Home News Bank of Canada Bats for Diversity, Appoints Women Deputy Governors

Bank of Canada Bats for Diversity, Appoints Women Deputy Governors

Bank of Canada Bats for Diversity, Appoints Women Deputy Governors

The Bank of Canada will soon have two women as members of its governing council. The first woman to be part of the six-member council is Sharon Kozicki, who will assume charge as deputy governor starting August 2021. In December, another woman will join the council when Carolyn Rogers joins as the new senior deputy governor. The Bank is trying to rectify the drop in the number of women members in its staff that has taken place over the past six years. It is also trying to encourage more people from minority communities, as part of the diversity and inclusion strategy officially launched by the Bank early this year.

The move is expected to result in more diverse views and analyses within the organization, even while ensuring smooth succession in the event of future retirement. Kozicki has been lending advice to governors of the Bank for almost eight years now. She has contributed to the production of the quarterly Monetary Policy Report, and will now oversee the Bank’s financial system activities with Toni Gravelle, deputy governor. Carolyn Wilkins, former senior deputy governor, who was the only woman policymaker in a senior position, quit in December 2020, when she lost to Tiff Mackle, who became governor. Macklem had assured that he would ensure more diversity in the senior leadership ranks of the Bank. By promoting Kozicki, who was was earlier the US Federal Reserve economist to Governing Council, he has kept his promise.

Eskalera, a Startup Led by Goldman Sachs’ Former HR Head Has Launched a Diversity and Inclusion Index

Eskalera, a technology startup led by Goldman Sachs former human resources head Dane Holmes, has launched an index to measure corporate diversity and inclusiveness,...

HSBC to Remove 35,000 Jobs Amidst Covid-19 Crises

HSBC Holdings Plc has restarted cutting as many as 35,000 jobs, three months after the coronavirus outbreak forced it to pause a long-awaited overhaul...

Genpact Offers Its Internal Skill Training Program Globally for Everyone

Genpact has announced Adapt and Rise, a role-based online learning platform that leverages Genpact's expertise honed from delivering real-world change for hundreds of clients....

San-Francisco Based Learning Platform Degreed Has Raised $32 Million in New Funding

The upskilling platform, Degreed, has announced $32 million in new funding in direct response to overwhelming demand for better skill insights, talent mobility, and...

Research Shows the Implications of Workplace Layouts on Employee Productivity and Overall Performance

As some workplaces prepare for the gradual return of employees and overhaul office layouts and seating plans, research has shown this could also have...

Employee Concierge ‘Back Technologies’ Integrates Automation Into Internal HR and Other Support Tasks

Companies are under increasing pressure to automate workflows and digitally service their employees, particularly in light of trends toward remote work. It takes an...

HR Strategies to Help Your Business Navigate the New ‘Normal’

No business is immune to the massive changes resulting from the health crisis. Organizations have proven themselves to be agile, and employees have demonstrated...

The Importance Of Diversity And Inclusion In HR, Hiring, Talent Management: Thoughts From A Top Expert

Michael C. Hyter is one of today’s best-known experts on inclusion and diversity and the author of The Power of Choice: Embracing Efficacy to Drive Your Career and The...

HR Expert Highlights Actionable Steps to ‘Make Real Change’ Against Racism in Your Workplace

Kyra Leigh Sutton, Ph.D., is a faculty member at the Rutgers University School of Management and Labor Relations, where she teaches human resources courses...

Adidas Employees Want Company to Investigate HR Chief for Response to Racial Issues

A group of Adidas employees from around the globe is asking the company to investigate its chief human resources officer, as part of a...