OSC Proposes Requiring Disclosure Of Board Gender Diversity

The Ontario Securities Commission today released proposed amendments to enhance the disclosure of boards' gender diversity.

Specifically, the changes to Form 58-101F1 would require that TSX-listed and other non-venture issuers reporting in Ontario annually disclose (i) director term limits; (ii) policies regarding the representation of women on the board; (iii) the board's or nominating committee's consideration of the representation of women in the director identification and selection process; (iv) the issuer's consideration of the representation of women in executive officer positions when making executive officer appointments; (v) targets regarding the representation of women on the board and in executive officer positions; and (vi) the number of women on the board and in executive officer positions.