Category: Professional Services/News

After a one-year grace period, in 2024 Canadian S&P/TSX Composite Index constituents will be expected under the updated policy to have at least one racially/ethnically diverse director. This reflects broadened Canadian disclosure requirements in this area and increasing investor expectations of board diversity....
Each territory and province in Canada is responsible for its own securities regulation. Most provincial regulatory authorities, however, use as a guide the rulemaking of the Ontario Securities Commission (OSC), which oversees the Toronto Stock Exchange (TSX) ...
Nasdaq-listed Companies are now required to publish the board diversity matrix in their annual meeting proxy statement or on the company’s website. The new Nasdaq Rule 5605(f) requires companies to have at least two diverse board members or to explain the company’s reasons for not meeting this diversity objective.