CSA Staff Notice 58-315 Extension of Comment Period - Proposed Amendments to Form 58-101F1 Corporate Governance Disclosure of National Instrument 58-101 Disclosure of Corporate Governance Practices and Proposed Changes to National Policy 58-201 Corporate Governance Guidelines
CSA Staff Notice 58-315 Extension of Comment Period - Proposed Amendments to Form 58-101F1 Corporate Governance Disclosure of National Instrument 58-101 Disclosure of Corporate Governance Practices and Proposed Changes to National Policy 58-201 Corporate Governance Guidelines
CSA STAFF NOTICE 58-315 EXTENSION OF COMMENT PERIOD PROPOSED AMENDMENTS TO FORM 58-101F1CORPORATE GOVERNANCE DISCLOSURE OF NATIONAL INSTRUMENT 58-101DISCLOSURE OF CORPORATE GOVERNANCE PRACTICES PROPOSED CHANGES TO NATIONAL POLICY 58-201 CORPORATE GOVERNANCE GUIDELINES
June 28, 2023
On April 13, 2023, the Canadian Securities Administrators (CSA or we) published for comment proposed amendments to the corporate governance disclosure requirements and policy relating to the director nomination process, board renewal and diversity (the Proposals). The Proposals would require disclosure on aspects of diversity beyond the representation of women, while retaining the current disclosure requirements with respect to women. In addition, the Proposals contemplate changes to the corporate governance policy that would enhance the existing corporate governance guidelines relating to the director nomination process and introduce guidelines regarding board renewal and diversity.
Extension of comment period
The comment period on the Proposals is scheduled to close on July 12, 2023. We have received feedback from several stakeholders that it would be beneficial for stakeholders to have additional time to review the Proposals and prepare comments. We are therefore extending the comment period to September 29, 2023.
How to provide comments
Stakeholders are invited to provide comments on the Proposals in writing on or before September 29, 2023. Instructions on how to submit comments can be found in Annex A.
Questions
Please refer your questions to any of the following:
ANNEX A
HOW TO SUBMIT COMMENTS
Please submit your comments in writing on or before September 29, 2023.
If you are not sending your comments by email, please send us an electronic file containing the submissions (in Microsoft Word Format).
Address your submission to all of the CSA jurisdictions as follows:
Alberta Securities CommissionAutorité des marchés financiersBritish Columbia Securities CommissionFinancial and Consumer Affairs Authority of SaskatchewanFinancial and Consumer Services Commission, New BrunswickManitoba Securities CommissionNova Scotia Securities CommissionOffice of the Superintendent of Securities, Newfoundland and LabradorOffice of the Superintendent of Securities, Northwest TerritoriesOffice of the Superintendent of Securities NunavutOffice of the Yukon Superintendent of SecuritiesOntario Securities CommissionSuperintendent of Securities, Department of Justice and Public Safety, Prince Edward Island
Send your comments to the following addresses listed below. Your comments will be forwarded to the remaining jurisdictions.
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The Secretary
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Me Philippe Lebel Corporate Secretary and Executive
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Ontario Securities Commission
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Director, Legal Affairs
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20 Queen Street West, 22nd Floor, Box 55 Toronto, Ontario M5H 3S8
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Autorité des marchés financiers
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Fax: 416-593-2318
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Place de la Cité, tour Cominar 2640, boulevard Laurier, bureau 400
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Email: [email protected]
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Québec (Québec) G1V 5C1
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Fax: 514-864-6381
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Email: [email protected]
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We cannot keep submissions confidential because securities legislation in certain provinces requires publication of the written comments received during the comment period. All comments received will be posted on the websites of each of the Autorité des marchés financiers at www.lautorite.qc.ca and the Ontario Securities Commission at www.osc.gov.on.ca. Therefore, you should not include personal information directly in comments to be published. It is important that you state on whose behalf you are making the submission.