women on boards – Benefits Canada.com

Meridian focusing on flexibility, mentorship to promote gender equity, female leadership

Sadie Janes — Fri, 19 Apr 2024 13:00:15 +0000

Meridian Credit Union is focusing on flexibility and mentorship to promote gender equity and female leadership in the historically male-dominated financial industry. According to the Canadian Credit Union Association, in 2023, only eight per cent of Fortune 500 chief executive officers were women. However, at Canada’s credit unions, 30 per cent of CEOs/general managers were […]

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Canada lags behind peer countries on female representation in management: report

lbailey — Fri, 08 Mar 2024 20:00:32 +0000

Women in corporate leadership still face barriers, with significant gaps in business ownership, representation and compensation, according to a report by the Canadian Chamber of Commerce. It found Canada lags behind nearly half of its peers in the Organisation for Economic Co-operation and Development in its share of female managers. While women have made strides in the overall […]

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20% of global board positions filled by people from underrepresented groups, ethnicities: report

lbailey — Thu, 29 Feb 2024 14:00:48 +0000

In 2023, a fifth (20 per cent) of board positions across the globe were filled by individuals that belong to historically underrepresented groups or ethnicities, with nearly a third within their first two years of tenure, according to a report by McKinsey & Company. The report, which polled more than 1,200 companies across 23 countries, […]

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Six pension plan members share their perspectives on ESG investing

lbailey — Fri, 14 Apr 2023 12:55:43 +0000

As world markets contend with supply chain issues stemming from climate change, the coronavirus pandemic and Russia’s invasion of Ukraine, environmental, social and governance considerations are slowly taking a more prominent role in pension funds’ risk assessments. In particular, Canadian pension funds are taking a progressive approach to ESG investing. Many have become signatories of […]

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Just a third of Canadian employers have boards with 40% women: report

Sadie Janes — Wed, 08 Mar 2023 14:00:03 +0000

Just 34 per cent of Canadian employers had boards with female representation of 40 per cent or more as of October 2022, according to a new report by MSCI Inc. The report, which analyzed more than 2,800 employers in 18 countries across the Americas and Europe, found more than a third (38 per cent) reported […]

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Ontario Teachers’ focusing on board diversity in proxy voting guidelines

lbailey — Tue, 24 Jan 2023 14:00:39 +0000

The Ontario Teachers’ Pension Plan is setting higher expectations for increased participation of women in board roles at large-cap companies in 2023. The pension fund’s proxy voting guidelines advocate for large-cap companies on developed market indices to increase the number of women directors on their boards to a minimum of 40 per cent, up from […]

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My Take: Employers can do more to shrink gender pay, pension gaps

Sadie Janes — Tue, 03 Jan 2023 14:00:08 +0000

Last October, Ontario’s pay equity office reported Canadian women received an average of 18 per cent less retirement income than men in 2020, which is three per cent higher than the gap observed in 1976, the earliest year for which data is available. How has progress moved backwards in the past 44 years, even though women are […]

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Report finds women hold a quarter of board seats in Canada

Sadie Janes — Wed, 02 Nov 2022 19:00:44 +0000

A quarter (24 per cent) of board seats in Canada are held by women, up two per cent since last year, according to a new report by the Canadian Securities Administrators. The report, which tracked TSX-listed companies and other non-venture issuers subject to the CSA’s disclosure requirements regarding women on boards and in executive officer […]

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World’s largest asset managers’ discretionary AUM up 10.2% in 2021: report

lbailey — Fri, 21 Oct 2022 19:00:37 +0000

The world’s 500 largest asset managers’ total discretionary assets under management increased by 10.2 per cent in 2021, reaching US$131.7 trillion, according to a new report by WTW’s Thinking Ahead Institute. It found North American AUM accounted for more than half (59.9 per cent) of AUM in the top 500 managers, garnering $78.9 trillion by […]

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CPPIB proxy voting policy targeting sustainability, board term lengths and diversity: report

Gideon Scanlon — Thu, 29 Sep 2022 16:00:35 +0000

The Canada Pension Plan Investment Board is warning corporate board directors that any companies failing to consider climate risks, adopting multiple-year term lengths or lacking in female representation won’t receive its support during shareholder votes, according to a new report. “How we select investments and hold management accountable to manage these factors can enhance or erode […]

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