Some of Canada's largest firms are surpassing their counterparts in the U.S. and U.K. when it comes to the number of women they have on their corporate boards, according to a Spencer Stuart study. Women held one-fifth of board spots at Canadian companies, the study said, while women held just 17% of the seats at U.S. companies of a comparable size. "We are encouraged by the numbers because there was so little movement for so long," said Tanya van Biesen, Spencer Stuart's co-head of diversity practice.

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