Author(s):
John M. Valley, Andrew MacDougall
Dec 11, 2023
The past year saw an increased focus on diversity beyond gender and new rules that add to the list of topics expected to be addressed at the board. A court decision released in 2023 provides comfort that while there may be strongly divergent views on how boards should be addressing vital issues such as climate change, diligent directors will be protected when their decisions are challenged in court.
In the coming year, Canadian issuers will be under increasing pressure to expand their diversity, equity and inclusion practices to address diversity beyond gender, with a specific focus on representation of racial or ethnic diversity. In addition, new legislative requirements addressing forced labour and child labour in supply chains as well as cybersecurity oversight and related disclosure will demand more board time and attention in 2024...
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