The 10th review, published as Multilateral Staff Notice 58-317 Review of Disclosure Regarding Women on Boards and in Executive Officer Positions (Year 10 Report), revealed consistent numbers of women on boards and in executive officer positions for non-venture Alberta-based issuers compared to Year 9 and overall increases in representation since the first review. Year 10 marks the final year of this review....

The number of women on boards varied by industry. The utilities, manufacturing and real estate industries had the highest percentage of issuers with one or more women on their boards.7 The biotechnology, mining and financial services industries had the lowest percentage of issuers ...

Deloitte Global Boardroom Program’s new report reveals that women hold less than a quarter (23.3%) of board seats globally, a 3.6% increase from the last edition published in 2022....

As set out in National Instrument 58-101 Disclosure of Corporate Governance Practices, non-venture reporting issuers in Alberta are required to provide annual disclosure in their proxy circular or annual information form about representation of women on their boards and in executive officer positions, and other related disclosure requirements....

To achieve parity, new or vacant positions need to be filled by women candidates at least half the time. Canadian companies are getting close – and the rate at which women were added to boards this year is higher than reported in any of our prior reports...

As of May 31, 2023, approximately 1,776 issuers were listed on the TSX, of which approximately 744 were subject to the disclosure requirements. The data summarized in this report is based on a review sample of 602 issuers that had year-ends between December 31, 2022 and March 31, 2023 (Year 9) ...

Forward-looking boards recognize the challenge. Board skills matrices and director succession plans continue to evolve. Indeed, we are seeing more NXD specifications calling for experience and currency in enterprise and operational transformation, technology, digital innovation, growth markets...

Under the Canada Business Corporations Act (CBCA), distributing corporationsFootnote 1 (including venture issuersFootnote 2) must report to shareholders and Corporations Canada on the representation of women, Indigenous peoples (First Nations, Inuit and Métis), members of visible minorities and persons with disabilities on their boards of directors and among their senior management....

Many boards are thinking carefully about attaining the right balance between youth and experience for today’s fast-changing strategic context. For many, the accelerating shift into the digital era demands the appointment of younger directors in their early 40s or 50s. That, in turn...

To create diversity of thought, gender diversity is still the most commonly cited (88%). But the percentage saying the same about racial/ ethnic diversity is not far behind at 83%. This reflects a 6-point increase since 2019. Directors are also likely to say that diversity of age and board tenure (79% and 74%, respectively) ...