Navigating Gender Diversity In 2019

Author:Ms Jennifer Longhurst, Patricia L. Olasker, Aaron J. Atkinson, Franziska Ruf and Jeffrey Nadler
Profession:Davies Ward Phillips & Vineberg

Canadian public companies remain under sustained pressure to improve gender diversity. In this chapter, we provide a snapshot of the current state of gender diversity among Canadian public companies, which reveals meaningful progress on a number of diversity-related metrics. We also explore how institutional investors continue to incorporate diversity-related guidelines into their voting decisions; with increased investor attention on promoting gender diversity, in 2019, for the first time in Canada, a majority of investors voted in favour of a shareholder proposal relating to gender diversity. We also discuss the ever-expanding framework of gender diversity-requirements and guidelines from corporate and securities regulators, the Toronto Stock Exchange, proxy advisers...

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