by Frederick Pinto
Originally published: June 2, 2017
In 2014, the federal government’s Advisory Council for Promoting Women on Boards recommended as a “reasonable national goal” that 30 per cent of corporate board positions be filled by women by 2019, with gender balance being the longer-term aim.
The advisory council reported that only 10.1 per cent of seats on Canadian boards in 2012 were held by women. By 2016, according to data collected by securities regulators across Canada, the number had risen to just 12 per cent.
Fewer than one in six of the 521 board vacancies that year were filled by women, according to Ontario Securities Commission chairwoman and CEO Maureen Jensen.