Catalyst Canada Welcomes Finalization of Canadian Securities Regulators’ Rule Amendments Requiring Disclosure of Women on Boards and in Senior ManagementOctober 15, 2014
Move by securities regulators in nine jurisdictions represents a significant step forward for Canadian business
Toronto (October 15, 2014)—Today, Catalyst Canada congratulated securities regulators in nine jurisdictions across the country on the finalization of new rule amendments requiring issuers to disclose policy practices regarding the representation of women on boards and in executive officer positions.
“The rule amendments represent a win for women in business, for Canadian businesses, and in particular for investors and other stakeholders who want increased transparency around leveraging the talent within the companies they invest in,” said Alex Johnston, Executive Director, Catalyst Canada. “We commend the Ontario Securities Commission for its tremendous leadership in championing this initiative, and for putting a strong stake in the ground for other regulators to follow. Canadian businesses need to tap the full pool of smart, talented people to stay competitive and strengthen our country’s economic future.”
The new rule also underscores the importance of the Catalyst Accord, which calls on Canadian companies to set their own goal to increase the overall proportion of FP500 board seats held by women to 25% by 2017.
Alex Johnston and other members of Catalyst Canada are available to further comment.
For English-speaking Canada:
Francine Beck +1 416 725 3710
Susan Nierenberg, Vice President, Global Communications, Catalyst, +1 646 388 7744
Founded in 1962, Catalyst is the leading nonprofit organization expanding opportunities for women and business. With operations in the United States, Canada, Europe, India, Australia, and Japan, and more than 700 member organizations, Catalyst is the trusted resource for research, information, and advice about women at work. Catalyst annually honors exemplary organizational initiatives that promote women’s advancement with the Catalyst Award.