I would have to say that I suspect that Mr. Masse is right, that five years with respect to the diversity provision in particular, will be too long. We should keep in mind the fact that because we have this CSA regulation, we have two years of good data, two years of experience with which to work right there.
I think we want to be looking at similar metrics, such as what has been the year-over-year change? How close is that to what we're seeing in comparison to peer economies globally? What percentage of firms are actually identifying themselves as having diversity policies? How do they define “diversity”? Also, it's important to look at not just those numbers but the content of the explanations. It may be that we have something to learn from the explanations.
One of the most striking things I've found under the CSA rules so far is that firms are really sticking to the idea of meritocracy. They don't, for example, set targets, and their explanation generally tends to be that it's because they feel they have a merit-based process.