Apparently a decade of efforts to spur greater gender diversity hasn't worked, so the Ontario Teachers' Pension Plan is trying more drastic actions...
The giant Ontario Teachers’ Pension Plan wants the province’s securities regulator to require all public companies to have at least three women on their boards, saying a voluntary option is unlikely to have much impact.
Teachers outlined its bold proposal in a letter submitted Friday to the Ontario Securities Commission, saying companies that fail to have at least three female directors after a transition period – which it suggests setting at 2020 – should be delisted from the Toronto Stock Exchange.
http://www.theglobeandmail.com/report-on-business/companies-should-have…
Thoughts?
Insanity.
I didn't even realize a Toronto Stock Exchange existed. What do they trade in? Kraft Dinner?
Bruh errybody know that "Tim Horton's Famous Maple Syrup Co." is the largest cap stock on the TSE. Currently trading at a P/E of around 200. Shit is HOT.
This is an empty threat. Many companies listed on the Toronto Stock Exchange are also listed on NYSE and if they're not listed they can always can become listed on NYSE.
and then subsequently they will all laugh and just sit on the NYSE while the TSE flounders and loses its companies and revenue. smart plan.
And per the usual the education system is trying to ruin another facet of the economy. As if turning out a bunch of idiots that can't do anything on their own wasn't enough they have to now hold their economic hub hostage because their vaginas are hurting because off all of the dick on the board of major companies.
I freaking hate teachers. I respect what they do, but they're the pieces of shit that want to destroy economies AND THEY DON'T EVEN KNOW THEY'RE DOING IT
This is fucking outrageous, this communist more women on board stuff across the world is just sickening.
Seems like a good plan to destroy the TSE.
Topics like this always make me wonder if it's worthwhile to be a 'career woman'? Sad, very sad.
This is fairly ridiculous...principally not much different than requiring three board members to have brown hair or black eyes or be jewish or muslim or a certain astrological sign. Good thing there's a "transition" period.
No reason to be selected because of merit.
Every board should be 50% female, 10% black, 10% Latino/a, 5% Asian, 3% biracial, 10% gay, 1% transgender, and 5% containing at least 3 of these statuses. It's only fair. Similarly, 50% of Victoria's Secret retail employees should be men, 50% of engineers should be women (we can get by with 80% less engineers, right?), and so on. When haven't quotas worked? Look at Clarence Thomas, most underqualified SC Justice but at least he's there and black. How else to get under-represented categories of people that can't do the job properly in those jobs?
Yale Law School, assistant Attorney General, head of the EEOC for a decade, federal judge. Yeah, super under-qualified.
kfuzion how does it feel to get burned by DCDepository? He's no charizard but his flames still sting like astringent on your acne-ridden face.
Facepalm
Pretty sure kfuzion was being sarcastic champ...
I think Ontario Teachers Union is plotting to kill the Toronto Stock Exchange rather than get women onto corporate boards.
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