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Activistmonitor, "Diversity disclosure obligations for Canadian firms to expand in 2020"
The Canadian Business Corporation Act (CBCA) starting 1 January 2020 will expand diversity disclosure obligations for Canadian corporations to include data on Aboriginal people, persons with disabilities and visible minorities, in addition to requiring such disclosures from venture issuers for the first time, lawyers told this news service.
Issuers listed on the Toronto Stock Exchange (TSX) Venture Exchange, a « junior exchange, » are small and mostly deal with natural resources. They were dispensed from the gender disclosure that is already in place under securities rules, said Bruno Caron, a securities lawyer at Miller Thomson. Companies on the main TSX, however, have been subject to disclosure on participation of women on boards and as senior management officers since 2015.
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