DATE PUBLISHED: NOVEMBER 21, 2023
Underrepresented ethnic groups have all made progress in obtaining board seats in Canada over the last five years; unfortunately, the pace is slow. At the current rate, it would take 10 years for overall board representation of diverse ethnicities to match the country’s demographic makeup.
In this report, ISS-Corporate looked into Institutional Shareholder Services data on Canadian boards from 2019 to 2023 to track the changes in ethnic composition. Our analysis considers on average 229 S&P/TSX 60 and S&P/TSX Composite companies with around 2,200 board seats per year.
