June 10, 2015
Torys’ soon-to-be-released Capital Markets Mid-Year Report 2015 features the study “Women in the C-Suite: Can Securities Law Advance Gender Equality?”—an analysis of how public companies in Canada have responded to new gender diversity rules. A special article to the Globe and Mail references the study, quoting partner and co-head of the Capital Markets Practice, Rima Ramchandani, who was interviewed for an earlier Globe and Mail article on the same subject. Below is an excerpt of the article.
Last week, a preliminary report by law firm Torys LLP revealed that 56 per cent of S&P/TSX companies who filed proxy circulars this year now have policies to promote women to their boards. Most of these were created after Jan. 1, when the new disclosure rule took effect. But only 13 per cent of them had measurable targets for bringing more women on boards.
One of the report’s co-authors, Rima Ramchandani of Torys, told The Globe and Mail: “I would have thought we would have seen more, but I do think it’s early days, and I suspect next year and in a few years there will be an increase in that number.”
To read the full article, click here.
For a sneak peek at “Women in the C-Suite: Can Securities Law Advance Gender Equality?”, click here to download the PDF. The complete Capital Markets Mid-Year Report 2015 will be released June 16.