Canada - long considered a better nation than they United States because of its low violence rates, tolerance, spirit of equality and free health care - is home to just as many misogynistic large corporate boards as America. New data from fem-friendly research firm Catalyst show that about a third of the Financial Post 500 (Canada's Fortune 500) have no women senior officers at all.
The primary culprits are car companies and banks.
Toyota Canada (N0. 43 on the Financial Post list) , Honda Canada (No. 48) and GM Canada (N0. 50) have no senior female officers, which makes them a good deal like their counterparts and parents in Japan and the United States - Toyota Motor Corp. (NYSE: TM), Honda Motor Co. Ltd. (NYSE: HMC) and General Motors Co. (NYSE: GM). Giant Canadian car parts firm Magna International Inc. (NYSE: MGA) is also on list of big companies with zero women in the executive suites - except for underlings.
Among bank and financial companies, the offenders include Bank of Montreal (NYSE: BMO) (No. 19), Canadian Imperial Bank of Commerce (NYSE: CM) (No. 21) and Sun Life Financial Inc. (NYSE: SLF) (No. 13).
And, finally, the powerful Canadian oil patch industry has its share of female executive unfriendly companies, which include Husky Energy (N0. 12) and Imperial Oil (N0. 6).
The largest company on the list is food baker and distributor George Weston (N0. 5). Also on the list are Bombardier (N0. 18) and Viterra (No. 33).
Filed under: 24/7 Wall St. Wire, Research Tagged: BMO, CM, featured, GM, HMC, MGA, TM