There are scarcely any Indigenous directors on the boards of Canada’s big companies. That needs to change
The near total absence of Indigenous people on boards is an especially pressing problem. Think of the Crown’s legal duty to consult and accommodate Indigenous groups, work carried out in large part by companies as projects are proposed for development. Picture a resource company aiming to build a major product that needs local Indigenous backing. A lack of Indigenous voices on a board hurts a company. Insular companies are weaker than they need to be.
Diversity isn’t just marketing fodder. Research consistently indicates corporate diversity has a tangible impact. The consultancy that Canada could add a cumulative $150-billion to the country’s economy over a decade – a GDP boost of 0.6 per cent annually – if there were gender equality in the workplace, starting at the top.
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