Opinion: Why Ottawa needs to nudge Canada’s boards toward greater diversity
Published on December 13, 2017
Ratna Omidvar and Paul Massicotte
Contributed to the Globe and Mail
This week, the Senate will vote on Bill C-25. The bill proposes to reform the process for electing directors of distributing corporations and co-operatives and modernize communications between corporations and their shareholders. It also requires distributing corporations to provide shareholders, at annual general meetings, information about diversity among directors and senior management.
The goal of the legislation is to increase diversity among corporate boards and among their executive ranks. The intent of the legislation is right. We need more diversity. But the measures proposed are not enough.