talks

CHANGING THE RATIO

Credits: Women in Governance.

Credits: Women in Governance.

CHANGING THE RATIO

Caroline Codsi
Founder, Women in Governance

Credits: Women in Governance.

Why did I feel it was interesting to interview Caroline? She is a Canadian business leader, advocate for equity, and the founder of Women in Governance, a non-profit organization established in 2010 to promote women’s access to decision-making roles in the workplace. Born in war-torn Beirut, Lebanon, Caroline’s early experiences instilled in her a profound resilience and commitment to social justice. Her work bridges corporate leadership and activism, blending high-level board involvement—including roles at the Montreal Museum of Fine Arts and Alexa Translations—with a passion for systemic change. Known for her eloquence and clarity of vision, she has taken the stage at TEDxMontrealWomen and beyond to share her insights on gender parity and inclusive leadership.

This interview is not just a personal portrait—it is a powerful testament to how one woman’s journey through conflict, culture, and corporate corridors became a catalyst for lasting change. Caroline’s story is rich with complexity: shaped by war yet driven by hope, influenced by powerful familial role models yet deeply self-made. Her insights expose the structural challenges facing women in leadership, while offering actionable strategies to dismantle them. What makes this conversation particularly compelling is how she merges personal vulnerability with bold, system-level thinking—making it both deeply human and politically urgent. In an age where equity is often discussed but rarely realized, she offers clarity, courage, and a roadmap for change.

Here’s our exchange:

Where are you originally from, and what was your childhood like there?

I was born and raised in Beirut, Lebanon, at a time when the city’s beauty and vibrancy were overshadowed by the realities of the Lebanese Civil War. My earliest years unfolded against the backdrop of sirens, shelter drills, and the ever-present uncertainty of conflict. Yet, amidst the turbulence, Beirut’s spirit remained indomitable—a city that refused to let fear define it. The cultural richness, intellectual curiosity, and profound warmth of the Lebanese people shaped me deeply. My childhood was a paradox: the trauma of war forced me to grow up quickly, but it also awakened in me an extraordinary sense of hope, adaptability, and empathy. Living through adversity so young, I learned that resilience is not just about surviving—it’s about finding purpose in the struggle and remaining open to beauty and possibility even in the darkest moments. These early experiences planted the seeds of my lifelong commitment to equity and inclusion.

What was your family dynamic, and who were the key figures in your upbringing?

I come from a loving and close-knit Lebanese family where mutual support and unwavering perseverance were not just values, but ways of life. My parents were my pillars—each remarkable in their own way. My father stood out in our traditional context for his forward-thinking commitment to education and gender equality, always championing my independence and giving me the confidence to dream beyond any prescribed limits. My mother, who was known for her beauty, dazzled everyone with her brilliance and inspired not just admiration, but respect. Her wit, her courage, and her unwavering feminism made her a true model for me. She brought joy and vitality into our home, finding happiness in the smallest moments and encouraging spirited debate at our table. Together, my parents created a household alive with laughter, resilience, and the belief that anything could be overcome as a family. The lessons of integrity, strength, and conviction that I carry with me today are the greatest gifts they ever gave me and my brother.

Who were the most influential people in your youth, and what lessons did you learn from them?

The most influential people in my youth, beyond my immediate family, were a remarkable constellation of both women and men who shaped my worldview during those formative teenage years. Among them were teachers, mentors, and family friends from all walks of life. The women in my circle inspired me with their determination, resilience, and refusal to let societal expectations dictate their ambitions. They taught me that conviction and courage are strengths to be celebrated, not silenced.

At the same time, I benefited greatly from male mentors—teachers and family friends who believed in my potential, championed my independence, and opened doors that might otherwise have remained closed. Their support reminded me that true allies understand the importance of equity and are willing to use their influence to help others rise.

From all of them, I learned that lasting change happens when people of all genders work together to challenge limitations, uplift one another, and expand opportunities for everyone. Their guidance reinforced the power of mentorship, the value of community, and the profound impact of solidarity across differences. It is because of their example and support that I remain so passionate about building inclusive pathways and breaking barriers for the next generation.

What is one of your earliest memories, and how do you think it shaped who you are today?

One of my clearest early memories is the sound of distant shelling and the ritual of rushing to the basement shelter with my family. Even as a child, I could sense my parents’ fear, but also their resolve to shield us with hope and reassurance. I remember clutching my mother’s hand, listening to my father’s calm words that everything would be alright. That experience left an indelible mark on me. It taught me to hold onto hope, no matter the circumstances, and to project calm in times of crisis. Today, whether I am leading an organization through uncertainty or advocating for systemic change, I draw on that childhood lesson: true leadership is not about being unafraid, but about choosing hope and action in the face of fear.

Were there any cultural or family traditions from your childhood that helped define your values?

Lebanese culture is rooted in generosity, hospitality, and the unwavering belief that we are all responsible for one another. My family practiced these values daily—our door was always open, and everyone was welcome at our table. I grew up understanding that success is not measured solely by personal achievement, but by how many people you can bring along with you. These traditions have deeply informed my approach to leadership and advocacy. Whether mentoring the next generation, building inclusive communities, or designing equity programs, I am guided by the conviction that our individual progress means little unless it contributes to the collective good.

What values guide your professional work, and how do you implement them in your daily operations?

Integrity, courage, equity, and lasting impact are at the heart of everything I do. I believe in speaking truth to power, challenging systems that perpetuate inequality, and holding myself and others accountable to the highest ethical standards. In my daily work, this means being relentless in my advocacy for women, insisting on transparency and measurable results, and modeling inclusive leadership in every space I enter. At Women in Governance, we have woven these values into the fabric of our Parity Certification and consulting work, ensuring that our actions lead not just to short-term wins, but to enduring, systemic transformation.

Your journey from growing up in the midst of the Lebanese Civil War to becoming a leading advocate for women’s governance in Canada is remarkable. How has your early life shaped your leadership philosophy and approach to resilience?

Living through conflict taught me that resilience is not simply about withstanding hardship—it is about harnessing adversity as a catalyst for change. Every challenge I have faced, from war to the systemic barriers in boardrooms, has reinforced my conviction that obstacles are not endpoints but invitations to innovate, connect, and lead with purpose. My leadership philosophy is rooted in the belief that true progress is collective, not individual. I strive to build coalitions, foster trust, and inspire others to see their struggles not as setbacks, but as fuel for transformation. Having survived war, I know that no obstacle is insurmountable—and that real change is always possible, even against daunting odds.

Your organization, Women in Governance, has been instrumental in supporting women’s career advancement. What have been the biggest challenges in implementing the Parity Certification, and how do you measure its long-term impact?

One of our greatest challenges has been overcoming organizational inertia—the tendency of even well-intentioned companies to maintain the status quo. Many organizations want to be seen as progressive, but true commitment to equity requires a willingness to confront uncomfortable truths and fundamentally change long-standing practices. The Parity Certification is more than a badge; it is a catalyst for deep, structural transformation. To measure impact, we look beyond the numbers. We assess not only how many women are hired or promoted, but how inclusive the workplace culture truly is, how many women are retained and advanced, and how committed leaders are to sustaining progress over time. The real victories come when women break through barriers and rise—not because the optics demand it, but because the system has evolved to recognize and reward their full potential.

The gender gap in corporate leadership remains a persistent issue despite increased awareness and initiatives. What do you think are the most overlooked structural barriers preventing women from reaching executive positions?

The most persistent barriers are often invisible: unconscious bias in hiring and promotion, the lack of influential sponsors for women, and rigid workplace structures that penalize anyone who doesn’t fit the traditional mold. Too many organizations still select leaders in their own image, overlooking diverse talent and perspectives. Women, especially mothers, are disproportionately affected by inflexible work models and the assumption that ambition and caregiving are mutually exclusive. Overcoming these barriers requires a fundamental shift in how we define leadership, value difference, and build environments where all people can thrive.

You have worked at high levels of corporate leadership before fully committing to advocacy. What was the turning point that made you decide to dedicate yourself entirely to advancing women in leadership?

My turning point came when I realized that working within the system was not enough. I saw too many brilliant, qualified women sidelined while less qualified men continued to advance. It became clear to me that incremental change would never be sufficient—that the real work was to challenge and transform the system itself. I chose to devote myself to building Women in Governance because I knew that until we dismantle structural barriers and hold institutions accountable, true equity would remain out of reach for far too many.

What strategies have you found most effective in holding companies accountable for real change?

Accountability starts with transparency. Public reporting of diversity data and outcomes creates external pressure and fosters a culture of honesty. The Parity Certification has been transformative because it provides both a benchmark and a roadmap for organizations seeking real change. It is not enough to set targets; leaders must invest personally and consistently in equity efforts. We work closely with CEOs and boards to ensure that commitment to gender parity is more than a statement—it is an integral part of their business strategy and organizational DNA.

What is the most common misconception about gender equality in the workplace that you try to dispel?

The most pervasive misconception is that advancing gender equity means lowering the bar or giving women special treatment. In reality, true equity is about leveling the playing field and removing barriers that never existed for men. It’s about ensuring that all talent has an equal opportunity to thrive, and that organizations benefit from the full diversity of perspectives and experiences.

Do you believe government regulations should play a stronger role in enforcing gender parity, or should it remain the responsibility of private institutions?

Progress requires both. Voluntary action alone is too slow and too often lacks teeth. Strong government regulations—such as the gender quotas that have driven remarkable progress in Europe—set essential standards and force institutions to act. At the same time, sustainable change must be owned by organizations themselves. Private institutions need to embed equity into their culture and processes, ensuring that progress endures beyond any one leader or policy.

With the rise of AI and automation, how do you see these changes affecting gender equity in leadership?

AI and automation have the potential either to accelerate diversity or entrench existing biases, depending on how they are designed and implemented. If AI systems are built on biased data or developed without diverse input, they will replicate and even magnify the exclusion of women from leadership. The future demands that companies are intentional about embedding equity into every layer of technology and decision-making—diversifying teams, auditing algorithms, and ensuring that innovation is truly inclusive. The stakes could not be higher, as these technologies will shape opportunity for generations to come.

Have you observed differences in how gender equality is pursued in North America versus other regions?

Absolutely. North America tends to rely on voluntary corporate policies and the moral argument for diversity, while Europe has advanced much more quickly through legislative action—such as quotas and mandatory disclosures. In other parts of the world, progress is often impeded by deeply rooted cultural or religious norms. What is clear everywhere is that real progress requires both external pressure and internal conviction. The approaches may differ, but the need for persistent, coordinated action is universal.

What advice do you give to young women who aspire to leadership positions but face systemic or personal barriers?

Refuse to let others define your boundaries. Seek out sponsors—those who will actively champion your advancement—not just mentors who advise from the sidelines. Build a robust network, support other women, and never underestimate the value of solidarity. Obstacles are inevitable, but every barrier broken becomes a bridge for someone else. Remember: your voice and presence matter, even—and especially—when the system is not built for you.

Looking ahead, what is your vision for Women in Governance in the next decade?

I envision a world where parity in leadership is not an aspiration, but an expectation. In the coming decade, Women in Governance will continue to expand globally, shaping policy, influencing business practices, and building cultures where gender equity is woven into the fabric of every institution. Our goal is not only to advance women, but to transform the systems and mindsets that have held them back for far too long. I am confident that together, we can create a legacy where women in leadership is simply the norm.

Do you believe people create their own purpose, or is it something they discover?

I believe purpose is uncovered through our lived experiences—the challenges we face, the injustices that move us, and the passions that ignite us. It is a journey of self-discovery, shaped by both hardship and hope. For me, purpose revealed itself as I witnessed the power of equity to transform lives and societies. It continues to evolve as I learn, grow, and strive to make a meaningful impact.

What role does uncertainty play in how you approach life and make decisions?

Uncertainty is a constant companion, but I have learned not to fear it. Instead, I embrace the unknown as a space of possibility and growth. Every major decision I have made was born out of uncertainty—leaving home, changing careers, challenging systems. What matters is not the absence of fear, but the willingness to act in spite of it, driven by a vision of what is possible.

If you had the power to solve one global problem, which one would you choose and why?

Without hesitation, I would choose to eradicate gender inequality. When women thrive, economies prosper, communities are healthier, and societies are more just. Achieving true gender equity is not just a moral imperative—it is a catalyst for collective progress on every front.

Imagine you are in the final moments of your life. What news related to your work would you like to hear, and why?

I would want to hear that gender parity in leadership is no longer a goal to be fought for, but a reality that is simply taken for granted. That the next generation of women—and men—no longer face the barriers that defined my own journey. When that day comes, we will have unleashed the full potential of our societies, and every girl will know that she can dream, lead, and thrive without limits.