U.S. Markets closed

The Conference Board of Canada asks: Do disclosure requirements increase women’s representation on corporate boards?

Ottawa, ON, Feb. 11, 2020 (GLOBE NEWSWIRE) -- (Globe Newswire) OTTAWA, FEBRUARY 11, 2020 – Board seats are some of the most influential positions in the corporate world. While there has been an increase of women in leadership roles in recent years, women’s representation on boards remains low.

The Conference Board of Canada launches a new research project to help answer why Canada missed its national target of 30 per cent women on boards by 2019 and how advancements are otherwise made in women’s representation.

All on Board – Turning Evidence into Action for Women’s Leadership aims to fill the knowledge gap. This is an important and unique study that looks at the drivers of change for women’s representation on boards. Specifically, the research will look at the effectiveness of the 2014 Canadian Securities Administrators “comply or explain” disclosure requirement for women’s representation on corporate boards between 2015-2019. Findings of this research will be released later in the spring.

“It’s important to know whether different policies and regulations actually make a difference in giving a voice to more people of different backgrounds and identities,” says Dr. Maria Giammarco, Senior Research Associate at The Conference Board of Canada. “This project is an opportunity to look at how behaviour – whether people’s behaviour or organizational behaviour – can change for the better. One important step in answering bigger questions around diversity and inclusion is to understand what works for women’s leadership.”

“The comply or explain approach is a nudge in the right direction, but the path to leadership and a seat at the board table is a complex journey,” says Dr. Susan Black, CEO of The Conference Board of Canada. “To see real change, individuals and organizations have to be intentional in their efforts to increase representation of women and other equity groups in leadership. It’s about recognizing the biases that exist in corporate structure, operations, and individual human behaviour and being accountable for the changes that need to happen at these levels” explains Black. “This research will produce evidence, an anchor to inform those conversations, policies, and practices to inform change.”

Visit our research landing page to learn more about the challenge, why it matters, what questions will be addressed, and what’s next.

The Conference Board of Canada also assembled a Research Advisory Board comprising external experts to inform its work throughout the process, and to ensure the research meets the highest standards for relevance, rigour and impact. Members are:

  • Beata Caranci, Chief Economist & Senior Vice-President of TD Bank Group
  • Dr. Beatrix Dart, Professor and Executive Director of the Initiative for Women in Business, Rotman School, University of Toronto
  • Andrew MacDougall, Partner (Corporate), Osler, Hoskin & Harcourt LLP
  • Dr. Sylvia Fuller, Professor, University of British Columbia
  • Catherine McCall, Executive Director, Canadian Coalition for Good Governance
  • Kristine Remedios, Chief Inclusion and Social Impact Officer, KPMG Canada

The project All on Board – Turning Evidence into Action for Women’s Leadership is supported by KPMG in Canada and S&P Global Market Intelligence.

-30-

 

About the Conference Board of Canada

The Conference Board of Canada is Canada’s foremost independent, non-partisan, and evidenced-based applied research organization.  We equip leaders and decision-makers with the economic reports, custom research, data, networks and events they need to solve our country’s most pressing challenges. Our focus areas include Canadian Economics, Energy & Environment, Innovation & Technology, Immigration and more. We stand at the intersection of research and policy, where insights meet impact.

Follow The Conference Board of Canada on Twitter @ConfBoardofCda

 

Corporate Communications
The Conference Board of Canada
1-866-242-0075
corpcomm@conferenceboard.ca

  • Business
    Fox Business

    Want to become a Chick-fil-A operator? Here's how much it costs

    How much does it cost to open your own Chick-fil-A franchise? Proof that you're a self-starter with a good personal finance track record -- and $10,000. Chick-fil-A, the nation's top fast-food chain, relies on a franchise business model.

  • How not to steal $1.5 million: Inside an Instagram influencer’s alleged debit card scam
    U.S.
    Quartz

    How not to steal $1.5 million: Inside an Instagram influencer’s alleged debit card scam

    Postal inspectors identified the bank accounts into which the stolen USPS money orders were deposited. One of them belonged to a Barrington, New Jersey resident identified in court filings only as “J.K.” Two of the money orders had been deposited into J.K.'s two accounts at PNC Bank, both for $995. In an interview with Postal Service criminal agents, J.K. said they had responded to a posting by an Instagram user named “Kayg0ldi.

  • Roku, Inc. Just Released Its Yearly Results And Analysts Are Updating Their Estimates
    Business
    Simply Wall St.

    Roku, Inc. Just Released Its Yearly Results And Analysts Are Updating Their Estimates

    Revenues came in at US$1.1b, in line with forecasts and the company reported a statutory loss of US$0.52 per share, roughly in line with expectations. Following the result, analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. So we gathered the latest post-earnings forecasts to see what analysts' statutory forecasts suggest is in store for next year.

  • If you could buy only one stock for 5G and artificial intelligence, this would be it
    Business
    MarketWatch

    If you could buy only one stock for 5G and artificial intelligence, this would be it

    The chart Please click here for an annotated chart of Applied Materials Inc. s (AMAT) stock. Note the following: • 5G and artificial intelligence are huge users of semiconductors.

  • Mexican Activists Protest After Gruesome Killing of Woman, Publication of 'Horrific' Crime Scene Photos
    U.S.
    Meredith Videos

    Mexican Activists Protest After Gruesome Killing of Woman, Publication of 'Horrific' Crime Scene Photos

    Angry demonstrations broke out in Mexico City on Friday as hundreds of women raged against the gruesome slaying and mutilation of a young woman, a case that has come to personify frustration over the rising incidence of gender-related killings.

  • Dow Jones Futures: Walmart Earnings Due, 3 IPOs Near Buys; Warren Buffett Stock Set To Break Out
    Business
    Investor's Business Daily

    Dow Jones Futures: Walmart Earnings Due, 3 IPOs Near Buys; Warren Buffett Stock Set To Break Out

    Dow Jones futures rose modestly Monday morning, along with S&P 500 futures and Nasdaq futures, after the stock market rally kept running last week. Walmart, Medtronic and InMode report earnings Tuesday. InMode stock and fellow IPO stocks Progyny and Ping Identity are setting up again.

  • News
    Barrons.com

    The Secure Act Requires Your 401(k) Statement to Show Monthly Retirement Income. You Could Be in for a Surprise.

    Translating the nebulous balance on a 401(k) statement into an estimated monthly income in retirement can be challenging, leaving workers unsure whether they're on the right track or need to step up their contributions. A small provision in the Secure Act, signed into law in December to help Americans save for retirement, aims to remove some of that uncertainty. The law requires employers offering 401(k) plans and similar plans to show employees not just the total balance in their account but also a projected monthly income in retirement based on that balance.

  • Business
    Barrons.com

    The Stock Market Is Up About 5% Through Presidents Day. Here’s What Happens Next.

    The average S&P return from the beginning of the year through Valentine's Day over the past 40-plus years is close to 2%. Stocks, for one thing, are a little expensive. Does a good start paired with high valuation mean stocks stagnate from here, drop significantly or keep going up?

  • Huawei Scare Pushes Carriers to Tackle Dominance of 5G Suppliers
    Business
    Bloomberg

    Huawei Scare Pushes Carriers to Tackle Dominance of 5G Suppliers

    Companies including Deutsche Telekom AG and Vodafone Group Plc have decided to combine separate projects to develop a more standardized, flexible network architecture that would make it easier for carriers to use products from multiple vendors, according to people familiar with the matter. Under the plans, the O-RAN industry alliance, backed by Deutsche Telekom and AT&T Inc. among others, will align its work with the Telecom Infra Project, which was started by Facebook Inc.

  • What do the world’s most successful people do when it’s time to retire?
    Business
    MarketWatch

    What do the world’s most successful people do when it’s time to retire?

    When Thomas Schreier Jr. graduated from the University of Notre Dame more than three decades ago, he never envisioned that in his late 50s he'd be teaching a class there called Designing an Inspired Life and regularly walking the South Bend, Ind., campus as the founding director of the university's Inspired Leadership Initiative. The initiative, now in its second year, consists of 15 accomplished individuals who have wrapped up two or three decades in successful careers and are eager to devote an academic year to studies at Notre Dame. Notre Dame's joins similar programs at prominent institutions pioneering this concept: the Stanford Distinguished Careers Institute, operated in partnership with the Stanford Center on Longevity, and Harvard's Advanced Leadership Initiative, a yearlong program for corporate executives and professionals interested in applying their skills to social problems.

  • Business
    Barrons.com

    Tennessee’s Treasury Sold GE, GM, and Verizon Stock. Here’s What It Bought.

    The Tennessee Department of Treasury made some big changes in its stock investments in the last quarter of 2019. The department, which manages all of the state's investments, including its pension fund, reduced investments in (GE) (ticker: GE), General Motors (GM) and (VZ) Communications stock (VZ) in the fourth quarter. Tennessee's treasury also bought more (WMT) stock (WMT).

  • Kroger stock soars after Buffett’s investment
    Business
    American City Business Journals

    Kroger stock soars after Buffett’s investment

    Kroger Co.'s stock soared in after-hours trading Friday following the disclosure that famed investor Warren Buffett's Berkshire Hathaway conglomerate has made a huge investment in the supermarket giant's stock. Omaha, Neb.-based conglomerate Berkshire Hathaway bought a new position of 18.9 million shares of Kroger (NYSE: KR) stock during the fourth quarter, according to a Securities and Exchange Commission filing late Friday.

  • 2 “Strong Buy” Healthcare Stocks with Over 100% Upside Potential
    Business
    TipRanks

    2 “Strong Buy” Healthcare Stocks with Over 100% Upside Potential

    Naturally, the research should include what the pros on the Street think about a company's long-term growth narrative. Using TipRanks' Stock Screener, we've dug up two healthcare stocks that look especially promising. While each one is unique, the tickers have two things in common: all have room for upside of more than 100%, and what's more, each one currently boasts a “Strong Buy” consensus rating from the Street.

  • China Says Coronavirus Cases Rise to 70,548, Deaths Hit 1,770
    World
    Bloomberg

    China Says Coronavirus Cases Rise to 70,548, Deaths Hit 1,770

    China said the death toll from the coronavirus rose to 1,770, while the province at the epicenter of the outbreak reported 1,933 new cases. Meanwhile, Hong Kong is facing “tsunami-like” shocks, and may incur a record budget deficit in the next fiscal year as the city counts the costs of the coronavirus outbreak after months of social unrest, Financial Secretary Paul Chan said. Tom Mackenzie and Yvonne Man report on "Bloomberg Markets: China Open."

  • Investors Who Bought Advanced Micro Devices (NASDAQ:AMD) Shares Five Years Ago Are Now Up 1708%
    Business
    Simply Wall St.

    Investors Who Bought Advanced Micro Devices (NASDAQ:AMD) Shares Five Years Ago Are Now Up 1708%

    Long term investing can be life changing when you buy and hold the truly great businesses. If that doesn't get you thinking about long term investing, we don't know what will. It's also good to see the share price up 39% over the last quarter.

  • Here’s how one ‘black swan’ investor is protecting his $5 billion fund against a market crash that ‘won’t be pretty’
    Business
    MarketWatch

    Here’s how one ‘black swan’ investor is protecting his $5 billion fund against a market crash that ‘won’t be pretty’

    “Really explosive downside protection is really the only risk mitigation that's able to move the needle for people, because it's the only risk mitigation that doesn't cost you as you are waiting for it to happen,” Spitznagel said. In other words, his fund provides crash insurance so his clients can take on more “systemic risk” with their other investments. Spitznagel, a former trader, is a protégé of Nassim Nicholas Taleb, the author of the 2007 bestseller, “The Black Swan,” which is a metaphor used to describe unpredictable, highly disruptive events — the kind that could blow up markets.

  • Amazon.com, Inc. (NASDAQ:AMZN) Is Employing Capital Very Effectively
    Business
    Simply Wall St.

    Amazon.com, Inc. (NASDAQ:AMZN) Is Employing Capital Very Effectively

    Today we are going to look at Amazon.com, Inc. (NASDAQ:AMZN) to see whether it might be an attractive investment prospect. Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. Firstly, we'll go over how we calculate ROCE.

  • Earnings Update: Here's Why Analysts Just Lifted Their Sierra Wireless, Inc. Price Target To US$14.00
    Business
    Simply Wall St.

    Earnings Update: Here's Why Analysts Just Lifted Their Sierra Wireless, Inc. Price Target To US$14.00

    Last week, you might have seen that Sierra Wireless, Inc. (TSE:SW) released its annual result to the market. Sierra Wireless reported revenues of US$714m, in line with expectations, but it unfortunately also reported (statutory) losses of US$1.95 per share, which were slightly larger than expected. Following the recent earnings report, the consensus fromten analysts covering Sierra Wireless expects revenues of US$697.3m in 2020, implying a noticeable 2.3% decline in sales compared to the last 12 months.

  • Pete the Planner: I owe $15K on my credit cards at 69 and haven't told my husband. What now?
    News
    USA TODAY

    Pete the Planner: I owe $15K on my credit cards at 69 and haven't told my husband. What now?

    Generally, a person can make a bet like you made when they have plenty of cash flow or plenty of savings. Again, I'm confident this was your scenario, because if this was about an involuntary emergency, your husband would be in the know. If you're able to solve the debt problem, you need to ensure you never make this same mistake again.

  • Best Tech Stocks To Buy And Watch Now: 5 Top Stocks Leading The Market
    Business
    Investor's Business Daily

    Best Tech Stocks To Buy And Watch Now: 5 Top Stocks Leading The Market

    Top tech stocks now include four stocks in the software sector — Square, Atlassian, Fortinet and Coupa Software — as well as chip stock Inphi. Inphi is a member of Leaderboard. Finding The Best Tech Stocks To Buy And Watch Screening for the best tech stocks to buy and watch is as easy as looking at the MarketSmith Growth 250, a daily screen of high-quality stocks.

  • U.S. weighs blocking GE engine sales for China's new airplane - sources
    Business
    Reuters

    U.S. weighs blocking GE engine sales for China's new airplane - sources

    The potential restriction on the engine sales - possibly along with limits on other components for Chinese commercial aircraft such as flight control systems made by Honeywell International Inc - is the latest move in the battle between the world's two largest economies over trade and technology. The issue is expected to come up at an interagency meeting about how strictly to limit exports of U.S. technology to China on Thursday and at another meeting with members of President Donald Trump's Cabinet set for Feb. 28, sources said. The White House and the U.S. Commerce Department, which issues licenses for such exports, declined to comment, as did a GE spokeswoman.

  • World
    Financial Times

    Coronavirus fears force China into mass chicken cull

    China is to begin importing live chickens from the US as feed shortages due to the coronavirus force poultry farms in the world's second-biggest economy to start culling millions of young birds. The culling of poultry follows the mass slaughter of pigs in China due to African swine fever over the past year and threatens to worsen a protein shortage in the country that has sparked rising inflation and soaring meat prices. “There is no question China's chicken population will fall sharply in the coming months,” said Qiu Cong of Jinghai Poultry Industry Group, a leading chicken producer.

  • Business
    Benzinga

    Barron's Picks And Pans: Berkshire Hathaway, Bitcoin, Roku And More

    This weekend's Barron's cover story explores what comes next for the empire that Warren Buffet built. Other featured articles present the annual ranking of top fund families, examine regulatory issues at tech giants and review the performance of former Dividend Aristocrats. Cover story "Inside Berkshire Hathaway's Future Without Warren Buffett" by Andrew Bary makes a case that as the Oracle of Omaha turns 90 this year, the company he built, Berkshire Hathaway Inc. (NASDAQ: BRK-A), could be in for a stock-boosting makeover.

  • World
    Bloomberg

    Seized Oil Cargo Is Latest Twist in Venezuela’s Political Fight

    Citgo Petroleum Corp., led by appointees of Venezuelan opposition leader Juan Guaido, was weighing filing an insurance claim last week for theft after a tanker holding almost 1 million barrels of oil was seized by Venezuela, according to a person familiar with the matter. The contested oil, purchased by Citgo and loaded on the tanker Gerd Knutsen, floated offshore Venezuela for more than a year. In December, a shadow board of Citgo directors chosen by President Nicolas Maduro attempted to seize the cargo but was blocked by a U.S. court.

  • US manufacturing jobs are not in demand any longer: Farmgirl Flowers CEO on moving jobs to Ecuador
    Business
    Yahoo Finance

    US manufacturing jobs are not in demand any longer: Farmgirl Flowers CEO on moving jobs to Ecuador

    Last year, Farmgirl Flowers had a hiring problem. The e-commerce flower delivery startup struggled to find people to fill open positions at its flagship distribution center in San Francisco. Farmgirl Flowers, a bootstrapped startup with more than 160 employees, delivers between 6,000 to 8,000 bouquets across 48 states in a typical week and brought in more than $30 million in revenue last year.