Only 150 out of 1000 Canadian companies had any diversity on boards. What is the business case for diversity on boards? There is no clear evidence that diverse boards create greater shareholder value. There is, however, evidence that diverse groups make better decisions and mitigate group-think.
Whether it is at the Pentagon, or the Toronto District School Board, the root of the problem is the same -- sweetheart deals made possible thanks to what's called closed tendering, allowing the well-connected to charge ridiculous rates for routine items or work. This is yet another example of outdated government policy that hurts our economy and reduces opportunities for individual workers and businesses.