Rosenzweig Report Endorsements & Quotes

Re the Rosenzweig Report, “Women’s engagement in decision-making is essential to the success of Canadian businesses, and at the core of our values of diversity and inclusion. While Canada can be proud of its history, we have more work to do; I am pleased to be part of a government that weighs gender impacts in public policy decisions and supports a public service and public appointments that reflect our country’s diversity. I am confident that by working together, at home and abroad, we can ensure that women are not only at the table, but leading in business, government, diplomacy, security and peacebuilding.”

Hon. Chrystia Freeland, P.C., M.P., Canada’s Minister of Foreign Affairs

Re the Rosenzweig Report, “If the success of Toronto and Canada will ultimately depend on our ability to attract and keep talent, the most sensible place to start is with the biggest of all of the underrepresented groups, namely women. For many reasons, it’s the right thing to do.”

John H. Tory, Mayor of Toronto

Re the Rosenzweig Report, “As we approach the 35th anniversary of the Charter we are reminded that equality in general - and gender equality in particular - is a foundational principle for the establishment not only of a just society but one that is also compassionate and humane. It will be a celebratory moment when we can achieve gender equity in corporate leadership.”

Irwin Cotler, Founder and Chair of the Raoul Wallenberg Centre for Human Rights, Emeritus Professor of Law at McGill University, former Minister of Justice and Attorney General of Canada, and international human rights lawyer

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“Each year the Rosenzweig Report serves as an invaluable reminder that the advancement of women is proceeding incrementally at best in many C-suites and boardrooms across the nation. By aggregating and quantifying results, the Report highlights the fact that only modest gains are being made, hopefully providing a fact-based impetus for corporate Canada to move beyond more talk and get straight to more action.”

Kathleen Taylor, Chair of the Board, Royal Bank of Canada; Former President and Chief Executive Officer, Four Seasons Hotels and Resorts; Founding Member, 30% Club

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“The Rosenzweig Report serves to educate and brings public awareness to the fact that the cause of gender diversity is not just about pushing females forward. It’s about doing what’s truly good for everyone. Change is occurring when it comes to diversity in society and business because we now recognize how valuable it is to get input from diverse voices. What’s more, the millions of women and men who marched worldwide on January 21 for gender equality cannot be ignored. It is Our Turn.”

Kirstine Stewart, Chief Strategy Officer, Diply

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Re the Rosenzweig Report, “Employing a diverse workforce is unquestionably the right thing to do, but it’s much more than that. For us at the NBA, we know that a diverse and inclusive culture produces better business results. When it comes to the basketball court what matters is how good your game is, and we see increasingly the business world is embracing this meritocratic ethos as critical to success.”

Kathy Behrens, NBA President, Social Responsibility & Player Programs

“Businesses are beginning to wake up to the fact that investing in women gives them a competitive edge. Cultivating female leadership isn’t a feelgood corporate program; it’s a business opportunity. As an angel investor, my focus on female-founded startups has certainly paid off. Research proves this as well: tech companies led by women achieve a 35 percent higher ROI on average than those led by men. The Rosenzweig Report is required reading for companies that are ready to get serious about this opportunity.”

Fran Hauser, Angel Investor, Media Executive and Women’s Advocate

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Re the Rosenzweig Report, “As Canadians, we have the capacity to bring together the diversity of the people and social progress. Men and women are working together to develop our businesses and ultimately ensure prosperous economic and social development for our communities. I am looking forward to continuing to contribute to creating better conditions for women entrepreneurs by defending more access to capital, and promoting stronger networking and support. This will not only be a benefit to women but also to our society. We have to continue to work together for the growth of our businesses, to position Canada in international markets in order to contribute to creating a better world.”

Monique F. Leroux, President of the Board of Investissement-Québec, President of the International Co-operative Alliance and member of the Canada-U.S. Council for Advancement of Women Entrepreneurs and Business Leaders, and former Chair of the Board and Chief Executive Officer at Mouvement des caisses Desjardins

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Re the Rosenzweig Report, “It’s time to really double down on our efforts to support the advancement of women entrepreneurs, women in leadership roles and women decision makers. I’m excited by the prospects of working with female CEOs both here in Canada and the United States on what we can collectively do to make a difference and move the bar. Jay’s report will keep us honest. It will take significant effort, changes and commitment from both male and female leaders and CEOs to create a world where both our daughters and sons will have an equal chance at significant leadership positions. I’m up for that challenge.”

Dawn Farrell, President and Chief Executive Officer of TransAlta Corp., and member of The Canada-U.S. Council for Advancement of Women Entrepreneurs and Business Leaders

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“As a member of the joint Canada-United States Council for the Advancement of Women Entrepreneurs and Business Leaders, I rely on the Rosenzweig Report for key metrics and an annual reminder for how much productivity we can unlock by empowering women in business.”

Tina Lee, CEO T&T Supermarkets Inc. and member of The Canada-U.S. Council for Advancement of Women Entrepreneurs and Business Leaders

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Re the Rosenzweig Report, “As business leaders face more challenges, disruptions, and transformation in this new world, they will need more diverse ideas, innovation and creativity to improve performance in their companies. Women offer a different lens and perspective that can accelerate the unleashing of these new ideas, innovation and creativity. The world is changing fast and leaders and institutions need to create very inclusive cultures to release this talent and energy. If there were equity in leadership positions at the top of our organizations, our businesses would be stronger, more nimble and more sustainable. It’s our time.”

Annette Verschuren, Chair & CEO of NRStor Inc. and member of The Canada-U.S. Council for Advancement of Women Entrepreneurs and Business Leaders

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Re the Rosenzweig Report, “Advocating for and supporting the advancement of women to senior leadership roles is a key priority for BMO and an important part of our 200 year history. From being the first Canadian bank to promote a woman to a Branch Manager role to our focus on increasing the number of women in leadership roles across our business, we are proud to support female leaders within our bank and in communities across the country.”

Cam Fowler, Group Head, Canadian Personal & Commercial Banking, BMO Financial Group

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“It is exciting to see the ratios changing in the Rosenzweig Report. Companies that reimagine work from a women’s perspective position themselves for future success as they unlock engagement from this huge segment of the workforce and economy. Today, women earn the majority of educational degrees, account for the majority of the labor force, control the majority of wealth, and drive an estimated 70-80% of consumer spending with their purchasing power and influence. Changing the ratio is about competitive advantage vs obligation.”

Candice Faktor, Founder, Faktory Ventures

“Despite positive change, and excellent diversity champions and initiatives underway, the stats in the Rosenzweig Report are a necessary call to action that we need to do more to move the dial in Corporate Canada. It is our full talent pool that will make us more competitive on the global stage. There is great opportunity in 2017 for us to collaborate more deeply as a business community towards this end, weaving our initiatives and tactics together to make greater and faster change. We are stronger together.”

Jodi Kovitz, CEO AceTech Ontario and Founder #MoveTheDial

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“We see from studies such as the Rosenzweig Report that although Canada has experienced growth in recent years in the number of women appointed to senior ranks, the proportion of top female executives has climbed more slowly. That I’m only one of a handful of women occupying the chief executive role within Canada’s publicly-traded companies underscores this sluggish pace of progress. If you look at some of the most successful organizations, it is no coincidence that you will find strong gender diversity up the management chain. Diversity brings alternate, unique experiences and perspectives that enable better problem-solving, and contribute to stronger operational efficiency and organizational performance. Without this balance, the glass ceiling moves from a gender limitation to an organizational weakness.”

Deborah Merril, Co-CEO and President of Just Energy

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“I never think that in my male-dominated profession of architecture that I should get a project because I am a woman rather than simply being the best person for that job. I am a woman entrepreneur who is not in the corporate structure, but every day I am in the workplace creating jobs bringing them into my philosophies of lead by example and carpe diem. Over 25 years, I have watched women retreat away from the workplace as the balance of family and work is not an easy dance. For women to advance, we need to value what is important in life which is family then work. Create an environment that celebrates excellence in people, then success in your profession flourishes. Through Jay Rosenzweig and his team continuing to do the important work of measuring and analyzing the progress of women in the workplace, we will have a reminder to constantly change our approach to maximizing the output from women so that we not only compete but elegantly conquer.”

Dee Dee Taylor Eustace, Architect and Interior Designer, and Author

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Re the Rosenzweig Report, “As Canada continues to empower women, it empowers itself. At Mogul, we are incredibly proud to provide women across the country with information access, economic opportunities, and education, thanks to the guidance and support of incredible Canadian leaders such as Jay Rosenzweig, who works tirelessly to help advance the state of women through this important annual report as well as powerful initiatives worldwide.”

Tiffany Pham, Founder & CEO, Mogul

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Re the Rosenzweig Report, “Seven continents, 82 countries, 673 marches - more than 5 million people globally showed up on January 21, 2017 to advocate for legislation and policies to protect women’s rights amongst many other important issues. People, mostly women, from completely diverse backgrounds and ages, united together in a historic peaceful protest. I was lucky to be in D.C. with one of my daughters where I witnessed tremendous energy and strength of those in attendance. Women’s rights in the workplace, in the community and in the government are not only important but essential to the wellbeing equation for any country, community or corporation. As women assume more leadership roles in our governments, in our communities and in the companies we work for or help to create, the payoff for everyone dramatically increases. We have made vast strides in North America but we must do better to make sure that women are compensated equally, have access to higher education and leadership opportunities. Social gender equality highly correlates to higher incomes, better human rights and greater individualism. What’s good for women – turns out to be good for all. Thank you, Jay, for this valuable and honest accounting of women’s status in the workplace in Canada.”

Lorraine Bell, a Canadian in NYC, Board Director of the OFA, IBI Group & Brookfield Real Estate Services, the NYG&BS

Re the Rosenzweig Report, “As President and CEO of UNICEF USA, I have made it my mission to help build a world that puts children first, where every girl and boy has equal rights and can grow up healthy, protected from harm and educated. A key piece of this is ensuring that we work to eliminate gender inequality, giving girls an equal place in society. From grassroots initiatives in the field to corporate partnerships built in the boardroom, I have witnessed the tremendous power, productivity and potential of women when they enjoy full participation in the development of their communities. To create a brighter future for the next generation, we must continue working to ensure that all girls – all children – around the world are empowered to lead full and productive lives.”

Caryl M. Stern, President and CEO of UNICEF USA

“Empowering women is a business need - the vast amount of research linking gender diversity to better business results is undeniable. We need to take action to get there - we need all genders to lean in. The Rosenzweig Report is a great way to keep us all accountable for the progress that we need to make.”  

Megan Anderson, Business Development Director at Integrate.AI and #GoSponsorHer co-founder

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Re the Rosenzweig Report, “Innovation in the Israeli ecosystem is not only in leading technology R&D. It is also in spearheading social change, where woman are encouraged and empowered to start and lead their own businesses, be entrepreneurial and pursue their ideas and dreams. But there is still ways to go. In my 10 years of professional experience as a business leader both in the private and public sectors, I’ve experienced firsthand the difficulties and challenges for women to go up the corporate ladder, and how much harder we have to work to gain professional recognition.  We need to integrate more women into this ecosystem. As a start, I think that all women who have broken the glass ceiling should share their fortune and actively reach out to female colleagues and offer mentorship, guidance and support, to help them grow in this competitive world and assume leadership positions. I’m proud to be part of a strong and professional women led company and an ecosystem that promotes and empowers women.”  

Lee Moser, Head Of North America & Investor Relations, iAngels; Former Chief of Staff to the Israeli Ambassador to The United States


“There is some encouragement to be had with more women now serving on Canadian Boards of Directors and occupying senior executive positions than previously. But the numbers remain low. It has been well-demonstrated that those companies drawing on the talents, diverse mindsets, and leadership skills of women, attain better business outcomes. The Rosenzweig Report plays a critical role in showing a realistic profile of where we stand today, and, in exposing Canadian businesses to the clear benefits of bringing women into the C-suite and onto corporate boards. To make broad, meaningful progress requires us to understand the current gaps that exist with a lack of diversity at the top of many Canadian corporations, along with the great competitive value to be had in championing progress in this area.”

Heather Munroe-Blum, Chair, Canada Pension Plan Investment Board; Director, RBC Financial Group; Former Principal and Vice-Chancellor, McGill University; Member, 30% Club

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“Simply put, empowering women is empowering Canada. The struggle for human rights, for women’s rights, for equality, is the struggle for ourselves. In what we say, and more importantly, in what we do in this case and cause for equality in general, and women’s rights in particular, we will be making a statement about ourselves as a people. Accordingly, we must ensure that the struggle for gender equality is a priority on the national and international agenda.”

Irwin Cotler, Former Minister of Justice & Attorney General of Canada and Member of Parliament; Emeritus Professor of Law (McGill University); International Human Rights Lawyer


“The Rosenzweig Report is a useful report card proving that Canadian companies are not doing enough to promote women into the highest levels of corporate leadership. I am personally proud of the fact that I was recruited into Manulife by a senior female executive, that Manulife led large publicly-traded financial institutions globally when our Board elected Gail Cook-Bennett as Chair back in 2008, and that 36% of our independent directors are now women... but there is clearly more to do here and elsewhere. Along with other forms of diversity, promoting capable women is just smart business.”

Donald Guloien, President and Chief Executive Officer, Manulife Financial; Member, 30% Club


“As a woman born into a generation whose mothers wore boned girdles while our older sisters burned their bras, I grew up with the false belief that opportunities would abound. I applaud the progress made to date, but this year’s report shows just how far we still need to go. And not just to gain access to the C-suite, but to those basic needs that insure survival. Gender-based discrimination is one of the most ubiquitous forms of discrimination that children face. We must work harder to provide girls around the globe with what they need to move up whichever ladder they choose.”

Caryl M Stern, President & CEO of the US Fund for UNICEF


“While the trend line is positive, this year’s Report shows how much more needs to be done. As half the population is female, their under-representation in corporate leadership means Canada’s business elite is missing some of its best potential talent. When half the federal cabinet and 30% of Canada’s provincial premiers are female, and Linda Hasenfratz is Chair of the Business Council of Canada (formerly CCCE) it’s time for corporate Canada to up its game. After all, it’s 2016.”

John Manley, Chief Executive Officer, Business Council of Canada; Chair, CIBC; Director, Telus; Former Deputy Prime Minister, Minister of Finance, Minister of Foreign Affairs of Canada; Member, 30% Club


“There is a profound generational change underway as female executives are increasingly taking their place in the ranks of corporate management. In time, they will also take their place in ever increasing numbers among the Named Executive Officers as corporations draw upon their full talent pool for their leadership. I am proud that BMO Financial Group is a national leader in this respect.”

Robert Prichard, Chair, BMO Financial Group; Chair, Torys; Chair, Metrolinx; Director, George Weston Limited; President Emeritus, University of Toronto; Member, 30% Club


“The Rosenzweig & Company Annual Report 2016 provides important analysis about the accomplishments women continue to make as business, non-profit and public-sector leaders. I have always taken such great pride in the number of smart, strong-willed and successful women who hold executive leadership roles at Mississauga City Hall, and in important positions throughout our City. We can always do better and the insights from the Rosenzweig & Company Annual Report 2016 can position all organizations and emerging female leaders to reach higher, and break through glass ceilings.”

Bonnie Crombie, Mayor, Mississauga


“We all know the old saying that what gets measured, get’s done. Let’s hope this report keeps moving the yardsticks.”

Janet Ecker, President and Chief Executive Officer, Toronto Financial Services Alliance; Former Minister of Finance, Government of Ontario


“While the numbers appear to be relatively flat year over year, I am encouraged by the leadership we have seen in Canada coming from men like Prime Minister Trudeau and Jay Rosenzweig, who bring the issue of gender equality to the forefront. I am hopeful that these efforts will ignite corporations to speed up the pace of change.”

Debra Kelly-Ennis, Board Director, Carnival Corp.; Board Director, Altria; Board Director, Pulte Homes; Board Emeritus, Dress for Success Worldwide; Former Chief Executive Officer, Diageo Canada


“An increasing number of women on boards of directors is encouraging and is likely to lead to more executive officers, too. The number of female directors in Canada now exceeds 20 percent so I’m confident the number of women in the executive ranks will begin to increase at a faster pace as the pipeline continues to develop and companies continue to focus on the value of diversity.”

Leslie O’Donoghue, Executive Vice-President, Corporate Development & Strategy, and Chief Risk Officer, Agrium


“We’ve seen good progress with women in executive roles in corporate Canada and I’m proud of the work BMO has done to support female leaders across our bank. This is an important journey, and like most marathons, the last mile is often the hardest and the most rewarding. While there’s more work to do, I’m confident that with such strong talent across many industries, we’ll continue to see more women excel in executive roles.”

Joanna Rotenberg, Head, Personal Wealth Management, BMO Financial Group

“Corporate Canada lags globally when it comes to gender diversity in corporate leadership and this comes at a cost to the competitiveness of our economy. The decline in women in top executive roles in 2015 indicates that the vast majority of companies in Canada have not made a commitment to making progress on gender diversity in executive roles and on boards. In a country that is in significant need of greater innovation and productivity, it would seem obvious that capitalizing on 100% of the talent pool is critical to a more competitive economy. It is time we see corporate Canada commit to making meaningful strides towards increasing the representation of women in leadership.”

Jennifer Reynolds, President & CEO, Women in Capital Markets; Member, 30% Club

“We are literally awash in research that demonstrates the benefit of diverse boards and senior management teams. Increasing the number of women on a board of directors has been linked to improved financial performance, corporate social responsibility and an increased number of women in other high level positions. Yet in both the United States and Canada, we see little change. I am hopeful that research like the Rosenzweig report will continue to inspire and push companies to realize they need to do more and that diversity brings measurable benefits to shareholders.”

Kristin Luck, Growth Strategist & Board Advisor; Founder, Women in Research

“The business case that a more balanced gender (and general diversity) leadership yields better financial and other results has been made many times over. It is urgent that both the private and public sectors address this alarming and persistent imbalance with every tool available. The bottom line is that humans (especially those in powerful positions) stay entrenched and so do their advisors (like board/executive search firms who search only for those their clients want them to search for). A system like this breeds stasis or incremental change at best. A more open, innovative and, if necessary, compulsory system will allow for greater and faster executive and board diversification to take place thus yielding greater value for all stakeholders, including shareholders.”

Andrea Bonime-Blanc, CEO & Founder, GEC Risk Advisory; Author, The Reputation Risk Handbook; Advisory Board, Rosenzweig & Company; Keynote Speaker; Board Director

“It is fortunate that we have the 11th Annual Rosenzweig Report on Women in Leadership Roles in Corporate Canada. It sets the record straight that corporations need to be much more aggressive in promoting women to top positions. Not only is it in women’s best interest to do so, but it is in the best interest of companies that want to succeed.”

Judith Humphrey, Founder & Chief Creative Officer, The Humphrey Group; Advisory Board, Rosenzweig & Company; Author, Taking the Stage: How Women Can Speak Up, Stand Out, and Succeed

“Organizations must think more creatively and holistically about ways to engage, retain and advance women to the most senior ranks. According to a recent study Amex co-sponsored with Women of Influence, while 50% of women would define themselves as ambitious, only one-third see the C-suite as attainable and only onethird even aspire to it. There is huge opportunity to close this gap and organizations have a significant role to play here.”

Naomi Titleman, Head of Human Resources, Amex Canada