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Osler, one of our Founding Corporate Partners, has just published their third Diversity Disclosure Practices for the 2017 proxy season. See details below.
As the corporate governance landscape in Canada continues to evolve and prioritize gender diversity, Osler has released its third annual 2017 Diversity Disclosure Practices Report [PDF] (the Diversity Disclosure Report) to provide an updated snapshot on the representation of women in leadership roles in corporate Canada.
Read about the role audit committees can fulfill in developing a robust process to effectively oversee KPIs presented in an issuer’s MD&A and earnings press releases
Audience includes: members of public company audit committees, management and external auditors.
CPA Canada’s recent publication-read here: Key performance indicators: A tool for audit committees
“How to Improve Your Board’s Gender Balance” by George Horhota, One of Our WGOB Supporting Partners
We all recognize that there is a serious gender imbalance on most corporate boards. Among the 677 issuers listed on the Toronto Stock Exchange, 45 percent have failed to appoint any female directors. The simplistic prescription for managing this chronic condition? Mandatory thresholds favoured by policymakers, regulators and some corporate boards.
Read the full article here: How to Improve Your Board’s Gender Balance
Some great insights on what first time directors should consider when joining a board:
No matter how experienced they are as leaders or how much previous boardroom exposure they have had, most first-time directors will admit to having some trepidation before their first board meeting: What will the first board meeting be like?
Read the full article here: The Five Most Common New Director Questions
Data Showcases Skills Composition of Board Directors
Equilar examined the skills and expertise of board members from the proxy statements of over 300 public companies in the United States and Canada in a recent report. The top skills identified were finance, legal and governance, and HR and talent development. Experience in the C-Suite, service on corporate boards and general leadership were also predominant.
Read the full article here: Hundreds of Companies Disclose Boards Skills Matrices
Disrupt and Grow: Are Canadian CEOs Prepared for the Future?
KPMG’s new report helps organizations plan for the future, board members need the ability to look over the horizon and anticipate issues that may expose the company to risk. This makes it imperative to understand which risks are emerging at a global level.
Read the full article here: Canadian CEO Outlook 2017
Canadian Firms Leading the Way on Gender Diversity on Their Corporate Boards
Three years after regulators brought in new rules to boost gender balance on boards and in executive suites, corporate Canada still has a long way to go.
Read the full article here: Top Canadian firms on women’s leadership
Marsh’s 2017 Top 10 Current Business and Legal Trends Affecting Directors and Officers Liability In Canada
Read the full article here: Top 10 Current Business And Legal Trends
Harvard Business School on “Charting a Path to the Boardroom”
Board positions are highly sought-after roles. How does one get there?
Board directorships provide an intellectual challenge for directors and an opportunity to not only share expertise but to also gain new insights. For many high-potential executives, a board directorship marks the next frontier of career advancement and opens doors to new, valuable networks.
Read the full article here: Charting a Path to the Boardroom
KMPG’s Board Leadership Report on The 8 Priorities Boards Should Focus on in 2017
On the 2017 Board Agenda
In 2017, corporate performance will still require the essentials—managing key risks, innovating and capitalizing on new opportunities, and executing on strategy. But the context is changing quickly—and perhaps profoundly—as advances in technology, business model disruption, heightened expectations of investors and other stakeholders, and global volatility and political shifts challenge companies and their boards to rethink strategy development and execution, and what it means to be a corporate leader.
Read the full report here: KPMG’s Board Leadership Report
KPMG’s 2017 Global Audit Committee Pulse Survey
Audit committee challenges and priorities.
To better understand the key challenges and concerns facing audit committees, boards, and their companies, KPMG’s Audit Committee Institute surveyed more than 800 audit committee members in 42 countries.
Read the full report here: KPMG 2017 Audit Committee Survey
“The Top 20 Board Skills in the S&P 500” by Equilar Board Intelligence
Are you qualified to be these companies’ next board member?
As shareholders become more interested in the composition of their portfolio companies’ boards of directors, issuers are increasingly disclosing explicit information in their proxy statements about director skill sets.
Read the full article here: The Top 20 Board Skills in the S&P 500
Osler and ICD’s Board Diversity Template
The Institute of Corporate Directors and Osler, Hoskin & Harcourt LLP have created a complimentary Board Diversity Policy.
The template is designed to help companies meet gender diversity disclosure requirements and to provide a tool for boards to begin or further their process of diversification.
Access the template here: Board Diversity Policy
2016 Osler Report on Gender Diversity in TSX Companies
Diversity Disclosure Practices 2016: Women in leadership roles at TSX-listed companies
Improving gender diversity in corporate leadership roles continues to be a key focus of legislators, regulators and the media in many parts of the world as well as in Canada. How do TSX companies stack up? A team of lawyers from Osler’s Corporate Group answers this question and finds little progress has been made in improving the representation of women in leadership positions compared to last year.
Read the full report here: 2016 Osler Report
KPMG Audit Trends 2016
KPMG’s current Audit Trends Report focuses on the role of audit committees in overseeing risk in times of unprecedented global change and disruption.
From transformative technology to complex regulation to unprecedented geopolitical risk, an increasing tide of disruptive trends are demanding substantive change to the global role of audit committees.
Read the full report here: KPMG Audit Trends
Catalyst Recommends Bold “Women on Boards” Targets for Ontario Government
Beyond “Comply or Explain”: New Catalyst Report for Ontario Government Makes Bold Recommendations to Advance Women on Boards
Catalyst Recommends 30% Targets, Use of Board Renewal Mechanisms and Written Policies for TSX-Listed Issuers : Ontario Government Accepts All Recommendations, Commits to Track and Publish Progress
Read the full report here: Catalyst Report
Osler’s OSC Research Paper
Women in Leadership Roles at TSX-Listed Companies: Diversity Disclosure Practices
Effective December 31, 2014, Canadian issuers in participating provinces, with the exception of TSX Venture Exchange issuers and investment funds, became subject to new disclosure requirements with respect to the representation of women on boards and in senior management positions. The overall picture is disappointing.
Read the full study here: Osler Research Paper
KPMG Women’s Leadership Study
According to the KPMG Women’s Leadership Study the two elements that affect women’s ability to lead are confidence and connections. At Women Get On Board our mandate is to connect and promote women to corporate boards by empowering them with tools to enhance their confidence and courage to lead and serve on boards.
A majority of women aspire to hold top leadership and board roles, but often find it difficult to see themselves as leaders, according to the KPMG Women’s Leadership Study released today. The survey, which polled more than 3,000 professional and college women in the United States, identified confidence building and leadership training, along with the ability to network with women leaders, as key elements to expanding women’s leadership in the years ahead…
Read the full study here: KPMG Study
Ernst and Young’s report discusses the leading practices in gender diversity disclosure:
While the new rules leave it to issuers to decide which corporate governance policies and practices relating to gender diversity are appropriate for their particular circumstances, it is clear that regulators in Canada and around the world are concerned by the under representation of women on the boards of publicly traded companies.
For most jurisdictions in Canada, the rules came into force on 31 December 2014. Nevertheless, certain organizations have already made the decision to include most of the new disclosure requirements in their existing public filings.
Read the full report here: Ernst and Young: Women on boards and in senior management
Interesting data to support more women on boards help make better business decisions:
Academics at the University of British Columbia and the University of Utah joined forces to investigate the effect female board members have on organizations seeking out advice when it comes to crucial business decisions.
Read they full story here: HRM Online