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ARTICLE · 27 JANUARY 2014

Women On Boards Proposed Disclosure Requirements

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The Ontario Securities Commission (the "OSC") has published for comment proposed amendments (the "Amendments") related to director term limits and the representation of women on boards and in executive officer positions.

CanadaCorporate/Commercial Law
Alexandra Iliopoulos
Alexandra Iliopoulos
Carolyn Stroz
Carolyn Stroz
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The Ontario Securities Commission (the "OSC") has published for comment proposed amendments (the "Amendments") related to director term limits and the representation of women on boards and in executive officer positions. The amendments follow a "comply or explain" model and do not require companies to adopt a specified quota of women on boards or in senior management.

If adopted in the current form, the Amendments will require issuers to consider and report on their policies, or lack thereof, related to board diversity. The OSC has identified the following items that would require annual disclosure by TSX-listed and other non-venture issuers reporting in Ontario.

Director term limits

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