Skip to Primary Navigation

Canada requires banks to reveal diversity of board execs, as US moves the other way

Image of the Prime Minister of Canada, Justin Trudeau
Canada’s PM, Justin Trudeau. Photo: Thierry Monasse/Getty Images

Move by Canadian government signals clear divergence with US on approach to diversity.

Canada’s government announced on Friday that 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. Canada’s Office of the Superintendent of Financial Institutions would be responsible for enforcing the regulations, requiring diversity information