Bold Move by Teachers

posted October 8th, 2013 by Janet Graham - 3 Comments

In case you missed it,  Ontario Teachers Pension Plan is calling for the OSC to require all public companies to have at least three women on their boards after a transition period (which it suggests setting at 2020) or be delisted.  Teachers says they don’t expect any of the voluntary type options which have been suggested for increasing the number of women on boards, for example, “comply or explain”  to have much impact. The link below is to Janet McFarland’s article in today’s Globe and Mail which provides more detail.

 

http://www.theglobeandmail.com/report-on-business/companies-should-have-3-women-directors-or-face-delisting-teachers/article14721742/

 

I love bold moves and I love this one, in particular!! In my mind, this is leadership and demonstrates how a major organization can have an impact on the world in which it operates!! Bravo Teachers!!

 

I would love to hear what you think!! Please share your thoughts in the Comments section below.

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3 Responses to “Bold Move by Teachers”

Comment from nancy McInerney-Lacombe
Time October 8, 2013 at 3:17 pm

Bravo for Teachers. It is the only way meaningful change will happen in our lifetime. I am just thrilled to hear this news.

Comment from Njeri Macharia
Time October 8, 2013 at 3:20 pm

As a visible minority who studied in a top tier University in the US (completely by merit), I believe this can be a slippery slope. While there is nothing wrong with “affirmative action”, it can sometimes lead to a diminished value in those who are seen to have benefitted from it and without proper support systems, the said individual would not be able to reach their full potential. Should this go through, and don’t get me wrong, I do hope and pray it does, women would need to each other’s greatest support in order to ensure that those in leadership roles are able to not only thrive but open up more opportunities for other women

Comment from Lally Rementilla
Time October 8, 2013 at 11:29 pm

Love this move! Would be even better if they also make a commitment to increase the number of female investors in their sphere of influence to further generate awareness and increase the pipeline across all fronts.

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