The Canadian Securities Administration (CSA) monitors public companies in Canada. They are keeping an eye on gender diversity and report their findings once a year.
The report (which is actually called the Report on Fifth Staff Review of Disclosure Regarding Women on Board and in Executive Officer Positions) noted the following facts:
- 17% of board positions are held by women up from 15% in the prior year
- 73% of the boards had a least one woman and 33% of the board vacancies are being filled by women.
Improvements are being made, but the pace of change is slow. If we improve female participation of the board by 2% a year, then we will need another 17 years to get to 50%. The general population is about 50% female, so the boards should also be 50% female.