FMB has commented on the Canadian Securities Administrators’ (the CSA) Proposed Amendments that seek to increase diversity reporting in either a more (Form B) or less (Form A) prescriptive manner. We generally support the more prescriptive Form B, although we think it could be further improved upon by requiring that issuers set diversity targets; disclose information for each diverse group rather than in amalgamated form; by employing the “comply or explain” model with respect to an issuer’s approach to diversity in executive officer positions; and by requiring disclosure across all business lines.
Read our comments Regarding CSA's Proposed Amendments on Diversity Reporting
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