We are very pleased to announce that UTAM’s President, Daren Smith, is now a member of the 30% Club Canada, joining a group of like-minded leaders who believe that gender balance on boards and in senior management not only encourages better leadership and governance, but diversity further contributes to better all-round board performance, and ultimately increased corporate performance for both companies and their shareholders. As a member of the 30% Club Canada, Daren supports and will promote the objectives of this initiative. The 30% Club is an international initiative, originating in the UK and now with associated chapters across the globe. For more information about the Canadian chapter, follow this link: https://30percentclub.org/about/chapters/canada
UTAM has also joined the Canadian Investor Group of the 30% Club Canada, committing our support to the group’s Statement of Intent. The Statement of Intent expresses our collective objective to achieve a minimum of 30% women on the boards and at the executive management level of S&P/TSX composite index companies by 2022. 30% is the level at which critical mass is achieved and contributions of a minority group cease being representative of that particular group and begin to be judged on their own merit. For more information about the Investor Group and for a copy of the Statement of Intent, follow this link: https://30percentclub.org/initiatives/investor-group
Diversity, inclusion, respect, and civility are among the University of Toronto’s fundamental values and as the investment manager and affiliate of the University of Toronto, UTAM shares these values. We look forward to working with the 30% Club Canada and the Canadian Investor Group to achieve our shared objectives.