Globe.
Until Next Time.
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