What’s good for women is good for business: why has equality stalled?

What’s good for women is good for business: why has equality stalled?

What’s good for women is good for business: why has equality stalled?

The latest numbers from Catalyst Canada shows the country has barely made any headway on getting more women into senior positions over the past few years.

Just 18.1% of senior officer positions at Financial Post 500 companies were held by women, a 0.4 percentage point increase from 2010.

The numbers matter, according to Catalyst Canada CEO Alex Johnston, who points to research from the global organization showing that women in senior positions are linked to business success.

“These numbers matter. Our research tells us that on average companies with more women at the top perform better than companies with fewer women at the top,” Johnston said. “These numbers should matter to all business leaders. If you asked any leader in any area… if they would be comfortable building the most talented team on the basis of half the available talent they would likely laugh at you. Why should Canadian companies be any different?”

Although nearly one-third of companies have 25% or more women senior officers, almost another third continue to have zero women. And there was no significant increase (6.9% versus 6.2%) in women’s share of top earner positions at public FP500 companies over the past two years, found the report.

“The untapped, growing talent pool of potential women business leaders presents opportunities for corporate Canada. With women holding six of 10 provincial premier posts, we ought to be asking ourselves, ‘Why not advance more women into senior business leadership?’” Johnston added.

The organization said there was a strong case for increasing women’s representation in business leadership — better financial outcomes and innovation that is driven by gender-diverse leadership. They are also more philanthropic, engaging in more corporate giving.

“These numbers tell us that we need to do better but there are many examples of Canadian companies and Canadian business leaders that are making great strides when it comes to advancing women. Catalyst Canada knows that what’s good for women is good for business.”

See also: Working for women: what you can learn from Catalyst's honourees


  • Ms. 2013-02-21 3:39:25 PM
    I sincerely believe men are terrified of women in senior positions. It seems there is an, 'all boys club' senerio if you will, & no girls are allowed.It changes the rules of how men will need to act, release control over what they think women should not control, etc.

    It's still a 'man's world' and it scares some to no end that the competition will show that women can do it the same or better
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  • duggie 2013-02-23 8:43:05 AM
    "Ms" - you are right in much of your analysis. Rules, shmules ... what's missing is a simple expectation that "should" exist in every organization ... it's called respect. One must give what one expects to get ....

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