Regulatory Alerts2023-10-05
CSA Multilateral Staff Notice 58-316: Review of Disclosure Regarding Women on Boards and in Executive Officer Positions - Year 9 Report
The Canadian Securities Administrators issued this ninth annual report analyzing disclosure trends regarding women on boards and in executive officer positions for TSX-listed issuers. The review found that 27% of board seats were held by women, with significant correlations between higher female representation and the adoption of diversity policies, targets, and term limits. While 64% of issuers adopted board diversity policies and 43% set board targets, only 5% established targets for executive officer positions, highlighting a disparity in governance practices across leadership levels.
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