Andrew MacDougall, John M. Valley, Ramz Aziz, Cory Bettel, Marleigh Dick, Aly Kim, Bradley Lastman, Tiye Traore
Sep 14, 2018
Over the last year, institutional investors, regulators and the media have accelerated their focus on the diversity of board and executive teams in corporate Canada – but are TSX-listed companies responding?
The survey results published in our fourth annual report on diversity disclosure practices are encouraging, but they reveal more work needs to be done at the board level and results at the executive officer level remain disappointing.
Diversity Disclosure Practices 2018 [PDF] provides an updated snapshot on the representation of leadership roles in corporate Canada. Our Corporate Governance Group conducted an extensive review and analysis of diversity disclosure by TSX-listed companies, summarizing results for the full 2017 calendar year as well as for the period from January 1 to July 31, 2018. The report also highlights trends in results for corresponding periods for each year since 2015.
Report findings provide insight into the following areas:
- breakdown and percentages of women on boards for full-year 2017
- breakdown and percentages of women executive officers for full-year 2017
- industry breakdown of women directors for full-year 2017
- diversity policies and targets for full-year 2017
- 2018 mid-year results regarding the number and percentage of women directors and women in executive officer positions by industry
- board policies on diversity and policies related to the nomination and identification of women on boards
- targets for women on boards and in executive officer positions
New this year, the report also includes statistics on the proportion of companies with a female CEO and companies with a female board chair.
The data presented in this report was obtained by surveying public disclosure documents filed by all TSX-listed companies that are subject to National Instrument 58-101 Disclosure of Corporate Governance Practices (NI 58-101), which requires disclosure respecting the representation of women on boards and in executive officer positions.
In addition to our survey results, Diversity Disclosure Practices highlights notable developments over the past 12 months affecting gender diversity both in Canada and internationally, and offers some examples of best practices for improving gender diversity among boards and executive teams.
DOWNLOAD PDF: 2018 Diversity Disclosure Practices