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 oscg@osgoode.yorku.ca.