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The federal government of Canada has announced the launch of the “50-30 challenge”. Its stated goal is to advance and recognize diversity, inclusion and economic prosperity across the country. Through this challenge, the government calls for increasing gender parity and representation of under-represented groups in public and private organizations, and not among the usual employees, but at the level of the boards and senior management.
The goals of the challenge are:
– Gender parity (50%) in Canadian boardrooms
– Significant representation (30%) of all aforementioned marginalised groups into senior management roles.
Apparently, not all organizations are eager to accept the terms of the new challenge and implement this framework for their staff. Therefore, within the framework of the new initiative, the government is also going to invest $33 million for the development of tools and resources to help participating organizations advance diversity and inclusion in workplaces. Innovation, Science and Economic Development Canada (ISED) will leverage its programs to encourage companies that receive ISED funding to advance diversity and inclusion within their organizations.
To promote the challenge among companies Canadian Manufacturers & Exporters (CME) is used, which were among the first to announce their participation. CME is a large trade and industry association – the voice of manufacturing and global business in Canada. CME is a member-driven association that directly represents more than 2,500 leading companies who account for an estimated 82% of manufacturing output and 90% of Canada’s exports. The association seems to be the main promoter of the new challenge among thousands of its partners.
“The challenge complements CME’s previous efforts to boost diversity in the manufacturing sector, such as our Women in Manufacturing (WIM) initiative,” says Dennis Darby, president and CEO of CME.
CME, which actively participates in numerous “initiatives”, seems to be the mainstay of the promotion of “challenges” among Canadian business organizations.
The American Flag seen behind a sign for Wall Street near the New York Stock Exchange. UPI/John Angelillo
Canada follows in the footsteps of the United States.
In December, local business representatives in California opposed a law that requires every company to have at least two or three minority representatives in the boardrooms. Previously, California has already passed a law that requires at least one woman to take part in the boardrooms of each company. In their turn, entrepreneurs claim that the law restricts the freedom of entrepreneurship. The law are passing despite the fact that California’s campaigns are already among the most successful in the world, and need no upgrade in HR.
The US stock exchange NASDAQ has announced that it will not allow companies to enter its platform if at least two representatives of minorities or women are not present on their directorate.
“… the rules would require most Nasdaq-listed companies to have, or explain why they do not have, at least two diverse directors, including one who self-identifies as female and one who self-identifies as either an underrepresented minority1 or LGBTQ+. Foreign companies and smaller reporting companies would have additional flexibility in satisfying this requirement with two female directors.” – the statement by NASDAQ reads.
In January, the investment bank Goldman Sachs, one of the largest underwriters of initial public offerings, claimed that would not take companies public in the United States and Europe if they do not have at least one diverse board director.
CEO of Goldman Sachs David Solomon at Reinvent 2019
According to the U.S. House of Representatives, the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) created the Offices of Minority and Women Inclusion (OMWI) in part to begin to hold industry accountable for diversity and inclusion. Despite this explicit authority, the prudential regulators, including the Federal Reserve Board of Governors, Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Currency (OCC), issued guidance (known as the Joint Standards) that permits banks and other institutions to comply with the OMWIs’ requests for diversity and inclusion data voluntarily.
According to the report, since the adoption of the Joint Standards, banks have only marginally participated in requests from the OMWIs. Further, the little data that is collected is not publicly available.
America’s 44 largest bank holding companies and savings and loan holding companies were asked to share their diversity data.
The analysis unveiled that:
- Banks’ boards of directors are not diverse;
- Banks’ senior employees are not diverse; and,
- Banks have limited spending and investments with diverse firms
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The charts below show that the major banks of the U.S. remain mainly white and male.
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The main reason of the low level of diversity and inclusiveness is the “lack of candidates with the necessary educational background and experience.”
However, the activists that are supporting the minorities do not stop by pushing pressure on business and find more ways to express themselves. For example, the Washington Examiner reported that transgender activists in the United States were urging all children to take puberty blockers until they can make an informed decision about their gender.
Apparently, similar initiatives should be expected in other western countries like Canada or European countries that blindly follow the US agenda.
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Public management, both in state structures and in private firms of various scales, risks of losing competence. Staff will be selected for chief positions not depending on the candidates’ professional competencies, their skills, but based on their skin color and sexual preferences.
Representatives of minorities are supported not because the law level of their representation, but because such a framework allows to weaken the leading management structures. People who are appointed to high positions not for merit and according to subjective criteria most likely will not be able to make independent decisions. Those who de facto influence the processes are not public.
Modern Western societies are ruled not by those who are constantly shown on the TV screen, not by public figures, but by those who really control the main world capitals and have significant global influence. Struggle for the rights of minorities in such cases is nothing more but a front for real processes in a perverted neoliberal society.
These are deep waters beyond my comprehension. If only Tommy Jensen could untie this Gordian Knot of these most important issues of all times and peoples with his advizes and logiks!
See my link above, explained! The problem is as Yuri says, the sheeple meet an irreversible point. After this point they are lost stone dead and you cannot convince them of anything factual until they get an iron boot in their balls.
Clima change is easy. Its an reverse financial abstraction like swap loans and derivates. Instead of controlling the consumption of oil and fuel consumption to favoured prices to favoured countries, they reverse it and control the outlet CO2.
Pentagon, Nato, arms, rich people, volcanos, permafrost layer, tectonics, animal farts exempted. Only common peoples transport, heating, travels, factory jobs, small business, included in the CO2 models, to wealth distribute their CO2 quote (oil energy) to China and third nations. The money exchangers sitting as global middle men exchanging CO2 and profit, the media and sheeple fooling around as useful idiots “saving the planet”
They were allready defeated,they can bark,but still, they can’t build anything for sht let alone for the fk of it:
If they enforce that system then good-bye Canada; glad I don’t live there.
Its the opposite. We get much less artificial confrontation and things are better by that.
Its a fact 10% are in the LGBT secot all over the world and people has not made themself. So we have to take care of, whats comming out.
Its the same with several other things. Using contraseption and make no unwanted children is a good thing but not enough.
I do remeber how it was before abortíon. It instead was made on kitcehentables and in batrooms by granmothers and others. I also remember the many mothers being named as hores, prostitutes adn looked down on the rest of their lives.
I remember the children getting nicknames such and bastards and worse and blamed all their lives and many didnt get education because none will have them.
So Im for deescaltion and including those many, which are a fact and also to to force them to marrige as some camouflage.
Naming it as good-bye Canada is not the vision, We have changed to the much better.
I often see little men like You prefare women married before 18 years old and kept under control by no educatioin, job and bought by Your kind leeeping them even mpe stupid, then Yourself.
I dont think the world should accept that ancient tradition as well.
pure stupidity jenny….demographers in civilized nations claim 4%–except Denmark—50%
Let me know your address, and we will kindly send you all we have as an early Christmas present.!!!
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Put at the helm not those who are capable but those who are black or sexually deviant and then hope that God will send you good, good navigation.
Broads, dgenerates, savages give them all positions of power they deserve it, they deserve it because we are now weak and flabby.
As a young boy I grew up reading a multitude of articles that ALL claimed homosexuals were much more intelligent, more artistically inclined, and more in tune with their emotions than heterosexuals are, but they all lied to me. Gay people aren’t more intelligent, more artistically inclined, or more in tune with their emotions than heterosexuals are, they’re no smarter than the average hetero, definitely aren’t better artist [unless you include expressionism, surrealism and the other rubbish they call art], and are actually more emotionally unstable than the least stable heterosexuals. Even though you can’t really change your gender many gay people still want to, does that make them or the people who support them intelligent, I don’t think it does, insane more likely. And why is it that suicide rates for homosexuals is so high, many times higher than the hetero rate, and that’s after they’ve gotten all the freedoms they’ve ever wanted. If you check suicide rates for different countries you’ll find the highest rates are in the pro LGBTQI nations, and that’s despite the fact those nations usually have a higher standard of living than anti LGBTQI nation, and all the gay freedoms a gay person could ever want. In the nations that still oppress homosexuality suicide rates are usually much lower, and that’s despite the fact the people in those countries usually live under more authoritarian governments, have lower standards of living, poorer health care ect, you’d think it’d be the opposite. More kids commit suicide now than they ever have, in ancient times we sent them down coalmines, gave them no rights whatsoever, abandoned them when we couldn’t afford to feed them, and much much worse, but they very rarely committed suicide, but now they have everything we we’re told they could want, they commit suicide in numbers that are fast becoming unsustainable for human continuity. The problem is we listened to the emotionally confused homosexuals, they told us what children needed and we stupidly listened to them, and then we did what they suggested, now children and adult homosexuals kill themselves faster than they ever did before. I’ve gone right off Putin lately but he did do the most important thing any democratic world leader has ever done during modern times, he introduced the 2 best laws the worlds ever seen back in 2005/6, he banned the promotion of LGBTQI material to Russian children under the age of 15. And if you want to know how to drop a countries suicide rate as quickly as it’s rising, adopt those same laws Putin introduced, from going through the roof to under the average in just a few years, and yet every other countries ignoring that data. F–k diversity quotas, I don’t want to be a midwife and most girls don’t want to grow up to be brave warriors or brilliant military commander, the new star wars movies and others like it are just pure fantasy, they brainwash girls into thinking they’re supposed to be like that, and sadly now also teach little boys that women are ALWAYS smarter, braver, more moralistic, and in all ways better than a man, they’re no longer just our equals. Diversity quotas purposely ignore natural science, and I think you only ignore natural science at your own peril, we’ve yet to reap the rewards of what we’ve sown, we still haven’t got to the end of this new experiment we’re all included in. God help the world, insane people run it now.
Fock gays. If you wanna shoot shoot, dont talk.
Go grab a gun and shoot yourself you idiot.
not diversity but decadence–the reduction of thinking to fake identities and incompetence
So, Canada’s idea of equality for their minorities and specially natives (redskins has no negative weight whatsoever in my mother tongue, Persian – the same as whiteskin, blackskin or yellowskin which we use to describe different races) evolved from forcefully encamp and sterile them into forcefully turning them into corporate hacks and arseholes? What a great society!
All those years I used to think that the illusion of democracy is the dictatorship of majority (>%50) on the minority (%95 must be so very careful to follow every guideline the <%5 forces down their throats or else. And no, I'm not talking about rich vs poor! An example would be straight male or females obeying the dictate of any of 70-something other new-founded genders. Turned out, hurting their feelings is much worse than bombing, starving and murdering the whole population of a couple of countries.
This video speaks for itself. https://www.youtube.com/watch?v=_bdS2PjNAvg