Learn more about what the ASC is doing to support market participants and investors.
Mar 10, 2021
CALGARY – March 10, 2021 – The Alberta Securities Commission (ASC) today participated in the publication of CSA Multilateral Staff Notice 58-312 Report on Sixth Staff Review of Disclosure Regarding Women on Boards and in Executive Officer Positions.
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 have told us this information is important to their voting and investment decisions,” said Stan Magidson, Chair and Chief Executive Officer of the ASC. “We are encouraged that so many issuers have embraced these disclosures and along with other CSA members, we’re considering our role in the broader diversity conversation.”
The Canadian Securities Administrators (CSA) sixth year review includes the disclosures from 122 TSX-listed Alberta-based companies with year ends between December 31, 2019 and March 31, 2020. Alberta trends include:
The CSA expects to publish the underlying data by the summer of 2021.
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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For Media Inquiries:
Theresa Schroder Senior Advisor, Communications 403.297.4231
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