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ARTICLE · 10 JULY 2020

Diversity And Inclusion: A Look At Current Disclosure, Challenges And Improvements

On January 1, 2020, regulations supporting the amendments to the Canada Business Corporations Act (CBCA) regarding new diversity disclosure obligations for publicly traded corporations came into force

CanadaCorporate/Commercial Law

On January 1, 2020, regulations supporting the amendments to the Canada Business Corporations Act (CBCA) regarding new diversity disclosure obligations for publicly traded corporations came into force. As discussed in a previous update, the amendments introduced a "comply or explain" regime whereby CBCA-incorporated publicly traded corporations must disclose, among other things, whether or not they have a diversity policy for their board of directors and senior management, whether or not the policy includes targets for the representation of four "designated groups" (i.e., women, Aboriginal peoples, persons with disabilities and members of visible minorities) and statistics on the representation of these groups.

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