Posts Tagged ‘Business’

WHY IS CANADA NUMBER ONE FOR BUSINESS?

October 5, 2011

Canada is the top global destination for business, according to a new Forbes ranking that touts Canada’s economic resilience as much of the rest of the world battles major financial woes.

Canada was among the top tier of countries when it came to protecting investors and dealing with red tape, with the report saying it is relatively easy to start a new business in Canada.

The forbes ranking described Canada as an  “affluent, high tech industrial society in the trillion dollar class.”

Unlike the United States, Canada has stayed cool in terms of its economy with a jump of 3.1 per cent in 2010 and more growth expected in the current year.

One hundred and thirty countries were surveyed using such criteria a technology, corruption, personal and financial freedom , stock performance, property rights and taxes.

Following Canada at the top were New Zealand, Hong Kong, Ireland, Denmark, Singapore, Sweden, Norway, Britain and the U.S.

Behind Canada’s glittering economic performance are Canada’s solid fundamentals. Our rich resource industries, a rock-solid federal government, peace and security with the added sizzle of the French fact which gives Canada a special flavour.

Why is Canada number one for business?

What do you think?

SHOULD THERE BE MORE FEMALE EXECUTIVES?

April 11, 2011

A proposal that women achieve parity with men over the next 10 years on Canada’s major bank boards, is resoundingly being voted down by management and shareholders.  As of now there are three or four women on the 15-member boards.  Also as of now, if the rate of change for women on  the boards continues at the same pace as it has over  the past 20 years it will take 120 years to reach parity between men and  women board members.

And the problem gets worse.  Only 21 per cent of Canadian MPs are women.  Women hold a mere 14 per cent of board seats and 17 percent of senior officers on FP500 corporations.  Close to  half of those companies have no female directors at all. Some governments like India and Argentina have passed laws stipulating that corporate boards must be 30 per cent female.  France has such a law (40 percent women) and Germany is planning one. Should governments (including Canada and the United States) stipulate that a certain proportion of women (say 30-40 percent) should sit on corporate boards?

If women are half the population (and more than half the MBAs)  should not women have at least 40 per cent of board seats?

Should the government pass legislation stipulating that Canadian  and American women should occupy 40 per cent of board seats?

What do you think?