The LGBTQ+ Corporate Directors Canada Association has released a letter in reference to Ontario MPP Stephanie Bowman’s Private Member Bill 50 titled Building Better Business Outcomes Act, 2022 being introduced for Second Reading today.
The Bill reads as follows:
Written policies, board diversity
121.2.1 An issuer whose shares are publicly traded shall adopt and make publicly available a written policy respecting the director nomination process that provides for the identification of candidates who belong to one or more of the following groups: women, persons who are Black, Indigenous or racialized, persons with disabilities and persons who are LGBTQ+.
Read the letter HERE.
Association Issues Letter Regarding Ontario Private Member’s Bill on Public Company Disclosure of Board Diversity Policy