May 19, 2021
Canadian securities regulators to hold upcoming consultations on broader diversity in corporate leadership
Montreal –The Canadian Securities Administrators (CSA) announced today further research and consultations with issuers, investors and other industry stakeholders on its consideration of broader diversity on boards and in executive officer positions. These consultations are set to begin in the late spring/summer of 2021.
This work will help determine whether, and how, the disclosure needs of Canadian investors, and corporate governance practices among public companies have evolved since the “women on boards” disclosure requirements were first adopted in most CSA jurisdictions. The research and consultations are particularly important in light of the increasing attention being given to diversity in all segments of society, including business.
“In the past six years, the CSA has published comprehensive and relevant
information on the representation of women on boards and representation at the executive
level,” said Louis Morisset, CSA Chair and President and CEO of the Autorité
des marchés financiers. “Consultation and engagement with stakeholders will
help determine the right path forward with respect to a broader diversity
initiative.”
The CSA hopes
to gather a wide range of perspectives to inform further policy-making in this
area. Participating jurisdictions plan to conduct engagement activities with
stakeholders, which may include one-on-one meetings and roundtables. The CSA
will use its findings from these consultations to consider recommendations for any
necessary changes to the current diversity disclosure framework.
The CSA, the council of the securities regulators of Canada's provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets.
- 30 -
For media inquiries, please contact:
Ilana Kelemen
Canadian Securities Administrators
For Investor inquiries, please refer to your respective securities regulator. You can contact them here.