Term extended for Maureen Jensen, chair of Ontario's securities watchdog

TORONTO _ The woman helming the top job at Ontario’s securities watchdog has had her term extended for three years by the Ontario Ministry of Finance.

Maureen Jensen’s two-year term as chair and CEO of the Ontario Securities Commission was set to expire in February 2018, but will now end in February 2021.

Charles Sousa, Ontario Minister of Finance, says Jensen has worked tirelessly to improve women’s representation on boards, enhance whistleblower protection, and advance the Ontario government’s push toward a co-operative capital markets regulator.

Jensen said in October that it might be time to strengthen its measures to get more women on boards after little progress.

The OSC does not have the authority to impose a specific target or quota for gender diversity.

But Jensen said the regulator is looking at options such as requiring companies to set a target and disclose progress in meeting it.