Wednesday, June 8, 2016

Ontario Sets Gender Diversity Targets - ONTARIO

Originally published: June 7, 2016

Today, Premier Kathleen Wynne announced new gender diversity targets to ensure more women have the opportunity to reach top leadership positions at provincial agencies and other government organizations.

The Ontario government has set a target that, by 2019, women make up at least 40 per cent of all appointments to every provincial board and agency. Ontario is also encouraging businesses to, by the end of 2017, set a target of appointing 30 per cent women to their boards of directors. Once businesses set the target, they should aim to achieve it within three to five years.

These actions build on the government's long-standing support for broader gender diversity, and are informed by a report Ontario commissioned from Catalyst Canada. The new report, Gender Diversity on Boards in Canada: Recommendations for Accelerating Progress, provides advice on best practices in gender diversity on boards.

Ontario has accepted all 11 recommendations in the report, some of which are for businesses and some of which are for government, and is convening a steering committee to provide input on their implementation. The committee, co-chaired by Charles Sousa, Minister of Finance, and Tracy MacCharles, Minister Responsible for Women's Issues, includes Maureen Jensen, Chair and CEO of the Ontario Securities Commission, and Victor Dodig, President and CEO of CIBC, among others.