Gender inequality on corporate boards of directors is still an issue in Canada, despite diversity disclosure rules. Since 2014, business regulators in Canada have required companies to disclose the number of women on their boards in an effort to increase gender diversity.
Despite this, women continue to be underrepresented on Canadian boards. Recent data from Statistics Canada shows that female representation on boards is only at about 19 per cent. The share of women on boards of directors has increased by about 2.5 per cent every year since 2016.
