iA Financial Group | Women managers: promotions and advancement at iAFinancial Group

Status
Withdrawn
AGM date
Previous AGM date
Resolution details
Resolution ask
Report on or disclose
ESG theme
  • Social
  • Governance
ESG sub-theme
  • Diversity, equity & inclusion (DEI)
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Financials
Company HQ country
Canada
Resolved clause
It is proposed that the company publish annually, in such form as it deems appropriate, a report on the representation of women in its management from lowest level to the highest level, immediately below the CEO.
Supporting statement
The pandemic has completely disrupted our economy and our various workplaces. The crisis has hit women particularly hard, with millions of women having to leave their jobs, work part-time or be laid off altogether because of the nature of their work or the economic sector in which they worked. This leaves companies with far fewer women in management or in the process of becoming future leaders. This will only exacerbate a situation that already existed. According to a [McKinsey] study, while women made up 50% of entry-level employees of the Canadian organizations surveyed by the firm, they make up only 31% of vice-president positions and 14% of CEO positions as illustrated in this chart. In particular, there are measures to “mitigate the impact that unpaid parental leave and part-time employment has on the career and income of female employees,”[4] as women are still more likely than men to experience these employment situations, which are barriers to their advancement. Companies cannot risk losing more women in management positions. The report proposed here will provide an overview of the situation at these different levels, encourage senior management to set gender targets for each level, and inform all stakeholders of the strategies that will be put in place to ensure a strong recovery, especially after the health crisis.

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