Catalyst Responds to OSC Proposal for Rule Amendments Regarding Disclosure of Women on Boards and in Senior Management (Media Release)January 16, 2014
Proposed amendments an important step forward for women business leaders and Canadian businesses, says Alex Johnston, Executive Director, Catalyst Canada
TORONTO (January 16, 2014)— Catalyst applauds the recommendations from the Ontario Securities Commission requiring all TSX-listed issuers to disclose policy practices regarding the representation of women on boards and in executive officer positions.
“These recommendations represent an important step forward for women business leaders, Canadian businesses and an endorsement of the importance of gender diversity in the workplace,” says Alex Johnston, Executive Director, Catalyst Canada. “It is a win for investors and other stakeholders who want increased transparency around leveraging talent from the companies they invest in.”
The recommendations also underscore the importance of the Catalyst Accord, which calls on Canadian companies to increase the overall proportion of FP500 board seats held by women to 25 percent by 2017.
Alex Johnston and other members of Catalyst Canada are available to further comment on the OSC recommendations. Please see contacts below:
For English-speaking Canada:
Francine Beck, +1 416 725 3710
For French-speaking Canada
Ariane Tremblay, Girafe, +1 514 861 1330
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 offices in the United States, Canada, Europe, India, and Australia, and more than 700 members, 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.