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Nov 04, 2021
CALGARY – November 4, 2021 – The Alberta Securities Commission (ASC) today participated in the publication of CSA Multilateral Staff Notice 58-313 Review of Disclosure Regarding Women on Boards and in Executive Officer Positions (Year 7 Report).
As set out in National Instrument 58-101 Disclosure of Corporate Governance Practices, non-venture reporting issuers in Alberta are required 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.
“Investors are increasingly looking for this information when making their investment decisions and it is encouraging to see the progress being made,” said Stan Magidson, Chair and Chief Executive Officer of the ASC. “The ASC is also considering how our current diversity disclosure framework could evolve to include broader aspects of diversity.”
The Canadian Securities Administrators (CSA) seventh year review includes the disclosures from 115 TSX-listed Alberta-based companies with year ends between December 31, 2020 and March 31, 2021. 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.
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1The first year reported on disclosures of TSX-listed issuers with year ends between December 31, 2014 and March 31, 2015.
2The CSA began tracking this metric in 2017. Prior year results are not available.
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