Institutional investors are pressing companies to add women to their boards of directors, and the numbers show the pressure is working.
For companies in the S&P/TSX 60 Index, Osler said, women held about 33 per cent of board seats in 2021, up about 1.7 percentage points from 2020. Institutional Shareholder Services began recommending against votes for the chair of the nominating committee of companies in the roughly 240-member S&P/TSX Composite Index if they did not have at least 30 per cent women directors or did not have a board diversity policy that includes a 30 per cent target in a reasonable time frame.
CPPIB says that so far in 2022, it has voted against 357 companies globally, including 15 in Canada, on matters of board gender diversity.
Lol… by gender or by qualifications? Creating a monster ha…..!
Meanwhile