Participating Canadian securities regulatory authorities recently published the results their eighth annual review of disclosures relating to women on boards and in executive officer positions.
The findings summarize the corporate governance disclosures of 625 non-venture issuers and have been published by securities regulatory authorities in Alberta, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Quebec, Saskatchewan, and Yukon (the participating jurisdictions).
Key highlights include:
- Twenty-four per cent of board seats are held by women, an increase of two per cent since last year.
- The percentage of board vacancies filled by women increased 10 per cent – from 35 per cent last year to 45 per cent this year.
- Eighty-seven per cent of issuers have at least one woman on their board, an increase of five per cent since last year.
- Thirty per cent of issuers have at least three women on their board, an increase of six per cent since last year.
- Seven per cent of issuers have a woman chairing their board.
The complete CSA Multilateral Staff Notice 58-314 Review of Disclosure Regarding Women on Boards and in Executive Officer Positions (Year 8 Report), is available for download on CSA member websites.
For more information, please call Barbara Hendrickson at BAX Securities Law (647) 403-4606.
This publication is not intended to constitute legal advice. No one should act on it or refrain from acting on it without consulting with a lawyer. BAX does not warrant or guarantee the accuracy or currency or completeness of the publication. No part of this publication may be reproduced without the prior written permission of BAX Securities Law.