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
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:
British Columbia Securities Commission Melody Chen Senior Legal Counsel Legal Services, Corporate Finance Tel: 604-899-6530 Email: mchen@bcsc.bc.ca
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Nazma Lee Senior Legal Counsel Legal Services, Corporate Finance Tel: 604-899-6867 Email: nlee@bcsc.bc.ca
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Alberta Securities Commission Jennifer Smith Senior Legal Counsel Office of the General Counsel Tel: 403-355-3898 Email: jennifer.smith@asc.ca
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Nicole Law Senior Securities Analyst Corporate Finance Tel: 403-355-4865 Email: nicole.law@asc.ca |
Financial and Consumer Affairs Authority of Saskatchewan Heather Kuchuran Director, Corporate Finance Securities Division Tel: 306-787-1009 Email: heather.kuchuran@gov.sk.ca
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Manitoba Securities Commission Patrick Weeks Deputy Director, Corporate Finance Tel: 204-945-3326 Email: patrick.weeks@gov.mb.ca
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Ontario Securities Commission Jo-Anne Matear Special Advisor to the Executive on Sustainable Finance and Emerging Regulatory Issues, Executive Office Tel: 416-593-2323 Email: jmatear@osc.gov.on.ca
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Jonathan Blackwell Senior Accountant, Corporate Finance Tel: 416-593-8138 Email: jblackwell@osc.gov.on.ca |
Jodie Hancock Senior Accountant, Corporate Finance Tel: 416-593-2316 Email: jhancock@osc.gov.on.ca
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Autorité des marchés financiers Olivier Girardeau Director of Sustainable Finance Oversight and Supervision Tel: 514-395-0337, ext. 4334 Email: olivier.girardeau@lautorite.qc.ca
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Martin Latulippe Senior Policy Advisor Tel: 514-395-0337, ext. 4331 Email: martin.latulippe@lautorite.qc.ca
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Financial and Consumer Services Commission of New Brunswick Ella-Jane Loomis Senior Legal Counsel, Securities Tel: 506-453-6591 Email: ella-jane.loomis@fcnb.ca
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Nova Scotia Securities Commission Abel Lazarus Director, Corporate Finance Tel: 902-424-6859 Email: abel.lazarus@novascotia.ca
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Valerie Tracy Securities Analyst Tel: 902-424-5718 Email: valerie.tracy@novascotia.ca
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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 Commission
Autorité des marchés financiers
British Columbia Securities Commission
Financial and Consumer Affairs Authority of Saskatchewan
Financial and Consumer Services Commission, New Brunswick
Manitoba Securities Commission
Nova Scotia Securities Commission
Office of the Superintendent of Securities, Newfoundland and Labrador
Office of the Superintendent of Securities, Northwest Territories
Office of the Superintendent of Securities Nunavut
Office of the Yukon Superintendent of Securities
Ontario Securities Commission
Superintendent 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.
The Secretary Ontario Securities Commission 20 Queen Street West, 22nd Floor, Box 55 Toronto, Ontario M5H 3S8 Fax: 416-593-2318 Email: comment@osc.gov.on.ca |
Me Philippe Lebel Corporate Secretary and Executive Director, Legal Affairs Autorité des marchés financiers Place de la Cité, tour Cominar 2640, boulevard Laurier, bureau 400 Québec (Québec) G1V 5C1 Fax: 514-864-6381 Email: consultation-en-cours@lautorite.qc.ca |
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.