City Council has promised to address greater gender diversity on the boards of directors of public and private corporations in October.
Councillor Michelle Holland presented a motion to City Council that would see new appointments for women on public boards to start as soon as fall 2016. The motion further directs that all public appointments on boards in Toronto be made up of 50 per cent women by 2019. Unfortunately, the motion was deferred until October because of a heavy agenda at this month’s meeting.
Women in Canada only represent 15.9 per cent of board positions in large corporations and public companies only have 12.1 per cent women. Crown corporations have the highest representation in public office with 30 per cent, but this still falls well below the 50 per cent mark.
This motion is influenced by Prime Minister Justin Trudeau’s decision to have 50 per cent representation in his federal cabinet, which has arguably renewed the work equality debate in Canada. Ontario has also promised to have 40 per cent women representation on their boards by 2019. Involving Toronto in the gender parity goal makes sense alongside the other levels of government so that women can have better representation in positions of power too.
Private FP500 companies have increased their gender parity on boards in their companies to 19.5 per cent in 2015, according to a report by the Canadian Board Diversity Council. Ontario Securities Commission rose the bar when they created new disclosure criteria for gender diversity in Dec. 2014. Public boards have a lower percentage of equal representation compared to private corporations in Canada.
In a country that advocates on behalf on gender equality, I wonder when the employment sector will embrace gender parity entirely. Both public and private institutions need equal representation on their boards, and it is interesting to see that private companies are leading the way. The fact that the motion was pushed to executive council in October indicates the issue was dismissed in the wake of an important time for gender equality in politics. Toronto needs to join the movement and take women’s rights seriously at City Council.
Women’s Post will be watching to see how seriously the motion is taken in October.