Women made up nearly half of all new board appointments to Canadian public companies over the last year but they still make up less than one-third of board members, according to a report by law firm Osler, Hoskin & Harcourt.

Among the 532 board positions that were newly created or vacated, a woman was chosen to fill the position 45.3% of the time, said Osler’s 2023 Diversity Disclosure Practices report. This significantly reduced the number of one-woman boards.