OSC proposes rule amendments regarding disclosure of women on boards and in senior management
Jan 16, 2014
On January 16, the Ontario Securities Commission published proposed local amendments to Form 58-101F1 of National Instrument 58-101, Disclosure of Corporate Governance Practices.
The proposed amendments would require TSX-listed issuers (and other non-venture issuers) that are reporting issuers in Ontario to provide disclosure regarding the following matters on an annual basis:
- director term limits;
- policies regarding the representation of women on the board;
- the board’s or nominating committee’s consideration of the representation of women in the director identification and selection process;
- the issuer’s consideration of the representation of women in executive officer positions when making executive officer appointments;
- targets regarding the representation of women on the board and in executive officer positions; and
- the number of women on the board and in executive officer positions.
The comment period will end on April 16, 2014.
Review the proposals.
