A Slight Increase in The Number of Women On Boards

According to the recent data gathered by Statistics Canada, there is a slight increase in the women’s percentage on boards of directors in 2017.

The 2017’s dataset includes 31,266 directors from 10,108 corporations. 18.1 percent of the director seats were occupied by women compared to the 17.8 percent out of 30,486 directors in last 2016 data.

The percentages in which the boards comprised of entirely male individuals are 61.7 percent in 2016 and 61.2 percent in 2017. Boards with 1 female director in 2017 is 27.7 percent in 2017’s proportion compared to the 2016’s 26.6 percent. Boards with more than 1 female are made up of 11.7 percent in 2016 and 11.1 percent in 2017, according to the data of the government.

The agency also stated that from 8,670 firms in both years, 6.4 percent had an increase in women while the 8.6 percent had an increase of the proportion of women. Randstad Canada also conducted another survey and found that the main reason for the unimpressive numbers in leadership positions is the gender discrimination experienced by women.

Breaking down the numbers

Statistics Canada stated that the utilities industry had the highest women representation in 2016, at 22.3 percent, and in 2017, at 24.6 percent. It has also the highest consistent annual increase. The finance industry came as second, with women representation in 2016, at 21.9 percent, and in 2017, at 23.3 percent. The management of companies and enterprises industry came in third place, with women representation in 2016, at 18.8 percent, and in 2017, at 19.3 percent.

Canadian entities-controlled firms had the highest proportion of female directors in2016, at 19.7 percent, and in 2017, at 19.9 percent. They are followed by France-controlled entities and also UK-controlled entities. 

Both in 2016 and 2017, the government business institutes had the highest levels regarding women representation, with the women directors’ share increasing from 27.7 percent to 35.2 percent. They were followed by the publicly traded corporations, with an increase from 20.3 percent to 21.3 percent and in privately held corporations, with an increase from 17.4 percent to 17.7 percent.

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