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ASC seeks comment on proposed changes to disclosure requirements regarding the representation of women on boards and in senior management

  • Securities - ASC Image

Sep 14, 2016

On September 14, 2016, the Alberta Securities Commission (ASC) published for comment proposed amendments to National Instrument 58-101 Disclosure of Corporate Governance Practices (NI 58-101) and Form 58-101F1 Corporate Governance Disclosure.

The proposed amendments are intended to increase transparency for investors and other stakeholders of non-venture issuers regarding the representation of women on boards of directors and in senior management, as well as with respect to term limits or other mechanisms of board member renewal. The objective of the enhanced disclosure is to provide investors with information they may find helpful in making investment and voting decisions.

The amendments would align the disclosure requirements under NI 58-101 in Alberta with most other jurisdictions in Canada regarding the representation of women on the boards of directors and in executive officer positions.

The 30-day comment period will end on October 14, 2016.

Review the press release and the ASC Notice on the ASC's website.

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