Ontario Securities Commission OSC

Ontario Securities Commission: Firms will also need to outline their policies on term limits for directors and other mechanisms of renewal of the board, the Ontario Securities Commission OSC said on Wednesday, according to The Toronto Star, Canada. Its about diversity and it speaks to the core principles of fairness and equal opportunity. Our corporate boards need to reflect the diversity within our society, Howard Wetston, chair and chief executive officer of the Ontario Securities Commission, said in an interview and Starting next year, companies whose shares trade on the Toronto Stock Exchange will be required to explain what actions they re taking to recruit women directors and senior executives. The new rules, designed to get more women into the boardrooms of Canadian companies , are expected to take effect Dec. 31, following provincial government approvals. (news.financializer.com). As reported in the news.