Women make up one-third of S&P/TSX composite board positions for first time: ISS

TORONTO –

ISS Corporate Solutions, Inc. says for the primary time ever girls maintain one-third of the board director positions throughout firms listed on the S&P/TSX composite.

The company governance firm says that when it ended its evaluation in January, girls held 33.7 per cent of board seats, up from 27.9 per cent in January 2020.

By comparability, girls held 32.3 per cent of all U.S. S&P 500 directorships.

ISS says the variety of feminine chief executives throughout S&P/TSX composite firms jumped from six in 2020 to 9 in 2023, and the variety of feminine non-employee chairs rose to 22 from 13 over the identical interval.

Racial and ethnic minorities now maintain 14.1 per cent of directorships throughout S&P/TSX composite firms, up from 8.3 per cent in 2020.

ISS’s gender evaluation relies on a take a look at 2,283 director positions whereas its peek at racial and ethnic variety examined 575 directorships.

“Canadian companies have a slight edge over their U.S. peers when it comes to board gender diversity, but far further to go as it applies to the prevalence of under-represented minority groups,” stated Marija Kramer, ISS head, in an announcement.

“But directionally, our analysis shows racial and ethnic minorities making significant inroads in Canadian boardrooms and that trend may well accelerate as regulation and guidance spur companies to disclose more on individual director characteristics.”

This report by The Canadian Press was first printed March 20, 2023.