Diversity in the boardroom: Moving beyond the Why. Tuesday, November 24, 2015

Transcription

1 Diversity in the boardroom: Moving beyond the Why Tuesday, November 24, 2015

2 Agenda Panel discussion Overview of the CSA staff notice and regulatory expectations Progress on gender diversity at the executive level Issues for the board Roundtable discussion Deloitte LLP and affiliated entities. The Directors' Series Beyond compliance 1

3 Panel Shannon MacDonald Vice Chair, Industry, Chief Inclusion Officer, Deloitte Maureen Jensen Executive Director and Chief Administrative Officer, Ontario Securities Commission Pamela Jeffery Founder, Women s Executive Network and Canadian Board Diversity Council Jim Leech Chancellor, Queen s University, Chair, Toronto General & Western Hospital Foundation, and MasterCard Foundation, former President and CEO, Ontario Teachers Pension Plan Deloitte LLP and affiliated entities. The Directors' Series Beyond compliance 2

4 Shannon MacDonald Vice Chair, Industry Chief Inclusion Officer Deloitte Deloitte LLP and affiliated entities.

5 Maureen Jensen Executive Director and Chief Administrative Officer Ontario Securities Commission Deloitte LLP and affiliated entities.

6 Key take-aways from CSA multilateral staff notice Have made progress, but a long way to go Lagging sectors (e.g. resources) need added focus Conversations between boards and shareholders are key Deloitte LLP and affiliated entities. The Directors' Series Beyond compliance 5

7 Pamela Jeffery Founder Women s Executive Network and Canadian Board Diversity Council Deloitte LLP and affiliated entities.

8 The pipeline from executive ranks to the boardroom Executive pipeline is growing The thinning ranks as women move up the ladder needs to be addressed Networks remain too common a route to the board room Trend towards professionally assisted searches needs to continue Deloitte LLP and affiliated entities. The Directors' Series Beyond compliance 7

9 Jim Leech Chancellor Queen s University Deloitte LLP and affiliated entities.

10 Director s perspective Diversity will be judged by the value it delivers to board performance Better board processes (recruitment, selection, onboarding etc.) are a must Make the issue of term limits a separate discussion Outside boards should be an integral part of development plan for women executives Deloitte LLP and affiliated entities. The Directors' Series Beyond compliance 9

11 Let's talk corporate governance Join us on our Corporate Governance Forum Linkedln page where we will: Share insights that support board directors with their roles and responsibilities Dive deeper into the topics covered at our Directors' Series Have subject matter experts available to address your corporate governance concerns Find out what matters most and solutions that support your board's needs. deloitte.ca/governance Deloitte LLP and affiliated entities. The Directors' Series Beyond compliance 10

12 Upcoming session Focus on the audit committee Thursday, January 7, 2016

13 THANK YOU FOR ATTENDING To access additional resources, and to view replays of this session, please visit our Centre for Corporate Governance: Deloitte LLP and affiliated entities.

14 If you would like to discuss any of the topics addressed during today s session, or would like any additional information, please contact the Deloitte professional in your region: Vancouver Olin Anton oanton@deloitte.ca Regina Cathy Warner cwarner@deloitte.ca Niagara Pam Lilley plilley@deloitte.ca Montreal Eddie Leschiutta eleschiutta@deloitte.ca Halifax Mathew Harris mathharris@deloitte.ca Calgary Sippy Chhina schhina@deloitte.ca Winnipeg Haig Vanlian hvanlian@deloitte.ca Toronto Don Wilkinson dowilkinson@deloitte.ca Sherbrooke Annie Lessard annlessard@deloitte.ca St. John s Brian Groves bgroves@deloitte.ca Edmonton Paul Borrett paborrett@deloitte.ca Kitchener Jim Pryce jpryce@deloitte.ca Ryan Brain rbrain@deloitte.ca Quebec City Richard Simard risimard@deloitte.ca Saskatoon Andrew Coutts ancoutts@deloitte.ca Burlington Reno Serrani rserrani@deloitte.ca Ottawa Anne-Marie Ethier aethier@deloitte.ca Saint John Geoffrey Cochrane gcochrane@deloitte.ca Deloitte LLP and affiliated entities.

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