In Canada, the number of women on corporate boards has grown by just 2.3% in the past two decades. “At this rate, Canada will not close the gender gap for another 228 years,” according to Canadian Center for Policy Alternatives (CCPA) research associate Kate McInturff.
This statistic comes from a new report from the CCPA which McInturff authored. The report was created using methodology developed by the World Economic Forum to calculate Canada’s overall score in the areas of health, education, economics, and politics beginning in 1993.
The report explains that while Canadian women are living longer than men and more women are graduating from post-secondary schools than men, everything changes after women graduate from those schools. In Canada, the more education a woman has, the larger the gender wage gap.
Today, women hold just 14.5% of corporate board seats for Canadian companies and only one women is included on Canada’s list of the top 100 CEOs.
The news isn’t all bad though. Women’s wages are growing as are promotions to senior management for women. The report states that the gender gap should close in wages and promotions in 71 years if the current rate of growth continues.
You can follow the link to download the complete report.
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