Regulatory Alerts2019-10-02
CSA Multilateral Staff Notice 58-311: Report on Fifth Staff Review of Disclosure Regarding Women on Boards and in Executive Officer Positions
The Canadian Securities Administrators released a report analyzing disclosure trends from 641 issuers regarding the representation of women on boards and in executive officer positions for the period ending March 31, 2019. The review found that 17% of board seats were held by women, with representation increasing alongside issuer market capitalization, while only 4% of issuers had a woman CEO and 15% had a woman CFO. Additionally, 22% of issuers adopted targets for board representation and 50% implemented policies for identifying women directors, though targets for executive officer positions remained rare at 3%.
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