Institutional investors are driving efforts to improve gender diversity within the alternative investments space, but there are still major challenges in recruiting, retaining and advancing women within such organizations, according to a report by KPMG. From a pool of nearly 900 participants in the alternative investments sector, most men (76 per cent) and women (84 per […]
Although firms owned by women and minorities show performance statistically similar to the industry as a whole, they only represent 1.3 per cent of assets under management for U.S.-based mutual funds, hedge funds, private equity and real estate funds, according to new research by the Bella Research Group and commissioned by the John S. and […]
American International Group Inc. is adding a new surrogacy reimbursement benefit and an enhanced adoption benefit for its U.S. employees. The organization’s adoption and surrogacy assistance program, which will take effect on Jan. 1, 2019, includes reimbursement of up to $13,800 of eligible surrogacy-related expenses per child and an increase to the adoption reimbursement per child, from $7,500 […]
While Canadian organizations have good intentions around their diversity and inclusion strategies, their investments and actions aren’t always aligned, according to a Conference Board of Canada report. The report found that while Canadian organizations indicated they intend to focus on inclusion efforts, the behaviours that go along with these intentions, such as providing development opportunities for members of […]
The Canada Pension Plan Investment Board is adopting a new global policy to improve gender equality and increase the representation of women on corporate boards. Under the policy, the CPPIB will vote against committee chairs responsible for director nominations at investee public companies if the boards don’t have women directors. Read: CPPIB highlights efforts to encourage women on […]
Capital allocated to sustainable, responsible and impact investing now accounts for around a quarter of total assets under professional management in the U.S., according to a new survey by the US SIF Foundation. In 2018, that represented US$12 trillion, a 38 per cent increase on US$8.7 trillion in 2016, which has been largely driven by asset managers. […]
These days, peace of mind is hard to come by, but the employers at the 2018 Workplace Benefits Awards roundtable centred their discussion around the many ways they can positively contribute towards their workforces’ mental, physical and financial health, particularly when it comes to absenteeism and improving return-to-work processes. “We know that if people are […]
The federal government has published its report on pay equity after consulting with some 40 stakeholders in moving forward with pay equity legislation. Drawing on the feedback of employer and employee representatives, as well as organizations focused on proactive pay equity in federally regulated workplaces, the report looks at four topics: the new pay equity legislation’s coverage; implementing pay equity; maintaining […]
Taking a varied and thorough approach to employee health helped Niagara Casinos take home the award for best health and wellness program for an employer with more than 1,000 employees at Benefits Canada‘s 2018 Workplace Benefits Awards in Toronto on Oct. 11. The variety of wellness offerings and activities included kickboxing, paddle boarding, bath bomb workshops, an onsite […]
The Canada Pension Plan Investment Board is emphasizing the issue of gender composition on investee companies’ boards in its latest sustainable investing report. With this fifth area of focus joining climate change, water, human rights and executive compensation, the CPPIB is aiming to address the issues of gender diversity in relation to long-term investment. In 2017, the pension fund voted on measures at 45 […]