Taking Stock On Diversity: OSC Hosts Virtual Roundtable On Targets, Term Limits, And Data

On October 13, 2021 the Ontario Securities Commission ("OSC") hosted a virtual roundtable titled "Rethinking Diversity in Capital Markets" (the "Roundtable"). The Roundtable was moderated by Wendy Berman, Vice-Chair of the OSC, and discussed diversity beyond gender on corporate boards and in executive officer positions. In particular, the Roundtable considered broader diversity with a focus on targets, term limits, and diversity data.

The Roundtable is one of the first instances of public engagement by a Canadian securities regulator since the Canadian Securities Administrators ("CSA") announced on May 19, 2021 that it would conduct further research and consultations with issuers, investors, and other stakeholders on its consideration of broader diversity.