Regulators Release Detailed Data on Women on Boards and in Executive Officer Positions

TORONTO, Nov. 12, 2015 /CNW/ - The securities regulatory authorities in Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Québec, Saskatchewan and Yukon (participating jurisdictions) today published the underlying data used to prepare CSA Multilateral Staff Notice 58-307 Staff Review of Women on Boards and in Executive Officer Positions – Compliance with NI 58-101 Disclosure of Corporate Governance Practices.  

The data was compiled from public information filed on SEDAR and includes the name, industry and year-end of the 722 TSX-listed issuers whose disclosure was reviewed by participating jurisdictions; the number of women on each board and in executive officer positions; and details regarding issuers' disclosure of mechanisms, policies, targets and considerations made for women on boards and in executive officer positions.  

"Providing this data reflects our commitment to transparency and is intended to encourage further dialogue on the representation of women on boards and in senior management positions," said Louis Morisset, Canadian Securities Administrators Chair and President and CEO of the Autorité des marchés financiers.  

The data has been posted in Excel format on the websites of the participating jurisdictions.

On December 31, 2014, the participating jurisdictions implemented amendments to NI 58-101 Disclosure of Corporate Governance Practices. These amendments are intended to increase the transparency for investors and other stakeholders regarding the representation of women on boards and in senior management positions. On September 28, 2015, the participating jurisdictions published a review of 722 TSX-listed issuers and their compliance with the new disclosure requirements set out in the 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.

SOURCE Ontario Securities Commission

Kristen Rose, Ontario Securities Commission, 416-593-2336; Sylvain Théberge, Autorité des marchés financiers, 514-940-2176; Ainsley Cunningham, Manitoba Securities Commission, 204-945-4733; Andrew Nicholson, Financial and Consumer Services Commission, New Brunswick, 506-658-3021; Tanya Wiltshire, Nova Scotia Securities Commission, 902-424-8586; Janice Callbeck, Office of the Superintendent of Securities P.E.I., 902-368-6288; Don Boyles, Office of the Superintendent of Securities, Newfoundland and Labrador, 709-729-4501; Rhonda Horte, Office of the Yukon Superintendent of Securities, 867-667-5466; Shamus Armstrong, Nunavut Securities Office, 867-975-6587; Tom Hall, Northwest Territories Securities Office, 867-873-7490; Noel Busse, Financial and Consumer Affairs, Authority of Saskatchewan, 306-798-4160