The most troubling thing here is the timeline attached.  A tier 2 CRC is for 5 years, renewable once.  A Tier 1 is for seven years, renewable indefinitely.  So if equity targets have to be met in 24 months, are universities going to 'kick out' their current chairs?  The other option is that in order to meet their equity targets, almost every single chair position that comes vacant in the next 2 years will have to go to a woman or a visible minority.   I don't think this was well thought out.