Resources: Blog Post

  
February 19, 2015

How diverse is your board?

Beverly-Behan

At SCNetwork’s event last week, we looked at some of the outcomes for publicly traded companies that are now required to disclose their targets for promoting women to board and executive officer positions.

Our first speaker, Beverly Behan, founder of Board Advisor, said Canadian companies are now faced with two options:

  • Try a boilerplate solution
  • Capitalize on the opportunity

“The OSC’s diversity policy opens the door to address and refresh the board and I would urge Canadian companies to take this as a wonderful opportunity,” Beverly said. “The female talent pool for Canadian boards is jaw-dropping. There’s no need to settle.”

Our second speaker was Maureen Jensen, executive director and chief administrative officer of the Ontario Securities Commission (OSC) – the organization that initially recommended the policy change. Maureen told us the OSC is proud of the role it played in implementing the new regulation and that it is taking the next step seriously:

“Our job now will be to compile what (information) we get and look at it for compliance. We will talk to companies that are not in compliance,” she said. “We will also be publishing reports on what we see.”

Is your company making changes to be compliant? What unexpected challenges have you faced?

Leave your comment on our LinkedIn group here

Not an SCN member? Join the premier association of leaders for leaders here

Margie-Parikh

Our session also welcomed insight on diversity in the boardroom from Margie Parikh, Board Chair at Mountain Equipment Co-op, and Deborah Rosati, a Fellow Chartered Professional Accountant and Certified Corporate Director. Here’s some of what they had to say:


Filed under: boards of directors, recap, talent, video Tagged: boards of directors, diversity, leadership, talent

Beverly-Behan

At SCNetwork’s event last week, we looked at some of the outcomes for publicly traded companies that are now required to disclose their targets for promoting women to board and executive officer positions.

Our first speaker, Beverly Behan, founder of Board Advisor, said Canadian companies are now faced with two options:

  • Try a boilerplate solution
  • Capitalize on the opportunity

“The OSC’s diversity policy opens the door to address and refresh the board and I would urge Canadian companies to take this as a wonderful opportunity,” Beverly said. “The female talent pool for Canadian boards is jaw-dropping. There’s no need to settle.”

Our second speaker was Maureen Jensen, executive director and chief administrative officer of the Ontario Securities Commission (OSC) – the organization that initially recommended the policy change. Maureen told us the OSC is proud of the role it played in implementing the new regulation and that it is taking the next step seriously:

“Our job now will be to compile what (information) we get and look at it for compliance. We will talk to companies that are not in compliance,” she said. “We will also be publishing reports on what we see.”

Is your company making changes to be compliant? What unexpected challenges have you faced?

Leave your comment on our LinkedIn group here

Not an SCN member? Join the premier association of leaders for leaders here

Margie-Parikh

Our session also welcomed insight on diversity in the boardroom from Margie Parikh, Board Chair at Mountain Equipment Co-op, and Deborah Rosati, a Fellow Chartered Professional Accountant and Certified Corporate Director. Here’s some of what they had to say:


Filed under: boards of directors, recap, talent, video Tagged: boards of directors, diversity, leadership, talent
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