Ontario Securities Commission Announces Roundtable On Broader Diversity In Capital Markets mondovisione.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondovisione.com Daily Mail and Mail on Sunday newspapers.
Investors, regulators looking at board diversity beyond gender
Cynthia Carroll speaks during the Corporate Citizenship: Why It Matters mentor session at the Annual Meeting of the New Champions in Tianjin, China, Sept. 14, 2010. Credit: World Economic Forum (www.weforum.org)/Adam Dean (creative commons).
Canadian public companies will have a year to get in line with new, tougher board gender diversity guidelines from leading proxy advisory firms or face a withhold vote against the chair of their nominating committee.
As of Feb. 1, 2022, Institutional Shareholder Services will expect S&P/TSX Composite issuers to have at least 30% women board members, or a written gender diversity policy with a commitment to achieve that percentage over a “reasonable” time frame. It will also withhold a vote for the nominating committee chair for “widely held” companies that aren’t on the index if the company doesn’t have any women on the board and has no formal written gender diversity