Canadian securities regulators release fourth review regarding women on boards and executive officer positions
Sep 27, 2018
On September 27, 2018, the securities regulatory authorities in Alberta, Manitoba, New Brunswick, Nova Scotia, Ontario, Quebec and Saskatchewan (the participating jurisdictions) published CSA Multilateral Staff Notice 58-310 "Report on Fourth Staff Review of Disclosure regarding Women on Boards and in Executive Officer Positions".
Key trends outlined in this year’s review include:
- The total percentage of board seats held by women increased to 15 per cent in 2018 from 11 per cent in 2015.
- When board seats became available and were filled, nearly three in 10 were filled by women.
- The number of issuers with at least one woman on their board increased to 66 per cent in 2018, from 49 per cent in 2015.
- 42 per cent of issuers had adopted a policy on identifying and nominating women directors in 2018, representing an almost three-fold increase since 2015.
- Issuers that adopted targets for the representation of women on their boards increased to 16 per cent in 2018 from 7 per cent in 2015.
- The number of issuers with at least one woman in executive officer positions increased to 66 per cent in 2018, from 60 per cent in 2015.
Review the press release on the CSA's website and the Staff Notice on the participating jurisdictions' website.
Related Topics
- Amendments to National Instrument 58-101: Disclosure of Women on Boards and in Senior Management [Completed]
- BCSC Consultation on Disclosure Requirements in National Instrument 58-101, Disclosure of Corporate Governance Practices relating to Women on Boards and in Executive Officer Positions [Completed]
