OSC proposes rule amendments regarding disclosure of women on boards and in senior management

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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:

  1. director term limits;
  2. policies regarding the representation of women on the board;
  3. the board’s or nominating committee’s consideration of the representation of women in the director identification and selection process;
  4. the issuer’s consideration of the representation of women in executive officer positions when making executive officer appointments;
  5. targets regarding the representation of women on the board and in executive officer positions; and
  6. the number of women on the board and in executive officer positions.

The comment period will end on April 16, 2014.

Review the proposals.

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