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OSC wants firms to reveal targets for women on boards

The Ontario Securities Commission (OSC) suggests that TSX-listed businesses disclose targets for the number of women they want as directors and executive officers. (See “The Disappearing Glass Ceiling.”)

The OSC also is proposing that companies disclose how they find candidates for those positions and how they pick members of their board and high-ranking executives.

The recommendations don’t mention enforcing quotas – something some observers said was preferable. But other companies fear that a quota system might force them to promote unqualified candidates. ◊