Newspaper article The Canadian Press

Institutional Investors Key to Driving Increase in Women on Boards: Report

Newspaper article The Canadian Press

Institutional Investors Key to Driving Increase in Women on Boards: Report

Article excerpt

Institutional investors key for women on boards

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TORONTO - The support of institutional investors is key to driving any meaningful increase in female representation on corporate boards and in the executive suites, a new analysis suggests.

The review authored by lawyers at Bay St. law firm Torys LLP says increased scrutiny on board composition has become a growing area of focus for big investors.

"While they have traditionally engaged with boards behind closed doors to advocate for governance or other strategic initiatives, institutional investors are becoming more openly vocal about the value of a diverse board that includes women," the analysis said of the situation in Canada.

It pointed to the Canadian Coalition for Good Governance's gender diversity policy and the Ontario Teachers' Pension Plan, which expressly encourages gender diversity on boards. …

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