Audit, Compliance and Risk Blog

Federal Distributing Corporations Report Expanding Board Diversity

Posted by Jon Elliott on Tue, Jun 21, 2022

Beginning in 2020, the Canada Business Corporation Act (CBCA) requires federal distributing companies to disclose annually the diversity in their boards and senior management. (CBCA s. 172.1). Disclosures are made to shareholders at annual meetings, and in filings with Corporations Canada. Corporations Canada has now published its review of filings covering calendar year 2021, citing the latest information and comparing with 2020 reports to assess initial progress.

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Tags: Labour & Employment, CBCA, Canada, Directors Liability, CBCR