Is M&A still a male dominated industry? Back in its 2011 article, Reuters referred to M&A as a “man’s game”. They found that only 15% of executives and senior level managers in US investment banking and securities dealing industries were women. A 2011 survey found that 83% of female finance executives perceived the glass-ceiling to be a very real and prevalent factor preventing them from moving forward. Further there were a small number of women graduating from business schools choosing to enter the financing and accounting market – nearly half the number of the men in the recruitment process.… Continue Reading
The Ontario Securities Commission has published for public comment proposed amendments to its corporate governance disclosure requirements. Check out Norton Rose Fulbright’s legal bulletin on this topic for more information.
For additional background, please visit Sara Josselyn’s previous article on this blog.
Earlier this month saw the closing of the comment period for the Ontario Securities Commission’s (OSC) Staff Consultation Paper 58-401 Disclosure Requirements Regarding Women on Boards and in Senior Management. The paper proposes amendments to National Instrument 58-101 Disclosure of Corporate Governance Practices such that TSX-listed companies (excluding venture issuers and investment funds) would have to meet disclosure requirements with respect to female representation on boards and in senior management.
The purpose of the OSC consultation paper is to enhance corporate governance by “advancing the representation of women” in leadership roles with a “comply or explain” system aimed at … Continue Reading