Senators push for stronger legislation for boosting diversity on boards
Joanna Smith, The Canadian Press
Published Wednesday, January 31, 2018
OTTAWA — The Liberals should toughen up proposed legislation aimed at boosting diversity on corporate boards at publicly traded companies if they want it to be effective, says a group of senators pushing for the change.
“We want it to mean something,” said Sen. Ratna Omidvar, who was named to the upper chamber in 2016 by Prime Minister Justin Trudeau and represents Ontario as an Independent.
Senators are expected this week to debate Bill C-25, which would, among other things, amend the Canadian Business Corporations Act to require publicly traded companies to disclose the number of women — and others from equity-seeking groups, such as visible minorities — on their corporate boards and in senior management, as well as their policies on diversity.