2016 Issue IV

Catalyst Corporate Board Services Quarterly Issue IV 2016
Catalyst and 30% Club Canada Co-Hosted Inaugural Corporate Board Summit
Catalyst and 30% Club Canada Co-Hosted Inaugural Corporate Board Summit
Catalyst and 30% Club Canada partnered to host Corporate Board Summit: Solutions to Accelerate Progress during the 2016 Catalyst Canada Honours event on November 7. The summit convened Canadian business leaders, regulatory agency officials, and board diversity advocates to partner and share effective strategies for companies to diversify their boards.

The panelists discussed recommendations such as: setting and measuring goals, shortlisting women candidates, tracking promising women, and mentoring/sponsoring women board candidates. Victor Dodig, President and CEO, CIBC and Chair, 30% Club Canada, authored a blog post after the event about the importance of increasing gender balance on boards, along with associated action steps.

The Summit was so successful that plans are now underway to host the Summit in other regions.
2020 Women On Boards Releases 2016 Gender Diversity Index
The new report indicates the goal of increasing representation of women on US company boards to 20% or greater by 2020 has nearly been reached. Among 810 active companies analyzed within the US Fortune 1000, women hold 19.7% of board positions. Women held 18.8% of board seats in 2015 and 14.6% of board seats in 2011.
Spencer Stuart Board Index (SSBI) Shows Growth for Women in the Boardroom
According to the newest SSBI, women account for 32% of new directors on S&P 500 boards in the 2016 proxy year—the highest percentage recorded by Spencer Stuart. An additional increase identified within the report entails investors holding 12% of new independent director seats.

Stay tuned for the launch of our new, searchable Women On Board™ Source directory!
Did You Know?
According to survey results from the Global Strategy Group and Rockefeller Foundation, one in four Americans thinks it is more likely that humans will colonize Mars than that half of Fortune 500 CEOs will be women.
   
 
The Catalyst Corporate Board Resource
congratulates the following CEO-sponsored woman on her recent board appointment:
Linda Yaccarino to Ascena Retail Group
Women On Board™
congratulates the following women on their appointments to the boards listed below:
Karyn Brooks to Information Services Corporation
Joan Dunne to Painted Pony Petroleum
Ellen Pekeles to Chair of Mountain Equipment Co-op
Sharon Ranson to Echelon Financial Holdings
Deborah Stein to NuVista Energy
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“Set diversity goals and commit to shortlisting women candidates when recruiting new board members. “—Maureen Jensen, Chair and CEO, Ontario Securities Commission   “The board supply chain’s starting point is named executive officers. Track promising women to ensure they get to the executive level; give them visibility.”—Thomas C. O’Neill, Chair, Bank of Nova Scotia; Lead Director, Loblaw Companies   “The talent pool of potential women directors is larger than you think and sponsors help them get noticed. Consider sponsoring the board-ready women you know.”—Donald Lowry, Chair, Capital Power; Director, Hydrogenics Corporation, Melcor REIT, and Stantec Inc.
 
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