The 30% Club HK was honoured to host Victor G. Dodig, Chief Executive Officer of CIBC and Chair of the 30% Club Canada, as our guest speaker at a breakfast on Monday.
Mrs Stella Lau - Chair of the Women's Commission, and fifty male and female business leaders gathered at the American Club to hear Mr Dodig share his experiences as 30% Club Canada Chair and the progress the Club is making within the Canadian corporate landscape. Mr Dodig also spoke about his own background as the son of immigrants who came to Canada as refugees and how being given access to opportunities when he was younger has driven him to ensure others are able to reach their full potential.
Since assuming his role with CIBC in 2014, Mr Dodig has ushered in a new era for the bank positioning CIBC as a strong, innovative and relationship-oriented financial institution with a return on equity among the highest of its peers globally. CIBC currently has 38% female representation on its board and three of its four board committees are chaired by women. Women also occupy 30% of the bank's senior management positions. Mr Dodig addressed the need for organisations to integrate practices that encourage and develop diverse talent into their operating processes, to set diversity targets and continuously track progress, and to see talent diversity as a strategic imperative and competitive advantage.
We are very grateful to Mr Dodig for his powerful and invigorating remarks and for so generously sharing his insights and advice. With Prime Minister Trudeau also a strong advocate for gender diversity, clearly more of us should be looking to Canada for inspiration when it comes to cracking the glass ceiling and redoubling our efforts to increase the number of women on corporate boards in Hong Kong.
As Tim Payne, Co-Chair of the 30% Club HK, observed at the breakfast, "Victor presented an inspiring story of real progress being achieved in Canada and at CIBC that we can learn from in Hong Kong. He showed us that real, deep change comes from reforming processes to ensure organisations can leverage the talent of all their employees, women as well as men. That way diversity is truly good for business.”