CSA Seeks Comments On Two New Approaches To Diversity Disclosure

The Canadian Securities Administrators ("CSA") is seeking comments on the proposed amendments to the corporate governance disclosure rules and policies related to the diversity of directors and executive officers at public companies in Canada. The proposed amendments build on existing disclosure requirements for non-venture issuers outlined in Form 58-101F1 – Corporate Governance Disclosure (Form 58-101F1) of National Instrument 58-101 – Disclosure of Corporate Governance Practices (NI 58-101) and propose changes to National Policy 58-201 – Corporate Governance Guidelines (NP 58-201) (collectively referred to as the "Proposed Amendments").

Specifically, the CSA is soliciting feedback on two alternative approaches that reflect the provinces' differing views on corporate governance disclosure. The two alternative proposals, "Form A" and "Form B", have the same disclosure requirements for board nominations and renewals, and both require disclosure to go beyond the