Taking Advancement of Women Global2007 Colloquium on Global Diversity

Washington D.C.March 8 - 9, 2007

Agenda

• About Scotiabank

• Early Approach

• Relaunch

• Success

• Taking It Global

About Scotiabank

Scotiabank and its affiliates serve approximately 12 million customers through close to 2,200 branches and offices with nearly 57,000 employees in some 50 countries around the world.*

* Each dot indicates a branch or office in a major centre.

Scotiabank is pursuing today’s global opportunities as the most international of Canada’s major banks.

Background – Advancement of Women (AoW)

• Taskforce

• Compliance

• No accountability

• No visibility

• No progress

Relaunch of AoW Initiative

• Initiative Relaunched

• Global Employee of Choice

• Strong Business Case

• Senior Level Steering Committee

The Business Case

• Improve Business Performance

• Maintain competitive position in the war for talent

• Leverage existing diverse talent pool

AoW Strategic Framework

• Senior Management Commitment

• Accountability Framework

• Networks

• Leverage External Presence

• Broaden & Deepen Talent Pool

• Clarify the Career Advancement Process

• Mentoring

Success

• Leveraging our Canadian success

• Laying the groundwork for International

Taking AoW Global

AoW Governance Structure

Corporate HR

WIN Champion

Country Head/Local

HR

AoW Field Committee

Steering Committee

• Cultural Variances/Diverse Regions

• Absence of Metrics

• Lack of Role Models

• Concept of Work/Life Balance

• Integration Activities

Learnings

• Local research

• Establishing benchmarks

• Communicating business case, objectives &

goals

• Localization

• Staying business-focused

Critical Success Factors

• Launched AoW to pilot countries in 2006

• Commitment to launch to remaining countries

by end of 2007

Where We Are Today

• Business case that addresses local cultural and

societal factors

• Securing and demonstrating senior-level

commitment

• Momentum and visibility

Embedding AoW in International

Progress to Date

• Bahamas

• Barbados

• Chile

• Dominican Republic

• Trinidad & Tobago

• Puerto Rico

• Mexico

• Mexico – Top 50 ‘Great Places to Work’

• Dominican Republic – 3rd Most Admired

Organization

• Trinidad & Tobago – Employer of Choice for

Women

• 1st Female Region Head

• Female Country Heads

We’re on the Right Track

What’s Next for Scotiabank

• Strengthen our Global Employer of Choice

position

• Sustain results achieved in Canada by extending

deeper into the talent pool

• Maintain momentum in International by

supporting the global launch/execution of the

Advancement of Women initiative

Questions?