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House Bill

Bill C-256

44th Parl. 1st Sess.
March 03, 2022
An Act to amend the Financial Administration Act (composition of boards of directors)
  • Bill C-256 is an Act that aims to amend the Financial Administration Act in Canada. The purpose of this Act is to ensure gender parity on the boards of directors of parent Crown corporations. It states that these boards should not have fewer women than men serving as directors. The Act also includes provisions for the appointment process, reporting, and review of the gender composition of these boards. If a board is found to be in non-compliance with the gender parity requirement, the appropriate Minister can only appoint women as directors until the balance is achieved. This Act will come into force six years after receiving royal assent.
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