Specifically,
the board gender diversity policy should contain measurable goals and targets to increase board gender diversity within a reasonable period of time as well as a description of the processes used to monitor the issuer's progress in meeting its goals and targets.
The ISS further prescribes that
the board gender diversity policy include a clear commitment to increase board gender diversity, avoiding boilerplate or contradictory language.
Furthermore, Glass Lewis, unlike the ISS, does not describe what it expects to see included in
a board gender diversity policy in order to refrain from recommending a withhold vote.
If it determines that the adoption of a formal written
board gender diversity policy is inappropriate, the issuer should carefully describe its reasons against adoption in its public disclosure record.
Beginning in 2019, the ISS will generally recommend withholding a vote for the nominating committee chair of the board of a TSX - listed issuer where (i) the issuer has not disclosed a formal written
board gender diversity policy and (ii) there are no female directors on the board.
In light of the CCGG, ISS and Glass Lewis policies towards board gender diversity, issuers would be wise to evaluate whether a formal written
board gender diversity policy is appropriate in advance of the 2018 proxy season.
Not exact matches
The Ontario government and the Ontario Securities Commission have both endorsed «comply or explain»
policies, which require
boards to develop and disclose
policies to improve their
gender diversity, or else explain why they haven't.
Last year, he advised the bank's
board on a new
board diversity policy which it adopted: this
policy commits BMO to
board composition in which each
gender comprises no less than one - third of the independent directors and the promise of public disclosure.
LLC (Glass Lewis), appear to have caught wind of the discussions — both firms added a voting
policy in respect of
board gender diversity to their 2018 proxy voting guidelines for Canada.
However, starting in 2019, Glass Lewis claims that it will generally recommend voting against the nominating committee chair of a
board that has no female members, or has not adopted a formal written
gender diversity policy.
Glass Lewis, on the other hand, will, beginning in 2019, generally recommend withholding a vote for the nominating committee chair of the
board of an issuer (including venture issuers) where (i) the issuer has not disclosed a formal written
gender diversity policy or (ii) there are no female directors on the
board.
The
policy summarizes in one document the views on
board gender diversity that CCGG has expressed in the past and sets out CCGG's current position on this issue.
Other activities at the Annual Meeting and Conference include: topic - focused plenary sessions; addresses by distinguished speakers from family therapy and allied fields; concurrent presentations; open forums for broad issues such as family
policy,
diversity, ethics, and credentialing; group dialogue sessions on
gender and
diversity issues; awards to outstanding professionals within the family therapy field; business and
Board meetings; and social time for building networks with peers from across the country.