Industry committee  As I indicated at the last meeting, the regulation-making process is that this legislation gives regulation-making powers to the minister. Once this bill receives royal assent, Justice will assign drafters for the purpose of drafting those regulations. Then those regulations will

Industry committee  As I say, the formal process for drafting begins once we have regulatory-making capacity.

Industry committee  My answer was that the general contours are as I've described. So—

Industry committee  Contours. There would be guidance to corporations that diversity would be included but not limited to the employment equity groups.

Industry committee  The Employment Equity Act lists four groups under which gender is already covered, so the diversity beyond gender would include visible minorities, persons with disabilities, and aboriginal peoples.

Industry committee  It would be included but not limited to.

Industry committee  My view is.... I don't have a view, but I think the view—

Industry committee  The regulation would provide guidance to firms as to how to understand diversity with respect to the policies, and as I've said, the guidance would list the employment equity groups.

Industry committee  The prescribed information will be set out in the regulations. The prescribed information sets out both the prescribed information and a policy. The policy on diversity, as indicated, will give guidance that diversity includes the employment equity groups, which would include vis

Industry committee  Yes. The regulations set out the prescribed information that the legislation gives them the power to set out.

Industry committee  That's not a question for me to answer.

Industry committee  This legislation allows for the regulations to set out what prescribed information related to diversity they need to provide to their shareholders and to summarize their diversity policy for their members and to provide that information to the director of Corporations Canada for

Industry committee  It will set out the....

Industry committee  The legislation allows for the capacity to set out what information we ask corporations to provide, and at a minimum, a diversity policy if they have one.

Industry committee  But it allows for the regulations to determine what specific asks we make.