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Canadian banks must reveal diversity of board, top managers under new rules

Canada will require banks and financial firms to disclose the number of women and minorities on their boards and in senior management positions, following new government rules announced on February 15, 2025.
The Canadian regulations aim to enhance diversity and inclusion in corporate governance, with the support of studies linking diversity to innovation and growth.
Financial institutions must report diversity disclosures annually to investors, reflecting a commitment to inclusive hiring practices.
The government stated that investors currently lack transparent information on the representation of designated groups in senior leadership, prompting the new requirements.

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The Epoch Times

Ottawa Mandates Banks to Disclose Diversity of Top Management

Banks and other financial institutions in Canada are now required to disclose information on their diversity programs to shareholders, according to new rules released by the federal government on Feb. 15. Ottawa says federally regulated financial institutions—specifically banks, insurance firms, and trust and loan companies—must disclose to shareholders “the number and percentage of directors and officers from each of the designated groups” as d…

6 days ago·New York, United States

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Newsroom

Diversity programmes have one crucial error

Comment: Real diversity is not about including the excluded to the old systems of the included. It is about changing those systems to end the domination of those old systems, writes Rob Campbell

6 days ago·Auckland, New Zealand

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Reuters

+3 Reposted by 3 other sources

Canadian banks must reveal diversity of board, top managers under new rules

Federally regulated financial institutions must also disclose policies to increase diversity while sending out notices of annual meetings to shareholders.

7 days ago·United Kingdom

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Firstpost News

Canada moves to boost diversity in financial industry with new disclosure rules

The move contrasts with a retreat from diversity, equity and inclusion (DEI) programs -- aimed at combatting racism, sexism and other discrimination in the workplace -- in the United States pushed by President Donald Trump

8 days ago·Mumbai, India

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Le Temps

Canada Increases its Diversity Requirements in the Financial Sector

Back from what is happening in the United States, the Canadian federal government will require banks, insurance and finance companies to make public the number of women and persons of minority origin in their boards of directors and management positions.

Canada to compel diversity disclosures for banks, insurance firms

Canada said Friday it would compel banks, insurance companies and other financial firms to disclose the number of women and minorities on their boards and in senior management positions. The move, announced in the government newspaper Canada Gazette, contrasts with a retreat from diversity, equity and inclusion (DEI) programs — aimed at combatting racism, sexism and other discrimination in the workplace — in the United States pushed by President…

7 days ago

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