At this pace, it will be 2062 before every TSX-listed company has one woman board member. A European Union study on gender diversity published in April pointed out that of the 12 largest European markets, five – France, Germany, Belgium, Italy and Norway — have mandatory quotas on women serving on boards. It went on to say: “ Countries where the government passed legislation introducing mandatory quotas on board gender diversity at listed companies during the years 2011-2015 tended to experience high levels of growth in the percentage of women on boards over this period.”In other words, more women on boards breed ... more women on boards. Last year, it saw the percentage of women on boards rise from 35.5 per cent in 2014 to 38.7 per cent. True, the proportion of women on boards has grown to one-in-five.

Source: thestar September 26, 2016 20:03 UTC