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Catalyst joins effort to increase women on Canadian boards

Wednesday, April 10, 2013   (0 Comments)
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Catalyst is partnering with the Canadian government to increase the presence of women in boardrooms, according to the organization, which advocates for women and business.

Catalyst’s participation on the Canada Advisory Council for Promoting Women on Boards follows the Catalyst Accord, the organization’s 2012 call to action for Canadian corporations to increase the proportion of Canada's Financial Post 500 board seats from 14.5 percent (as of 2011) to 25 percent by the year 2017.

According to Catalyst research, increasing women’s representation in business leadership leads to better financial outcomes, on average, and innovation that is, in part, driven by gender-diverse leadership.

"The evidence is clear — having more women on corporate boards is good for business and good for the economy,” said Status of Women Minister Rona Ambrose. "Our government's number-one priority is the economy. I am so pleased to partner with Catalyst on this advisory council, which will bring forward targeted, action-oriented recommendations to increase the participation of women on corporate boards.”

Currently, women represent only 5.7 percent of the Canada's CEOs and only 6.9 percent of the country's top earners.

"Canada needs to stay competitive in a global economy,” said Alex Johnston, executive director of Catalyst Canada. "Currently, we are falling behind as other countries are moving ahead to increase the number of women on boards."


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