CSA Discloses Diversity Of Potential Changes To Diversity Disclosures

In a new notice, the Canadian Securities Administrators (CSA) proposes to update the "comply or explain" disclosure regime concerning diversity on boards of directors and in executive officer positions at public companies in Canada. Specifically, the CSA proposes and solicits feedback on two alternative approaches that reflect a continuing divergence of views on this topic across Canada's various provincial and territorial securities regulatory jurisdictions. Members of the public can submit comments until July 12, 2023.

Throughout this bulletin, "Notice" refers to CSA Notice and Request for Comment – Proposed Amendments to Form 58-101F1 Corporate Governance Disclosure of National Instrument 58-101 Disclosure of Corporate Governance Practices and Proposed Changes to National Policy 58-201 Corporate Governance Guidelines.