New Disclosure Rules: Gender Diversity and Board Renewal

On October 15, 2014, the securities regulatory authorities in Manitoba, New
Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Quebec and Saskatchewan, finalized amendments to National Instrument 58-101 and Form 58-101F1 which create new disclosure requirements for issuers in the applicable jurisdictions. In particular, the amendments relate to: i) gender diversity on boards of directors and in executive officer positions; and ii) board renewal mechanisms, such as director term limits. More…