Canadian Securities Regulators seek comments on proposed amendments related to gender diversity

MONTRÉAL, July 3, 2014 /CNW Telbec/ - The securities regulatory authorities in Saskatchewan, Manitoba, Québec, New Brunswick, Nova Scotia, Newfoundland and Labrador, Northwest Territories and Nunavut (the Participating Jurisdictions) today published for comment proposed amendments to Form 58-101F1 Corporate Governance Disclosure (Form 58-101F1) of National Instrument 58-101 Disclosure of Corporate Governance Practices (NI 58-101) (the Proposed Amendments). These amendments were previously published for comment by the Ontario Securities Commission (OSC) on January 16, 2014.

The Proposed Amendments would require all TSX-listed issuers and other non-venture issuers reporting in the Participating Jurisdictions and in Ontario to make disclosure regarding the representation of women on their boards and in their executive officer positions using a "comply or explain" approach. This approach is consistent with existing corporate governance disclosure requirements for non-venture issuers in Form 58-101F1.

These amendments are intended to increase transparency for investors and other stakeholders regarding the representation of women on boards and in senior management of all TSX-listed issuers and other non-venture issuers. This transparency is intended to assist investors when making investment and voting decisions.

The CSA notice and the proposed amendments are available on websites of the Participating Jurisdictions and the OSC. The comment period is open until September 2, 2014. Staff of the Participating Jurisdictions and the OSC are coordinating their efforts with respect to the Proposed Amendments.

The CSA, the council of the securities regulators of Canada's provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets.

Sylvain Théberge  Autorité des marchés financiers   514-940-2176	Carolyn Shaw-Rimmington Ontario Securities Commission 416-593-2361
Kevan Hannah                     Manitoba Securities Commission 204-945-1513	Michelle Robichaud Financial and Consumer Services Commission New Brunswick 506-643-7045
Tanya Wiltshire               Nova Scotia Securities Commission 902-424-8586	Don Boyles      Office of the Superintendent of Securities Newfoundland and Labrador 709-729-4501
Daniela Machuca       Financial and Consumer Affairs            Authority of Saskatchewan                306-798-4160	Louis Arki     Nunavut Securities Office                 867-975-6587
Gary MacDougall Northwest Territories Securities Office   867-920-3318

SOURCE: Autorité des marchés financiers

Sylvain Théberge, Autorité des marchés financiers, 514-940-2176; Carolyn Shaw-Rimmington, Ontario Securities Commission, 416-593-2361; Kevan Hannah, Manitoba Securities Commission, 204-945-1513; Michelle Robichaud, Financial and Consumer Services Commission, New Brunswick, 506-643-7045; Tanya Wiltshire, Nova Scotia Securities Commission, 902-424-8586; Don Boyles, Office of the Superintendent of Securities, Newfoundland and Labrador, 709-729-4501; Daniela Machuca, Financial and Consumer Affairs, Authority of Saskatchewan, 306-798-4160; Louis Arki, Nunavut Securities Office, 867-975-6587, Gary MacDougall, Northwest Territories Securities Office, 867-920-3318