Disclosure Requirements in National Instrument 58-101 Disclosure of Corporate Governance Practices relating to Women on Boards and in Executive Officer Positions

Issuer name

British Columbia Securities Commission

More information

The Disclosure Requirements require non-venture issuers, including all issuers listed on the Toronto Stock Exchange (TSX), to provide disclosure regarding the following matters on an annual basis: • director term limits and other mechanisms of renewal of the board of directors (the board) • policies regarding the representation of women on the board • the board’s or nominating committee’s consideration of the representation of women in the director identification and selection process • the issuer’s consideration of the representation of women in executive officer positions when making executive officer appointments • whether or not the issuer has adopted a target regarding the representation of women on the board and in executive officer positions • the number of women on the board and in executive officer positions On a comply or explain basis. British Columbia has not imposed these requirements and wants to consult if this is a necessary instrument.

Comply or explain

True

Organizations covered by the instrument

Large private and listed companies

Target organization notes

Though initiated in BC, the provinces of BC and PEI have not adopted it to date. Applies to all other provincial jurisdictions

Industry scope

All/none specified

Disclosure venue

Annual Report Management Discussion & Analysis, Corporate Governance Disclosure

ESG coverage- G (Governance)

Structure & Leadership