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Canadian Securities Regulators Announce Implementation of New Rules Regarding Disclosure of Women on Boards and in Senior Management

October 22, 2014

By: Luigi Valente

The securities regulatory authorities in New Brunswick, Newfoundland and Labrador, Saskatchewan, Nova Scotia, Nunavut, Quebec, Manitoba, Ontario and Northwest Territories (the Participating Jurisdictions) have adopted new rules regarding the representation of women on boards and in senior management of non-venture reporting issuers. The new rules will be implemented through amendments to National Instrument 58-101 Disclosure of Corporate Governance Practices and Form 58-101F1 Corporate Governance Disclosure (the Rule Amendments) and are scheduled to come into effect on December 31, 2014.

The Rule Amendments are intended to encourage greater transparency regarding the representation of women on boards and in senior management of all non-venture issuers reporting in the Participating Jurisdictions. The objective of this transparency is to assist investors in making investment and voting decisions....

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