The Canadian Coalition for Good Governance
says Canadian companies suffer from low board diversity. According to their 2015 report, females hold
just 17% of TSX 60 board seats, and 12% of board seats at all Canadian public
companies. The CCGG calls the lack
female representation on corporate boards a “governance issue”, and then lists
some of the many known benefits of diversity, including: (1) Avoiding group
think, (2) More effective monitoring of the CEO, (3) Higher performance of
complex tasks, and (4) Better corporate performance. At April Now, we couldn’t agree more.
