Regulatory Alerts2021-03-10
CSA Report on Sixth Staff Review of Disclosure Regarding Women on Boards and in Executive Officer Positions
The Canadian Securities Administrators released a report analyzing disclosure trends from 610 issuers regarding the representation of women on boards and in executive officer positions. The review found that 20% of board seats were held by women, with 79% of issuers having at least one female director, while only 5% of issuers had a woman CEO. Additionally, 54% of issuers adopted policies relating to the identification and nomination of women directors, and 26% set targets for board representation.
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