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ARTICLE · 20 OCTOBER 2016

Alberta To Join The CSA On Disclosure Of Diversity Practices

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The Alberta Securities Commission ("ASC") has published a notice and request for comment on proposed amendments to National Instrument 58-101 Disclosure of Corporate Governance Practices.

CanadaCorporate/Commercial Law
Steve Pearson
Steve Pearson
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The Alberta Securities Commission ("ASC") has published a notice and request for comment on proposed amendments (the "Amendments") to National Instrument 58-101 Disclosure of Corporate Governance Practices ("NI 58-101"). The comment period ends on October 14, 2016. If the comment process does not result in any material changes to the Amendments, the changes are expected to be adopted and in place for the 2017 proxy season.

Background

On December 31, 2014, with the exception of securities regulators in Alberta, British Columbia, and Prince Edward Island, all members of the Canadian Securities Administrators (the "CSA") adopted amendments to NI 58-101 which establish requirements for all TSX-listed non-venture issuers to report specific gender diversity practices, policies, statistics and targets in respect of board and executive officer positions ("Diversity Practices").

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