OSC Proposes New Rules Requiring Disclosure of Participation of Women on Boards and in Senior Management
The following article may be of interest to readers of this blog: OSC Proposes New Rules Requiring Disclosure of Participation of Women on Boards and in Senior Management
As part of the Ontario government’s efforts to foster increased gender diversity on the boards and in the senior ranks of Canada’s largest companies, the Ontario Securities Commission (OSC) recently published for comment until April 16, 2014 proposed amendments to the existing governance disclosure rules contained in National Instrument 58-101 — Disclosure of Corporate Governance Practices (Proposed Amendments) that would require public companies which are Ontario reporting issuers to provide disclosure in their management proxy circulars (or in their AIF, if no circular is sent to their securityholders) regarding the representation of women on their boards and in executive officer positions. Read More.
“comply or explain” board of directors corporate governance disclosure National Instrument 58-101 NI 58-101 TSX women on boards