Archive for August, 2013

Canada: OSC Initiates Consultation On Disclosure Of Women On Boards

On July 30, the Ontario Securities Commission initiated a public consultation process that seeks to address the underrepresentation of women on boards and in positions of senior management of TSX-listed issuers.  The consultation process follows a request by the Ontario government in the 2013 Ontario budget tabled last May that the OSC ...

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The Hindu: Now for an Old Girls Club

The Hindu 8/13/13: The article profiles Forum for Women in Leadership (WILL Forum), which drives the agenda for more women on corporate boards through advocacy and mentorship. While India has just passed the Companies Bill requiring one woman on all corporate boards, those like Poonam Barua, the head of WILL Forum, ...

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More Women on Corporate Boards — Does Malaysia Need a Nudge?

Malaysian Reserve, 8/21/13: The article overviews the Malaysian government's recent actions to remedy the lack of representation of women on corporate boards, and asks whether further steps are needed. In 2011, the government instituted the Women Director Programme to groom women for corporate boardrooms. The program aims to place 1,500 women ...

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India’s Companies Bill Sets Global Benchmarks

Hindu Business Line: India trails behind global averages when it comes to numbers of women in senior management and on corporate boards. Women constitute only 14 per cent of senior management positions in India, against the global average of 24 per cent.  The recent Companies Act of 2013, which is ...

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Forbes: To Advance Women, Investors Need To ‘Lean On’ Corporations

Joseph F. Keefe, President and Chief Executive Officer of Pax World Funds, which launched the nation’s first socially responsible mutual fund in 1971, argues that the "Lean In" framework, "while perhaps necessary, is insufficient." In fact, he argues, "Regardless of what leaning in women do wherever they find themselves, we will ...

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India: Draft Guidelines for Corporate Gender Parity Soon

New Delhi, Aug 19 — In an important step towards gender parity in the workplace, the government is framing guidelines for a new rule making directorship of women in company boards mandatory and these will be made public very soon, says Corporate Affairs Minister Sachin Pilot. But many women feel ...

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Having Women on Corporate Boards Increases Profits and Sustainability

07/23/13 triplepundit.com: "Women are not a minority except in terms of their parity with men on corporate boards. While women account for over 50 percent of college graduates and they dominate economic power in our economy with $8 trillion of annual buying power, they still account for less than 15 percent ...

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New Report on Women and Minorities on Fortune 500 and Fortune 100 Boards

On August 15th, 2013, the Alliance for Board Diversity released its biennial report on women and minorities on Fortune 500 and Fortune 100 Boards. Despite ongoing discussions about gains made by women in corporate America and the value of diversity in leadership, the report finds that women and minorities remain vastly underrepresented at the ...

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OSC Seeks Input on Proposal Regarding Women on Boards in Ontario

On Tuesday, July 30, the Ontario Securities Commission (OSC) announced the start of a 60-day comment period on a proposal that would require TSX-listed companies to provide disclosure regarding women on boards and in senior management in Ontario. Read the OSC Consultation Paper.

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IFC Championing Women on Corporate Boards in Indonesia

In Indonesia, women make up more than half of the country’s workforce, yet, according to a report by McKinsey, only 6 percent have made it to the boards of listed companies. In Asia, this statistic is not unique but it is well below averages in Europe (17 percent) and the US ...

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