New Alliance Tackles Gender Disparity on Boards

Nov 07, 2017
Seven influential players in Canadian corporate governance have come together to move the meter on gender diversity, and the Institute of Corporate Directors (ICD) is proud to be part of this coalition. The newly formed Canadian Gender and Good Governance Alliance (CGGGA), which also includes the 30% Club Canada, Women in Capital Markets, Catalyst Canada, the Business Council of Canada, the Canadian Coalition for Good Governance, and the Clarkson Centre for Board Effectiveness, is committed to advancing women in boardrooms across the country.
“The number of women on boards has been inching up, but progress is simply too slow,” says Rahul Bhardwaj, President and CEO of the ICD. “With the creation of this new alliance, we have the right people working together to accelerate change.”
The CGGGA’s first initiative, the Directors’ Playbook, complements the ICD’s Board Diversity Toolkit released last fall, which included the successful Gender Diversity Policy Template, created in partnership with Osler, Hoskin & Harcourt LLP. The Directors’ Playbook includes practical tools to achieve gender balance, such as guidance on board evaluation processes and recruitment strategies.
The ICD is a strong advocate of gender diversity on boards, encouraging progress through its education programs and member resources. The organization views diversity as a driver of innovation, arguing that more and different voices around the boardroom table leads to different and more innovative inputs into critical conversations and decisions.
“Together, the Directors’ Playbook and our Board Diversity Toolkit provide companies with the right tools to achieve more gender balance on boards,” says Bhardwaj. “Making resources like these publicly available will help Canadian companies innovate by providing concrete steps towards board diversity.”

About the ICD:
The Institute of Corporate Directors (ICD) is a not-for-profit, member-based association representing Canadian directors and boards across the for-profit, not-for-profit, and Crown sectors. The ICD has more than 12,000 members and 11 Chapters across Canada and fosters the sharing of knowledge and wisdom through education, professional development programs and services, and thought leadership to achieve the highest standard of directorship. ICD members across all sectors of the economy oversee well in excess of $1 trillion in market capitalization and institutions that impact the lives of virtually every Canadian.