Blakes Weekly Digest - November 8, 2024
In this issue...
Women on Boards: CSA Reports Marginal Progress and Some Setbacks
Stacy McLean,?Matthew Merkley,?Louis Morisset,?Sabrina Radia-Bramwell?and?Sarah Breakey (Articling Student)
Gender diversity on boards is improving but continues to face hurdles, according to a recent Canadian Securities Administrators report. For the 10th year in a row, the proportion of board seats women hold at public companies in Canada has slightly increased. In contrast, the proportion of companies with three or more women on their boards markedly increased. Other key trends were relatively flat year-over-year, while board vacancies filled by women and chief financial officer positions held by women slightly declined.
Bill 190, Working for Workers Five Act, 2024: Compliance Deadlines for Ontario Employers?
Ontario’s Bill 190, the Working for Workers Five Act, 2024, received royal assent on October 28, 2024. Bill 190 brings key amendments to the Employment Standards Act, 2000 and the Occupational Health and Safety Act, including new employer compliance relating to sick leave, job postings and workplace harassment.
Doing Business in Canada
Understand the laws and regulations that impact your business in the Canadian market.
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Canada Opens Public Consultation on Strengthening Its Forced Labour Import Ban
The Government of Canada is holding a public consultation on proposed measures to strengthen its import ban on goods made with forced labour. Until November 15, 2024, stakeholders may submit their views on which new measures should be prioritized, any tools that could improve the ban’s effectiveness and any risk mitigation measures that could be implemented.
From Challenges to Compliance: A Look at the Inaugural Reporting Period Under Canada’s Forced and Child Labour Legislation
Under Canada’s Fighting Against Forced Labour and Child Labour in Supply Chains Act, applicable entities were required to submit a questionnaire and report focusing on measures taken to address and prevent forced and child labour in their supply chains during the previous fiscal year. In October 2024, Public Safety Canada released their 2024 Annual Report, which analyzed data from these questionnaires and reports. We provide an overview of some of the key insights and statistics that will help organizations assess their current practices and prepare for next year’s reporting cycle.
Department of Finance Proposes Public Disclosure Requirements for Federally Regulated Pension Plan Investments
On November 2, 2024, the federal Department of Finance published for consultation draft regulations that would amend the Pension Benefits Standards Regulations, 1985. The proposed amendments would prescribe the types of information (including geographic jurisdictions and plan asset categories) that must be made publicly available by the Office of the Superintendent of Financial Institutions for the investments of federally regulated pension plans with assets under management greater or equal to C$500-million.