The sight of the Peace Tower has always inspired me to think how decisions and debates in the House of Commons and Senate have changed the way we live and work.  From the right to vote to pay equity and the Charter of Rights and Freedoms, the actions of Parliament matter to Canadian women.

So it was a great honour to appear as an expert witness before the Senate Committee on Banking, Trade and Commerce, to contribute to their consideration of proposed legislation to ensure women are appointed to a certain percentage of corporate board positions.

It was gratifying to see a group of Canadian Parliamentarians discussing women on boards.  Are we finally beginning to recognize that the advancement of women is not only about fairness, but a vital issue related to Canada’s competitiveness in the global marketplace?

My key message to the Senators?   Waiting is not a strategy. Canada risks losing critical global advantage to countries that are taking action to ensure that their economies are led by the most talented people, whether female or male.  To compete and flourish in the global economy, Canadian business needs the talents of our very best women.  Until women achieve parity in business leadership roles, they will continue to be marginalized in every other arena. 

Mandated quotas, similar to those in the proposed Canadian legislation, have been successful in Norway, where a legal requirement for women to hold at least 40 percent of board seats, backed by stiff penalties, effectively boosted the number of women board directors after voluntary compliance fell short.  Spain and Iceland have also legislated targets of 40 percent.  France will likely follow suit, and a number of other countries are seriously looking at similar quota legislation.  The UK, Australia and the United States employ mandatory disclosure to improve gender diversity on boards.

Our economic partners and competitors are establishing appropriate ways to diversify corporate leadership.  What about Canada, where we take pride in our commitment to diversity and our leadership on human rights?  At the moment, we’re trailing on efforts to close the leadership gender gap.

The means of achieving gender parity may vary: whether it’s quotas or some other measure, the key is taking the actions to support our statements of commitment.  Any delay puts Canada at risk of losing many of our best and brightest to countries that actively and visibly support diversity at senior levels. 

Throughout the course of the hearings, Senators heard many arguments, informed by data, research and personal experience, about why we need more women on boards, and they raised many questions about whether quotas are the most effective strategy. 

A question about the possibility that the legislation would limit a board’s flexibility in recruiting the most talented directors provided a great opportunity for me to reinforce the point that with only 14 percent of board seats filled by women, it’s clear that boards are not currently tapping into the full talent pool! 

I was glad when another Senator questioned whether the record numbers of women graduating from university would naturally lead to greater parity in the boardroom. A  logical thought, but our research demonstrates that women who have graduated from top MBA programs start in lower- level jobs at lower pay than their male counterparts.  And they don’t catch up over the course of their careers.  Smart, ambitious women know that  barriers within corporate Canada persist, and they know that it will take  more women in leadership to level the playing field.  

While Senators found the arguments compelling, one posed a really interesting question:  If the business case is so clear, why aren’t executives, directors and shareholders lining up in favour of more women on boards? 

My answer?  Progressive business leaders are seeking diversity in corporate leadership.  Progressive nations understand that diversity is part of competitiveness in the global economy.  Parliament can take action to ensure women have the opportunity to use their education, skills, and experience in leadership. 

And make Canada the country of choice for smart women from around the world!

If a single theme predominated the inaugural dinner of The Catalyst Canada Honours last night, it was change.

Scotiabank President and CEO Rick Waugh,  who is also Chair of Catalyst Canada Advisory Board identified the most important change over the past ten years in the business world as “the cultural shift that has begun in Canadian business and in our broader society.”

Champion Sylvia Chrominska spoke of the cultural shift at Scotiabank since she started in 1979, as more women joined the senior ranks, and both women and men began to recognize the business benefits of diversity at the very top.

TD Bank Financial Group’s Ed Clark—another champion—spoke of the journey for answers to the increasingly complex issues of diversity, and the importance of commitment from everyone in the organization.

Champion Colleen Sidford’s leadership as Vice-President of Ontario Power Generation has shifted attitudes and created opportunities for women in the traditionally male nuclear industry.

In preparing my own notes, I also thought back to one of my earliest disillusionments:  the realization in my final year of high school that a university education would likely allow me to earn only 69.6 cents for every dollar in the pay packet of my male colleagues.

Time for introspection.  Some of it, not pretty.

I thought about the first Catalyst research project in Canada.  In 1997, Canadian CEOs believed that women in senior management would jump from 13% to 24% by 2002.  Well, by 2002, senior management ranks were 14% women.  In 2008, the percentage had reached 16.9%.  In fact, if we continue at the current rate of change, we won’t see that 24% prediction until 2022!

And the pay gap that shocked me so much in 1983?  In 2008, women earned 68.3 cents to every dollar earned by our male colleagues!

So what is this cultural shift that everyone is seeing?  I believe we’ve seen a fundamental shift in the conversation, a shift that gives me hope that things are about to change.

Back in 1983, I believed that women should earn as much as men because it was fair.  Fairness was the basis of the equality rights section of the Charter of Rights and Freedoms.  Fairness was the foundation of the Employment Equity Act of 1985.

Businesses complied with the legislation, but compliance alone does not create equity or an inclusive workplace.  Today, CEOs like Rick Waugh, Ed Clark, and Bill Downe know that their businesses are stronger, more competitive, and ultimately more profitable because their senior ranks reflect the Canadian population in all its diversity.  They know that women bring a valuable perspective to their senior tables.

Most importantly, they know that Canadian companies and the Canadian economy can no longer afford to ignore the talents, skills and commitment of 50% of the population – not to mention those who are outpacing men in higher education degrees.

What I see is both a conversion and a conversation that has shifted from fairness to business case.  The participants in the conversation are no longer only women standing outside the senior management door.  The conversation—and the passionate advocacy—has moved through that door, and men have become partners in the conversation.

And the question is no longer “Why?” but “How?” and “How quickly?”

I take considerable pride that Catalyst Canada has lived up to our name over the past ten years.  Our partnership with business has provided a venue for the conversation.  Our research has informed business programs to support the advancement of women, such as Sylvia’s work at Scotiabank, Colleen’s emPOWERed women program at OPG, and Ed’s Women in Leadership initiatives.

The Catalyst Canada Honours dinner marked our tenth anniversary.  Our Champions—Ed Clark, Sylvia Chrominska, and Colleen Sidford—are leading the way.   And, if the enthusiasm of the sell-out crowd of over 500 members and friends is any measure, their advocacy is gaining supporters in all sectors and businesses across Canada.

Let the conversation continue!  Bring on the change!

Friends and I were talking about the “bad old days” recently.  The days when one of my early managers – after asking a senior woman lawyer to get him coffee—could grumble, “It’s so confusing. The secretaries look like lawyers, and the lawyers look like secretaries.”  The days before employment equity standards and a broad understanding of the value of a diverse workplace. 

Changes in policy and celebration of diversity in the workplace came about because leaders —in business, in politics, and in the community—stepped up and changed things. 

That kind of leadership continues to be crucial to the advancement of women in business.

Recently I met a young mother of three who had withdrawn from a competition where she was clearly the most qualified candidate because the more senior position would not accommodate her flexible schedule.  At that point, the CEO intervened.  Based on her proven record of success, she got the promotion, and kept the flexible schedule she needed to fulfill her family obligations.

That CEO was willing to change some of the rigid rules and expectations in order to get the best person for the job.  In doing so, she made it clear to other women that this firm was one that valued talent and performance,  one where their aspirations could be achieved. 

Yes, we’ve made strides toward a more equal workplace.  Women and minorities have legal recourse against overt discrimination.

But women are also finding leaders with the vision to  recognize that company policies create barriers for the advancement of talented and capable women—and the courage to change those policies.