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Sep 27, 2018
CALGARY – September 27, 2018 – The Alberta Securities Commission (ASC) today participated in the publication of CSA Multilateral Staff Notice 58-310 Report on Fourth Staff Review of Disclosure regarding Women on Boards and in Executive Officer Positions.
In December 2016, the ASC adopted amendments to NI 58-101. The amendments require non-venture reporting issuers in Alberta to provide annual disclosure in their proxy circular or annual information form about representation of women on their boards and in executive officer positions, and other related disclosure requirements.
“We continue to highlight this information for issuers in the Alberta market as we have heard from investors that it is important to their voting and investment decisions,” said Stan Magidson, Chair and Chief Executive Officer of the ASC.
The CSA review includes the consideration of information from 143 TSX-listed Alberta-based companies(1). Alberta trends include:
The ASC is the regulatory agency responsible for administering the province's securities laws. It is entrusted with fostering a fair and efficient capital market in Alberta and with protecting investors. As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.
(1)The CSA’s 2018 review included only December 31 through March 31 year-ends. The methodology for the CSA review is different from that of the prior Albertan Women on Boards Index; as a result, prior results are not comparable. The information contained in this release is solely from the CSA’s compilation of issuers’ disclosures.
(2)The CSA began tracking this metric in 2017; prior year results are not available.
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For further information please contact:
For Media Inquiries:
Hilary McMeekin Communications Manager 403-592-8186
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ASC Public Inquiries Toll Free: 1-877-355-4488