Regulatory Alerts2023-04-13
Amendments to Policy Statement 58-201 to Corporate Governance Guidelines
The Canadian Securities Administrators have amended Policy Statement 58-201 to update corporate governance guidelines for issuers. The revisions introduce specific requirements for nominating committees to manage board succession, adopt composition matrices, and establish written nomination policies based on objective criteria. Additionally, the amendments mandate that boards set diversity objectives and targets, while repealing previous sections and updating gender-neutral language throughout the document.
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