Thank you.
With respect to the way the bill is laid out in terms of “prescribed information” respecting gender representation and diversity, the regulation would be guided by the legislation as passed. In this particular case, the regulations would have to indicate the prescribed information that the prescribed corporations—in this case, distributing corporations of the CBCA—would need to provide to their shareholders, in the proxy circular, on an annual basis.
The regulations would need to define and lay out, for each one of these categories, what prescribed information they would need to provide—i.e., prescribed information on the senior management and their board makeup related to age, colour, race, religion, and national or ethnic origin. Each one of those would need to be spelled out in the regulations, and the proxy circular would be required for the corporation to be able to fill out each one of those.
I hope that clarifies it.