On January 1, 2020, new diversity disclosure requirements under the Canada Business Corporations Act (CBCA) took effect. These new rules require federally-incorporated, public companies to provide shareholders with information on diversity policies and practices regarding the composition of their board of directors and senior management, including the proportion of women, Aboriginal peoples, persons with disabilities and members of visible minorities.
These requirements follow the “comply or explain” approach - where companies without a written board policy to identify and include members of each group on the board must explain why they have not done so. Join ICD and Osler, Hoskin & Harcourt LLP and hear our panel of experienced directors discuss the changes and possible disclosure outcomes.
Participants will be able to:
- Understand the diversity disclosure updates required by the CBCA, and impacts for boards
- Identify tools available to directors to better position their board for adoption of the amendments
- Understand the potential impact if diversity outcomes don’t improve