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Global Governance Advisors

New CBCA Regulations Relating to Diversity Disclosure should have an impact, especially at TSXV and CSE companies

Posted by Peter Landers on Dec 30, 2019 9:00:00 AM

Earlier this year, the regulations relating to amendments to the Canada Business Corporations Act (“CBCA”) for diversity disclosure at publicly-listed corporations were released, which should have a large impact at TSX Venture Exchange (“TSXV”) and Canadian Securities Exchange (“CSE”) listed companies. These regulations will require all publicly-listed CBCA corporations to provide specific information on board and executive officer diversity policies and statistics beginning in 2020. While many Toronto Stock Exchange (“TSX”) listed companies have already adopted some form of board and executive diversity policy disclosure within their annual proxy circulars, the new regulations go one step further and now apply to TSXV and CSE companies as well.

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Topics: CBCA Regulations, Diversity Disclosure