Regulatory Alerts2023-04-13
Amendments to Regulation 58-101 Respecting Disclosure of Corporate Governance Practices
Regulators have amended Regulation 58-101 to require issuers to disclose detailed information regarding board nominations, renewal mechanisms, and diversity strategies. The updated Form 58-101F1 mandates specific disclosures on board composition matrices, term limits, and quantitative targets for women and individuals from identified groups in director and executive officer roles. Additionally, the amendments define identified groups to include Indigenous peoples, persons with disabilities, visible minorities, and LGBTQ2SI+ members, while removing obsolete instructions and items from the previous regulation.
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