Findings show that women held 29 percent of board seats this year, an increase from 27 percent last year and 11 percent in the report’s first year.
The review also found that majority of issuers (90 percent) now have at least one woman on their board—up from 89 percent last year and 49 percent a decade ago.
Additionally, 72 percent of issuers have at least one woman in an executive officer role, up slightly from 71 percent last year and 60 percent in the initial year. However, the proportion of board vacancies filled by women declined from 43 percent last year to 37 percent this year.
Stan Magidson, CSA chair and chair and CEO of the Alberta Securities Commission, highlighted the decade-long progress, stating, “We have seen an increase in representation of women on boards and in executive positions over the last 10 years.”
He added that investors value diversity disclosure, noting that the CSA aims to develop a harmonized national framework expanding beyond women’s representation.
