Are You Advancing Your Board Diversity Mandate?

By |2016-05-12T10:38:52-04:00May 10th, 2016|Change|0 Comments

It still surprises me that in the 21st century Canada’s boardrooms are not more diverse. In fact, I often get asked to consider a board opportunity because the company is looking to add diversity to their board. As of January 2015, the Ontario Securities Commission’s (OSC) implemented disclosure rules for TSX-listed companies to "comply or explain" in regards to their board diversity. It is hopeful that this will lead to positive changes ahead in how corporate boards recruit new board members. Be an Agent of Change As a corporate director, I believe that the OSC “comply or explain” disclosure rules present an opportunity to build stronger boards through change. There is research to support that more women on boards brings better financial performance including higher return on sales and better [...]