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.
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."