Industry committee  I think you hit the nail squarely on the head, Mr. Waugh. It seems that the same gender biases that prevent entry into the boardroom then persist when there is representation, such that you have this enhanced level of scrutiny that wouldn't exist if it was a male CEO. This is one

Industry committee  You absolutely hit the nail right on the head. I will note that there's probably an intersectional aspect to this as well, in the sense that when you look at countries—for example, Norway, which now has the highest percentage of gender diversity on boards—the boards tend to, fro

Industry committee  I'm very attracted to the idea of an external stakeholder advisory committee. I think that could produce real value for the government. As I said during my submission, I think it is best to think of regulation in this space as being a working hypothesis, and to think that we cons

Industry committee  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 w

Industry committee  Mr. Lobb, thank you so much for those comments. I'm in agreement, and I must say in viewing Tuesday's session I saw you put forth the idea to the minister of mandatory policies as a precondition to listing. I have to say I hadn't actually thought about that. I thought that this w

Industry committee  Thank you, Mr. Masse. Clearly, the answer is no, which is why one of my suggestions is that contemporaneous with the passage of the bill, the government begin substantive conversation now on next potential more prescriptive forms of—

Industry committee  Yes. I should say I've studied the quota system by travelling to Norway and conducting research interviews with corporate directors who are subject to a quota regime. I asked those directors, who I should say almost uniformly support the quota legislation, if you were to do thing

Industry committee  Thank you for that question. It's such a simple question, yet it's so difficult to really get our heads around. What is the proper location for a definition, should there be a definition, and so on? I think my research from the U.S. experience certainly suggests that if we do h

Industry committee  The “may include” formulation, though, is a permissive formulation. I think that could be legitimately construed as guidance, but it certainly would not be construed as a requirement.

Industry committee  I'm hesitant to be that prescriptive to the committee, but since the committee has asked—

Industry committee  —I think it's very reasonable for the draft regulations or the bill to say “diversity shall include”, and then include the socio-demographic factors that the committee chooses to take, for example, from the Employment Equity Act or from human rights legislation, and then, in addi

Industry committee  I have tremendous respect for the work that ICD has done in this policy space and I think ICD has been a real leader. One of the most poignant moments, for me, going through the regulatory process with the OSC and also participating as an expert in the OSC process, was when the

Industry committee  Thank you, Mr. Chair. I'm grateful to the committee for the invitation to join you this morning. It's an honour to appear and to share my thoughts on the bill, in particular on the aspects that relate to diversity in the boardroom and the executive suite. By way of background,