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Initiatives to Accelerate Gender Diversity on Boards and in Senior Management

March 29, 2017

Introduction

Gender diversity on corporate boards and in senior management roles remains one of the key topics in Canadian corporate governance. This issue gained momentum in 2014 when the securities regulatory authorities in Ontario, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Québec, Saskatchewan and Yukon (collectively, the “Participating Jurisdictions”) adopted amendments to National Instrument 58-101 – Disclosure of Corporate Governance Practices (“NI 58-101”) to enhance corporate governance disclosure requirements with respect to gender diversity policies and practices.

NI 58-101 requires all issuers listed on the Toronto Stock Exchange (“TSX”) reporting in the Participation Jurisdictions to make annual disclosures with respect to (i) director term limits and other mechanisms of board renewal; (ii) policies regarding the representation...

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