At the request of the Ontario Minister of Finance and the
Minister Responsible for Women's Issues, the Ontario Securities
Commission (the OSC) is undertaking a public consultation on
corporate governance disclosure requirements for TSX-listed issuers
regarding gender diversity. The consultation paper, which was
published on July 30, 2013, focuses on advancing the representation
of women on boards of directors and in senior management of public
The OSC is seeking comment on a proposed disclosure model that
would require TSX-listed issuers and other non-venture issuers to
address the following issues in their annual summary of corporate
whether they have a policy regarding representation of women on
the board and in senior management and if so, set out the details
of such policy;
how the board or nomination committee of the issuer considers
the representation of women in the director selection process;
if the issuer has a policy regarding the representation of
women on the board or in senior management, how adherence to the
policy or achievement of the policy's objectives is assessed;
percentage disclosure of female employees, senior executives
and board members of the issuer.
Comments on the consultation paper are due by September 27,
2013. A copy of the consultation paper can be accessed here.
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Under the Income Tax Act, the Employment Insurance Act, and the Excise Tax Act, a director of a corporation is jointly and severally liable for a corporation's failure to deduct and remit source deductions or GST.
Under the Income Tax Act, the Employment Insurance Act, the Canada Pension Plan Act and the Excise Tax Act, a director of a corporation is jointly and severally liable for a corporation's failure to deduct and remit source deductions.
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