Starting next year, Canadian companies will be required to disclose much more about their diversity efforts, including many who will have to do so for the very first time, as Canada joins a growing list of countries that are starting to address diversity disclosure practices beyond just gender.
For all shareholder annual meetings starting on or after Jan. 1, 2020, publicly listed, federally incorporated companies governed by the Canada Business Corporations Act (CBCA) must start providing in their annual meeting materials to shareholders enhanced disclosures about the company’s diversity policies and practices relating to its board of directors and senior management team.
