TORONTO, Dec. 9, 2014 /CNW/ - The Canadian Centre for Ethics and Corporate Policy (EthicsCentre) looks into the ethical and business imperatives for improving diversity on Canadian boards.
Who: Cathy Gallagher-Louisy, Director, Community Partnerships and Knowledge Services, Canadian Institute of Diversity and Inclusion
When: Wednesday, December 10, 7:45 am – 9:30 am
Where: McCarthy Tétrault , Suite 5300, TD Bank Tower, Toronto Dominion Centre, 66 Wellington Street West, Toronto
What: Board diversity has become a hot topic of late, with some jurisdictions around the world implementing aggressive and controversial approaches to address the issue.
Here in Canada, a recent survey found 76% of FP500 board members reported that they felt their board is diverse. Yet, the Canadian Board Diversity Council's research showed that in 2013 women held only 15.6% of FP500 board seats and board representation for other under-represented demographics was even more dismal.
In the past 12 years, the representation of women on FP500 boards has improved by only 4.7 percent. Not 4.7% per year, but 4.7% total in 12 years. The benefits of board diversity are numerous. Studies have shown that having more diversity on corporate boards is directly correlated with increased financial returns for the corporation, among other important performance drivers, and a recent study from the University of Calgary found that having three or more women on the board leads to improved sustainability performance.
This presentation will examine both the ethical and business imperative for improving Board Diversity in Canada, and will engage participants in a discussion on how best to address the challenge.
NON MEMBERS: $15
SOURCE: Canadian Centre for Ethics & Corporate Policy
For further information: Register: on-line: www.ethicscentre.ca or email [email protected]