The turbulence of COVID-19 has led organizations to prioritize many of their resources to tackling the pandemic. Despite this the mining industry, is not immune to the societal challenges it had been dealing with prior to the pandemic. The fast pace of the responses to new challenges and the need to address them with courageous and inclusive leadership are high in the priority list for organizations. How are mining boards responding?
Board diversity is not a new theme, in 2015, the Ontario Securities Commission, implemented a “comply or explain” rule that companies listed on the Toronto Stock Exchange (TSX) would have to either disclose information related to gender diversity, including the number of women on their boards and their policy on diversity, or explain why they were not doing so. As of Feb. 1, 2022, the S&P/TSX Composite is expected to have at least 30% women board members, or a written gender diversity policy with a commitment to achieve that percentage over a “reasonable” time frame.
PDAC seems to be ahead of its time, as it most recent board election in March 2021 announced 37% women representation, including the participating of other under-represented groups. In this session moderated by Jamie Cruz, PDAC board members will discuss the challenges, expectations and thoughts for the future as it relates to diversity and inclusion.