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File #: 12523897 Introduction - Cropped image of a business woman offering you a handshake during an interview Credit: iStockphoto (Royalty-Free) Keywords: Recruitment, Interview, Handshake, Job, Women, Greeting, Human Hand, Business, Female, Manager, Occupation, Office
File #: 12523897 Introduction - Cropped image of a business woman offering you a handshake during an interview Credit: iStockphoto (Royalty-Free) Keywords: Recruitment, Interview, Handshake, Job, Women, Greeting, Human Hand, Business, Female, Manager, Occupation, Office
(Jesper Elgaard/iStockphoto)

OSC gender-diversity proposal wins broad support

An array of business groups and corporate directors have thrown their support behind an Ontario Securities Commission proposal to require companies to disclose their gender diversity policies, and many are now urging the regulator to go even further to make the standards stricter.

Wednesday was the deadline for comments to be submitted to the commission about proposed new rules that would require all public companies that trade on the Toronto Stock Exchange to report annually on their approach to gender diversity for their boards and senior management ranks. The so-called “comply or explain” rules will require companies to disclose if they have diversity policies and internal targets for the proportion of women in senior roles, or else explain why they have opted not to have such policies.