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Diversity, equity and inclusion is a business imperative that has a direct impact on institutional investors’ overall performance. While investors can have the best strategy and all the capital in the world, human capital is critical to executing the organization’s vision and generating returns, said Sunita Mahant, senior director of legal affairs and head of […]

Copyright_ Andrii Dragan_123RF

Women made up roughly 19 per cent of corporate board seats in 2019, an increase from 18 per cent the year before, even though the total number of board seats studied fell, according to new data from Statistics Canada. The data agency based its observations on information from 7,165 corporations, a decrease from the 8,697 […]

While official diversity, equity and inclusion policies have been widely adopted by U.S. institutional asset management organizations, these policies have made little difference to the makeup of executive ranks, according to a survey by Meketa Investment Group. The survey, which was based on responses provided by 420 U.S. institutional asset managers, found by the end of […]

  • By: Staff
  • May 17, 2022 May 17, 2022
  • 12:30

The value of low-carbon investments held by the Caisse de dépôt et placement du Québec has more than doubled since 2017, according to its annual sustainable investing report. In the report, the investment organization noted its low-carbon investments were worth $39 billion at the end of 2021, up from $18 billion in 2017 and $36 […]

  • By: Staff
  • April 14, 2022 April 13, 2022
  • 09:05

The Shareholder Association for Research and Education is setting out new guidance for institutional investors on corporate votes regarding sustainability reporting. In its model proxy voting guidelines, the Shareholder Association for Research and Education provides Canadian institutional investors with a set of generic proxy voting rules designed to be easily tailored for individual organizations. “[The […]

  • By: Staff
  • March 31, 2022 March 31, 2022
  • 13:00

The Canada Pension Plan Investment Board is expanding the number of countries in which it will apply its most stringent board gender diversity proxy voting rules. “We have enhanced our gender diversity voting practice by expanding the countries where our 30 per threshold for female representation applies to include South Africa and New Zealand,” said […]

  • By: Staff
  • March 10, 2022 March 10, 2022
  • 12:00

While talk about the importance of improving diversity on corporate boards and in the C-suite has been ongoing for decades, actual action has been too slow. In 2020, there were more chief executive officers named Michael or James than actual women CEOs in the U.S., with just six per cent of the top 500 public […]

Women held 23.4 per cent of the total 4,914 board seats among Canadian companies providing disclosure for 2021 — a steady increase of 2.2 per cent from 2020’s year-end results, according to Osler, Hoskin & Harcourt LLP’s latest diversity report. The report tracked companies subject to the Canada Business Corporations Act that disclosed the number of […]

  • By: Staff
  • October 25, 2021 October 25, 2021
  • 15:00
Institutional investors agree profits can’t be top concern for companies: survey

To push for greater female representation on a corporate board, the Ontario Teachers’ Pension Plan withheld its support for the re-election of a female board director during a shareholder vote. During the annual general meeting of network management software developer Netscout Systems Inc., the pension fund’s proxy refrained from voting on a measure to re-elect […]

Copyright_ Andrii Dragan_123RF

Women remain underrepresented in boardrooms of Canadian companies listed on the Toronto Stock Exchange despite the introduction of disclosure requirements intended to boost their numbers, according to a report by the Conference Board of Canada. The report said while there’s some progress in the proportion of women on corporate boards, the pace of change remains slow. “More needs […]