Federal government releases diversity disclosure guidelines
Feb 03, 2021
On February 3, 2021, the Director General of Corporations Canada published guidelines with the goal of driving consistency in the diversity disclosure requirements for distributing corporations under the Canada Business Corporations Act.
These guidelines address how to effectively disclose:
- the timeframe for diversity information disclosure
- targets for representation on the board and among senior management and
- the number and percentage of directors from each of the designated groups on the board and among senior management.
The guidelines are provided to encourage corporations to disclose their diversity information yearly in a more consistent manner.
Review the guidelines on the Government of Canada's website.
