Thank you for that question. It's such a simple question, yet it's so difficult to really get our heads around. What is the proper location for a definition, should there be a definition, and so on?
I think my research from the U.S. experience certainly suggests that if we do have a desired outcome for this provision—that is to say, the increased socio-demographic diversity of boards—then yes, there does need to be a definition. I think ideally that definition would be found within the text of the bill itself. It could certainly also be placed within the regulations, but again, I want to suggest that it need not be an either-or. That is to say, we can allow corporate Canada to tell us about their preferred forms of diversity while at the same time making it clear that there are certain types of diversity that we also want information on.