Women On Boards: Progress On Gender Diversity Still Slow, CSA Reports

The number of women on boards and in executive positions has risen compared to last year, but progress on gender diversity remains slow, the Canadian Securities Administrators (CSA) have found in their recently published CSA Multilateral Staff Notice 58-310 Report on Fourth Staff Review of Disclosure regarding Women on Boards and in Executive Officer Positions (Notice). The Notice continues the review, for a fourth year, of "comply or explain" disclosure provided by non-venture public companies concerning the representation of women on boards and in executive positions, as set out in Form 58-101F1 Corporate Governance Disclosure (Form).

The Notice follows three similar sets of review, the most recent of which found only small improvements from the findings of the first- and second-year reviews. See our October 2017 Blakes Bulletin: CSA Reports Another Small Step for Women; Still No Giant Leap for Humankind.