Canada Board Diversity Proposal Said to Affect 600 TSX Companies

(Bloomberg) — About 40 percent of corporations listed on the Toronto Stock Exchange will be required to identify the gender composition of their boards and to make public their diversity policies under a proposed new law, a Canadian government official said.Bill C-25 was introduced Sept. 28 by Innovation Minister Navdeep Bains and proposes a series of changes to corporate governance rules, such as allowing companies to communicate with shareholders online and changing the rules for the electing directors.Distributing Canadian companies — those that sell shares, report to a securities commission and fall under the Canada Business Corporations Act — will …
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