Reported 26 days ago
Canadian banks are now required to disclose the diversity of their boards and top management under new regulations, contrasting sharply with the recent U.S. administration's rollback of similar measures. This initiative aims to ensure transparency in representation among women, Indigenous peoples, and other marginalized groups in leadership positions, emphasizing the importance of diversity in fostering a thriving financial sector. The regulations are enforced by Canada's Office of the Superintendent of Financial Institutions and take effect immediately, though their future may be uncertain given upcoming political changes.
Source: YAHOO