Winter issue, 2015
Recent amendments around gender diversity on boards from regulatory bodies, including the Ontario Securities Commission, have sparked renewed debate on the role of regulation in how boards do business. Partner Patrice Walch-Watson was sought by National Magazine for her comment in an article on the impact and reception of these developments.
Below is an excerpt of the article.
It remains to be seen how far the government is willing to go, especially since there is little appetite for far-reaching intervention in board decision-making. . .
Patrice Walch-Watson, a partner at Torys LLP in Toronto, is telling her clients that gender diversity is on the agenda: “There are going to be changes,” she says. “But there’s probably a sector of the population that says this is a waste of time, that Canadian companies are doing just fine and they don’t need these additional burdens.”
However, influential stakeholders, particularly investors, are calling for stiffer regulation if companies don’t take the hint.
To read the full article, click here.
To read more about the Ontario Securities Commission’s proposed amendments around gender diversity on boards, read our bulletin, “Gender Diversity and Board Renewal New Canadian Disclosure Rules for the 2015 Proxy Season,” here.