Bank of Canada: Torontos Bay Street

Torontos Bay Street: Workplace equality Corporate leaders urge tougher Ontario approach to boost number of women directors, according to Globe and Mail. Boardroom boys club needs an intervention Torontos Bay Street, home to Canadas financial district, is pictured in January, 2013. Sluggish corporate profits might force the Bank of Canada to reconsider its positive outlook for the rest of the year. REUTERS Boardroom Equality The Ontario government has decided to prod companies and organizations into increasing the presence of women on boards and in senior management positions through a comply or explain approach. Rather than set hard quotas, the government has opted to let companies improve their performance but if they fail, they will be obligated to explain why. More Related to this Story New rules aim for equality in Ontarios corporate boardrooms (www.immigrantscanada.com). As reported in the news.