TORONTO, April 4 /CNW/ - Catalyst Canada today released its 2006 Census
of Women Corporate Officers and Top Earners in the FP500. While the proportion
of women corporate officers continues to increase, the overall numbers of
women in senior leadership roles has risen less than two sluggish percentage
points across all Catalyst benchmarks since 2002.
"Overall, women remain largely excluded from the key jobs that signal
corporate power and influence, despite comprising nearly half of the Canadian
labour force and more than one third of all management roles," said Deborah
Gillis, Executive Director, Catalyst Canada. In releasing the latest numbers,
Gillis called on corporate Canada to create a business environment where more
women have the opportunity to compete for leadership positions based on their
talent and merit.
Among the 2006 Catalyst Canada Census key findings:
- 5.4 percent of top earners are women, up from 4.5 percent in 2004,
and 3.9 percent in 2002
- Women hold 15.1 percent (830/5505) of all FP500 corporate officer
positions, up from 14.4 percent (770/5347) in 2004 and 14.0 percent
(752/5361) in 2002
- 65.6 percent of FP500 companies have at least one woman corporate
officer, up from 61.4 percent in 2004 and 62.4 percent in 2002
- Women hold 9.9 percent of line officer positions, up from 9.4 percent
in 2004 and 9.0 percent in 2002
- Women hold 7.3 percent of the highest corporate officer titles, up
from 7.1 percent in 2004 and 6.7 percent in 2002
- 39.2 percent of FP500 companies have multiple women corporate
officers, up from 35.6 percent in 2004, and 33.6 percent in 2002
- Women hold 16.2 percent of positions in the "Executive Pipeline," up
from 14.8 percent in 2004, and 12.5 percent in 2002
Visit www.catalyst.org for full findings.
Industries with the highest representation of women corporate officers
include: insurance services (33.3 percent), food distribution (31.0 percent),
life & health insurance (24.8 percent), credit unions (24.4 percent), and
specialty retailing (24.2 percent) and banking (22.4 percent).
More traditional industries with the lowest representation of women
corporate officers include: construction & engineering (8.1 percent), oil &
gas field services (8.0 percent), environmental services (6.3 percent), steel
(6.1 percent), and motor vehicles & parts (5.8 percent).
Despite only marginal progress, Gillis believes that "truly strategic
companies do, in fact, implement initiatives that successfully advance women
as part of their overall business strategies", and pointed to 2007 Catalyst
award winning initiatives at The Goldman Sachs Group, Inc., PepsiCo, Inc.,
PricewaterhouseCoopers LLP, and Scotiabank
(http://www.catalyst.org/award/winners.shtml) as examples of companies whose
actions have ensured notable results in advancing significant number of
talented women into leadership roles.
The Catalyst Census represents a rigorous and precise count of women in
leadership positions in FP500 companies as of June 2, 2006. Catalyst gathers
data from public sources such as annual reports, annual information forms,
proxy statements and government databases. To ensure the accuracy of the data,
Catalyst provides companies with timely opportunities to confirm the accuracy
of their data. In 2006, 467 companies (93.4 percent) verified their data with
Sponsored by American Express Canada (lead sponsor), and participating
sponsors Inco Limited, Linamar Corporation, and McKinsey & Co, the 2006
Catalyst Census of Women Corporate Officers and Top Earners of Canada is the
fourth census of women corporate officers in Canada. Catalyst has been
tracking the progress of women in corporate leadership in Canada since 1999.
Through the Census, Catalyst has established accurate statistics on women's
advancement in the corporate community.
Visit www.catalyst.org for full findings.
Catalyst is the leading research and advisory organization working to
advance women in business, with offices in New York, San Jose, Zug,
Switzerland and Toronto. As an independent, nonprofit membership organization,
Catalyst conducts research on all aspects of women's career advancement and
provides strategic and web-based consulting services on a global basis to help
companies and firms advance women and build inclusive work environments. In
addition, we honor exemplary business initiatives that promote women's
leadership with the annual Catalyst Award.
For further information:
For further information: Claire M. Tallarico, Catalyst Canada, (416)
690-0316; Deborah Gillis, Catalyst Canada, (416) 815-7600 ext 626