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15 October 2021 at 11h29Ensuring that men and women are equally represented on corporate boards
12 June 2021 at 14h03On June 2, as part of a major reform I have undertaken to renew the management of publicly traded companies and Crown corporations, I introduced a bill in the Senate.
Bill S-238 would require publicly-traded companies, financial institutions and federal government enterprises to ensure gender parity on their boards of directors from now on.
Fine words and good intentions on promoting women’s equality on boards of directors are no longer enough.
The economic importance of women
5 June 2021 at 14h05
The purpose of Bill S-238 is to ensure parity for women on the board of directors of publicly traded corporations, financial institutions and federal Crown corporations.
Women are active participants in the business community, as business owners, shareholders, officers, managers and employees, and they also play an important role in the market as consumers, so they should have equal representation in the management of business.
A great many women in Canada have the qualifications and experience to act as corporate directors, but the number of women in top corporate positions does not come close to reflecting their economic importance…
Bill S-238: to achieve parity on the Boards of Directors
2 June 2021 at 14h07
In Bill S-235, the previous bill I tabled in the Senate, I proposed that a person cannot sit on more than four boards of directors. Seats will become available as a result and, under Bill S-238, we can ensure that women are appointed to those vacancies. Given the moral crisis that is shaking the capitalist system, boards of directors urgently need a complete cultural overhaul.
