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Alberta’s status of women minister applauds ASC reversal on disclosure rules
EDMONTON – Alberta’s minister for the status of women says shareholders making decisions about publicly traded companies deserve information on the number of women on boards and in executive suites.
Stephanie McLean made the comments Thursday at a meeting with her federal and provincial counterparts in Edmonton.
McLean was referring to a decision by the Alberta Securities Commission this week to revisit a decision it made two years ago to not compel companies it oversees to disclose the number of women employed in senior positions.
The ASC says it is revisiting that decision on the urging of Premier Rachel Notley’s government.
It says it previously didn’t believe the issue was within its mandate, but now says it is.
McLean says statistics show that nine out of every 10 chairs in Alberta-based TSX companies are occupied by men, and says a spotlight needs to be put on that disparity.
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