OntarioDid Not Pass43rd Parliament, 1st Session

Bill 50 explained in plain English

Building Better Business Outcomes Act, 2023

Economy, Business & Trade Democratic Institutions & Elections Consumer Protection

Ontario legislature bill summary, status, timeline, sponsor, votes, and official sources.

How This Type of Bill Becomes Law Official source

At a glance

Jurisdiction

Ontario Legislature

Legislature / Parliament

Legislative Assembly of Ontario

Session

43rd Parliament, 1st Session

Bill number

Bill 50

Full title

Building Better Business Outcomes Act, 2023

Current status

Did Not Pass

Latest event

Lost on division

Last updated

Mar 1, 2023

Sponsor

Stephanie Bowman

Official Legislative Assembly of Ontario snapshot for 43rd Parliament, 1st Session. Representative vote breakdowns appear when the Assembly publishes an Ayes and Nays page for the bill.

Chamber

Legislative Assembly of Ontario

Current Stage

Lost on division

Latest Activity

Mar 1, 2023

Sponsor

Stephanie Bowman

Plain-language explanation

In plain English (our explanation)

Our plain-language take, written for civic education.

Source: By PoliticalData.ca

AI-assisted, reviewed before publishing

Short Version

The Building Better Business Outcomes Act, 2022, amends the Securities Act to require publicly traded issuers to adopt and make available written policies for identifying director candidates from specified underrepresented groups.

What It Means

This Ontario bill, called the Building Better Business Outcomes Act, 2022, amends the Securities Act. It requires companies whose shares are publicly traded to create and share a written policy about how they find candidates to nominate for their board of directors. This policy must include a process for identifying candidates who belong to certain underrepresented groups: women, Black, Indigenous or racialized people, people with disabilities, and LGBTQ+ individuals. The law will come into effect three years after it receives Royal Assent.

What This Bill Does

Amends the Securities Act.
Requires publicly traded issuers to adopt and make public a written policy on the director nomination process.
Specifies that the policy must include a process for identifying candidates from groups such as women, Black, Indigenous or racialized people, persons with disabilities, and LGBTQ+ individuals.
Sets a commencement date for the Act.

Who Is Affected

Issuers whose shares are publicly traded in Ontario.
Individuals who are candidates for director nominations.
The public, through the availability of these policies.

Rights, Duties, Or Obligations

Issuers must adopt a written policy for director nominations.
Issuers must make this policy publicly available.
The policy must include a process for identifying candidates from specified underrepresented groups (women, Black, Indigenous or racialized people, persons with disabilities, LGBTQ+ individuals).

Important Dates

The Act comes into force on the third anniversary of the day it receives Royal Assent.

Uncertainties Or Limits

The specific requirements or expectations for what constitutes an adequate "written policy" or a sufficient "process for the identification of candidates" are not detailed in the provided text.
The bill does not specify the exact method or platform for making the policy "publicly available."
The bill does not define the size or type of "issuer whose shares are publicly traded" beyond that phrasing.

Laws Or Regulations Affected

Securities Act

amends

Adds a new section (121.2.1) requiring certain issuers to have and publish a written policy for nominating directors, including identifying candidates from specified underrepresented groups.

Source: Section 1

Generated using AI from official bill text. Not legal advice. It is written by PoliticalData.ca for civic education, automatically checked and spot-reviewed before publishing.

Official text

Process Snapshot

Step 1

First reading

Nov 29, 2022

Step 2

Second reading

Mar 1, 2023

Step 3

Committee review

Not reached yet

Step 4

Third reading

Not reached yet

Step 5

Royal assent

Not reached yet

Vote Summary

Yes

Abstain

Absent / Other

Final recorded vote

Mar 1, 2023

110 representative positions are recorded in this official snapshot for this vote.

Sponsor

Stephanie Bowman

Ontario Liberal Party | Don Valley West

Jurisdiction

Ontario Legislature

Representative Voting Breakdown

Vote badges include text labels so the table stays readable for everyone, even without color cues alone.

Representative	Role	Riding	Party	Vote	Notes
Stephanie BowmanSponsor MPP	MPP	Don Valley West	Ontario Liberal Party	Yes	Recorded without an additional note.
Adil Shamji MPP	MPP	Don Valley East	Ontario Liberal Party	Yes	Recorded without an additional note.
Bhutila Karpoche MPP	MPP	Parkdale—High Park	New Democratic Party of Ontario	Yes	Recorded without an additional note.
Catherine Fife MPP	MPP	Waterloo	New Democratic Party of Ontario	Yes	Recorded without an additional note.
Chandra Pasma MPP	MPP	Ottawa West—Nepean	New Democratic Party of Ontario	Yes	Recorded without an additional note.
Chris Glover MPP	MPP	Spadina—Fort York	New Democratic Party of Ontario	Yes	Recorded without an additional note.
Doly Begum MPP	MPP	Scarborough Southwest	New Democratic Party of Ontario	Yes	Recorded without an additional note.
Guy Bourgouin MPP	MPP	Mushkegowuk—James Bay	New Democratic Party of Ontario	Yes	Recorded without an additional note.
Jamie West MPP	MPP	Sudbury	New Democratic Party of Ontario	Yes	Recorded without an additional note.
Jeff Burch MPP	MPP	Niagara Centre	New Democratic Party of Ontario	Yes	Recorded without an additional note.
Jennifer (Jennie) Stevens MPP	MPP	St. Catharines	New Democratic Party of Ontario	Yes	Recorded without an additional note.
Jennifer K. French MPP	MPP	Oshawa	New Democratic Party of Ontario	Yes	Recorded without an additional note.
Jessica Bell MPP	MPP	University—Rosedale	New Democratic Party of Ontario	Yes	Recorded without an additional note.
Jill Andrew MPP	MPP	Toronto—St. Paul's	New Democratic Party of Ontario	Yes	Recorded without an additional note.
Joel Harden MPP	MPP	Ottawa Centre	New Democratic Party of Ontario	Yes	Recorded without an additional note.
John Fraser MPP	MPP	Ottawa South	Ontario Liberal Party	Yes	Recorded without an additional note.
John Vanthof MPP	MPP	Timiskaming—Cochrane	New Democratic Party of Ontario	Yes	Recorded without an additional note.
Kristyn Wong-Tam MPP	MPP	Toronto Centre	New Democratic Party of Ontario	Yes	Recorded without an additional note.
Lisa Gretzky MPP	MPP	Windsor West	New Democratic Party of Ontario	Yes	Recorded without an additional note.
Lise Vaugeois MPP	MPP	Thunder Bay—Superior North	New Democratic Party of Ontario	Yes	Recorded without an additional note.
Marit Stiles MPP	MPP	Davenport	New Democratic Party of Ontario	Yes	Recorded without an additional note.
Mary-Margaret McMahon MPP	MPP	Beaches—East York	Ontario Liberal Party	Yes	Recorded without an additional note.
Mike Schreiner MPP	MPP	Guelph	Green Party of Ontario	Yes	Recorded without an additional note.
Mitzie Hunter MPP	MPP	Scarborough—Guildwood	Ontario Liberal Party	Yes	Recorded without an additional note.
Monique Taylor MPP	MPP	Hamilton Mountain	New Democratic Party of Ontario	Yes	Recorded without an additional note.
Peggy Sattler MPP	MPP	London West	New Democratic Party of Ontario	Yes	Recorded without an additional note.
Peter Tabuns MPP	MPP	Toronto—Danforth	New Democratic Party of Ontario	Yes	Recorded without an additional note.
Sandy Shaw MPP	MPP	Hamilton West—Ancaster—Dundas	New Democratic Party of Ontario	Yes	Recorded without an additional note.
Sol Mamakwa MPP	MPP	Kiiwetinoong	New Democratic Party of Ontario	Yes	Recorded without an additional note.
Stephen Blais MPP	MPP	Orléans	Ontario Liberal Party	Yes	Recorded without an additional note.
Ted Hsu MPP	MPP	Kingston and the Islands	Ontario Liberal Party	Yes	Recorded without an additional note.
Terence Kernaghan MPP	MPP	London North Centre	New Democratic Party of Ontario	Yes	Recorded without an additional note.
Teresa J. Armstrong MPP	MPP	London—Fanshawe	New Democratic Party of Ontario	Yes	Recorded without an additional note.
Tom Rakocevic MPP	MPP	Humber River—Black Creek	New Democratic Party of Ontario	Yes	Recorded without an additional note.
Wayne Gates MPP	MPP	Niagara Falls	New Democratic Party of Ontario	Yes	Recorded without an additional note.
Amarjot Sandhu MPP	MPP	Brampton West	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Andrew Dowie MPP	MPP	Windsor—Tecumseh	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Anthony Leardi MPP	MPP	Essex	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Aris Babikian MPP	MPP	Scarborough—Agincourt	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Billy Pang MPP	MPP	Markham—Unionville	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Brian Riddell MPP	MPP	Cambridge	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Brian Saunderson MPP	MPP	Simcoe—Grey	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Christine Hogarth MPP	MPP	Etobicoke—Lakeshore	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Daisy Wai MPP	MPP	Richmond Hill	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Dave Smith MPP	MPP	Peterborough—Kawartha	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
David Smith MPP	MPP	Scarborough Centre	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Dawn Gallagher Murphy MPP	MPP	Newmarket—Aurora	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Deepak Anand MPP	MPP	Mississauga—Malton	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Effie J. Triantafilopoulos MPP	MPP	Oakville North—Burlington	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Goldie Ghamari MPP	MPP	Carleton	Independent	No	Recorded without an additional note.
Hardeep Singh Grewal MPP	MPP	Brampton East	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Hon. Andrea Khanjin MPP	MPP	Barrie—Innisfil	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Hon. David Piccini MPP	MPP	Northumberland—Peterborough South	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Hon. Donna Skelly MPP	MPP	Flamborough—Glanbrook	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Hon. Doug Downey MPP	MPP	Barrie—Springwater—Oro-Medonte	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Hon. Doug Ford MPP	MPP	Etobicoke North	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Hon. Ernie Hardeman MPP	MPP	Oxford	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Hon. George Pirie MPP	MPP	Timmins	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Hon. Graham McGregor MPP	MPP	Brampton North	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Hon. Graydon Smith MPP	MPP	Parry Sound—Muskoka	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Hon. Greg Rickford MPP	MPP	Kenora—Rainy River	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Hon. Jill Dunlop MPP	MPP	Simcoe North	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Hon. Kevin Holland MPP	MPP	Thunder Bay—Atikokan	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Hon. Kinga Surma MPP	MPP	Etobicoke Centre	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Hon. Laurie Scott MPP	MPP	Haliburton—Kawartha Lakes—Brock	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Hon. Michael A. Tibollo MPP	MPP	Vaughan—Woodbridge	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Hon. Michael Parsa MPP	MPP	Aurora—Oak Ridges—Richmond Hill	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Hon. Michael S. Kerzner MPP	MPP	York Centre	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Hon. Mike Harris MPP	MPP	Kitchener—Conestoga	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Hon. Neil Lumsden MPP	MPP	Hamilton East—Stoney Creek	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Hon. Nina Tangri MPP	MPP	Mississauga—Streetsville	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Hon. Nolan Quinn MPP	MPP	Stormont—Dundas—South Glengarry	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Hon. Paul Calandra MPP	MPP	Markham—Stouffville	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Hon. Peter Bethlenfalvy MPP	MPP	Pickering—Uxbridge	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Hon. Prabmeet Singh Sarkaria MPP	MPP	Brampton South	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Hon. Raymond Sung Joon Cho MPP	MPP	Scarborough North	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Hon. Rob Flack MPP	MPP	Elgin—Middlesex—London	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Hon. Stan Cho MPP	MPP	Willowdale	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Hon. Stephen Crawford MPP	MPP	Oakville	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Hon. Stephen Lecce MPP	MPP	King—Vaughan	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Hon. Steve Clark MPP	MPP	Leeds—Grenville—Thousand Islands and Rideau Lakes	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Hon. Sylvia Jones MPP	MPP	Dufferin—Caledon	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Hon. Trevor Jones MPP	MPP	Chatham-Kent—Leamington	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Hon. Victor Fedeli MPP	MPP	Nipissing	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Hon. Vijay Thanigasalam MPP	MPP	Scarborough—Rouge Park	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Jess Dixon MPP	MPP	Kitchener South—Hespeler	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
John Jordan MPP	MPP	Lanark—Frontenac—Kingston	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
John Yakabuski MPP	MPP	Renfrew—Nipissing—Pembroke	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Kaleed Rasheed MPP	MPP	Mississauga East—Cooksville	Independent	No	Recorded without an additional note.
Laura Smith MPP	MPP	Thornhill	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Lisa MacLeod MPP	MPP	Nepean	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Logan Kanapathi MPP	MPP	Markham—Thornhill	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Lorne Coe MPP	MPP	Whitby	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Matthew Rae MPP	MPP	Perth—Wellington	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Merrilee Fullerton MPP	MPP	Kanata—Carleton	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Michael D. Ford MPP	MPP	York South—Weston	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Monte McNaughton MPP	MPP	Lambton—Kent—Middlesex	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Natalie Pierre MPP	MPP	Burlington	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Parm Gill MPP	MPP	Milton	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Ric Bresee MPP	MPP	Hastings—Lennox and Addington	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Rick Byers MPP	MPP	Bruce—Grey—Owen Sound	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Robert Bailey MPP	MPP	Sarnia—Lambton	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Robin Martin MPP	MPP	Eglinton—Lawrence	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Ross Romano MPP	MPP	Sault Ste. Marie	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Rudy Cuzzetto MPP	MPP	Mississauga—Lakeshore	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Sheref Sabawy MPP	MPP	Mississauga—Erin Mills	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Stéphane Sarrazin MPP	MPP	Glengarry—Prescott—Russell	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Todd Smith MPP	MPP	Bay of Quinte	Progressive Conservative Party of Ontario	No	Recorded without an additional note.
Vincent Ke MPP	MPP	Don Valley North	Independent	No	Recorded without an additional note.
Will Bouma MPP	MPP	Brantford—Brant	Progressive Conservative Party of Ontario	No	Recorded without an additional note.

Official sources

Status, sponsor, votes, and timeline on this page are drawn from these official legislative sources and public records. Each summary above is attributed to its own source.

How this data is sourced