Better Days Ahead: Proposed Amendments Regarding Diversity Disclosure

Do you think more information is needed about diversity on boards and in the C-suite? Canadian regulators do. But they can't decide how much more information is enough. As a result, they have published two proposals. One proposal, supported by the securities regulators in British Columbia, Alberta, Saskatchewan and the Northwest Territories, favours a principles-based approach (Proposal A). The other proposal, supported by the OSC and aligned with the Canada Business Corporations Act, is more prescriptive (Proposal B). But wait, what about the other provinces and territories? They have not expressed a preference. Presumably, they are waiting to hear your comments on the proposals.