An Act to modernize the composition of the boards of directors of certain corporations, financial institutions and parent Crown corporations, and in particular to ensure the balanced representation of...: YB421-207/1-PDF

This enactment requires the following corporations to ensure that the proportion of directors of each sex on their board of directors is not less than 40 per cent and that shareholders may vote against a candidate for a director’s position: (a) a distributing corporation within the meaning of the Canada Business Corporations Act, any of the issued securities of which remain outstanding and are held by more than one person; (b) a bank that is listed in Schedule I to the Bank Act; (c) a cooperative credit association regulated by the Cooperative Credit Associations Act; (d) a distributing company regulated by the Insurance Companies Act; (e) a distributing company regulated by the Trust and Loan Companies Act; and (f) any other federally regulated, publicly traded corporation.

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Publication information
Department/Agency Canada. Parliament. Senate.
Title An Act to modernize the composition of the boards of directors of certain corporations, financial institutions and parent Crown corporations, and in particular to ensure the balanced representation of women and men on those boards = Loi visant à moderniser la composition des conseils d'administration de certaines personnes morales, institutions financières et sociétés d'État mères, notamment à y assurer la représentation équilibrée des femmes et des hommes / the Honourable Senator Hervieux-Payette.
Variant title Loi visant à moderniser la composition des conseils d’administration de certaines personnes morales, institutions financières et sociétés d’État mères, notamment à y assurer la représentation équilibrée des femmes et des hommes
Short title: Boards of Directors Modernization Act
Series title Bill S-... ; Bill S-207, 1st session, 42nd Parliament
Publication type Series - View Master Record
Language Bilingual-[English | French]
Format Electronic
Electronic document
Note(s) First reading, December 8, 2015.
Text in English and in French in two columns.
Publishing information [Ottawa] : Senate, 2015.
Description ii, 16, 2a p.
Catalogue number
  • YB421-207/1-PDF
Subject terms Legislation
Board of directors
Gender equality
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