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The Osgoode Society for Corporate Governance
tours the OSC
MICHAEL CAPITANO
Staff Writer
In case you missed it, on Friday, January 31,
the Osgoode Society for Corporate Governance
(OSCG) organized a tour for Osgoode students to
the Ontario Securities Commission (OSC). As the
first tour of its kind, it was a unique opportunity
to learn about the work of the OSC and potential
career opportunities.
Located conveniently beside the Eaton’s
Centre, the OSC is Ontario’s main regulatory
body on securities law, provides investor protection from fraudulent practices and seeks to foster
confidence in the capital markets. With a diverse
range of practice areas, from securities litigation
to policy development, the OSC is an interesting
place to start your law career as an alternative
to a firm.
The tour began with an introduction and
overview of the OSC. The OSC itself is responsible and accountable for protecting the public
interest and according itself with good governance practices. To do so, it utilizes a host of
committees to ensure the integrity of the commission and that risks are properly managed.
The OSC also discussed its policy-making function and the challenges it faces managing the
multiple roles of its members.
The day then transitioned into talks on corporate governance. In particular, the presentation focused on a proposed OSC amendment to
National Instrument 58-101 Disclosure of Corporate Governance Practices, regarding representation of women on boards and in senior
management. The presenters highlighted the
government’s support for broader gender diversity on boards and senior management of business. Public roundtables and other consultations
have been conducted. The general objective to
encourage more effective boards, better corporate decision making by requiring greater
transparency for stakeholders regarding the
representation of women on boards and senior
management of reporting issuers. The proposed
amendment focuses on corporate governance disclosure requirements for companies on the issue.
The day ended with a networking lunch,
giving attendees the chance to mingle with
members of the OSC.
If you want more information about the OSC,
please visit their website at www.osc.gov.on.ca.
For more information about the OSCG, our
cool initiatives, and what we’re all about, visit
our website at www.oscg.ca or contact us at
[email protected].
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