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1 - 15 of 1221
Add a filter on Committee Evidence - INDU-63
Committee Evidence - INDU-63
2011-03-24
David Sweet - 15:38
Lib. (NL)
Siobhan Coady (St. John's South—Mount Pearl)
2011-03-24 15:38
...More
Thank you very much.
Thank you, Ms. Walker, for lending your expertise to us this afternoon and for all the great work you've done on this issue. We certainly appreciate it.
There are a number of questions and I have a lot to get through, so forgive me: I'm not skipping over predictability and transparency, but I want to back up a tiny little bit.
...Less
Foreign investments in Canada
Investment Canada Act
Sandy Walker - 15:39
Lib. (NL)
Siobhan Coady (St. John's South—Mount Pearl)
2011-03-24 15:39
...More
I think we've got a good picture, and you've given us some really good explanations and requirements.
I want to go back to the Budget Implementation Act of 2009, if I may, and some of the Wilson report's recommendations that were included in the 2009 report, mostly around what I'm going to call the threshold. You understand the review threshold for investments.
...Less
Foreign investments in Canada
Investment Canada Act
Sandy Walker - 15:40
Lib. (NL)
Siobhan Coady (St. John's South—Mount Pearl)
2011-03-24 15:40
...More
They were supposed to change from $312 million in book value to $1 billion in enterprise value, and we haven't been able to move that forward. I think you wrote last year, in September 2010, in a report called “Recent Developments in Foreign Investment Review in Canada: Much Fanfare, Much Furor…Much Ado about Nothing?”--
...Less
Foreign investments in Canada
Investment Canada Act
Sandy Walker - 15:40
Lib. (NL)
Siobhan Coady (St. John's South—Mount Pearl)
2011-03-24 15:40
...More
Okay, perfect. On the reasons for the government delays in regulations around the higher enterprise value, could you elaborate on why the government's delay in implementing the new threshold isn't clear? Do you know what's happening at that end? How much more quickly can we move forward?
...Less
Foreign investments in Canada
Investment Canada Act
Legislation
Sandy Walker - 15:40
Lib. (NL)
Siobhan Coady (St. John's South—Mount Pearl)
2011-03-24 15:40
...More
Is this a source of uncertainty for investors and the legal community? How much of a concern is this? They know the threshold is moving. Is it again around the whole issue of predictability?
...Less
Foreign investments in Canada
Investment Canada Act
Sandy Walker - 15:41
Lib. (NL)
Siobhan Coady (St. John's South—Mount Pearl)
2011-03-24 15:41
...More
Are there any recommendations you'd like to make to this committee on defining “enterprise value”? There seem to be a lot of issues around the definition of “enterprise value”.
...Less
Foreign investments in Canada
Investment Canada Act
Sandy Walker - 15:41
Lib. (NL)
Siobhan Coady (St. John's South—Mount Pearl)
2011-03-24 15:41
...More
Industry Canada told us that there's a delay due to the consultations on how to define it. When Industry Canada came to the committee, that was their reason for the delay.
...Less
Foreign investments in Canada
Investment Canada Act
Sandy Walker - 15:42
Lib. (NL)
Siobhan Coady (St. John's South—Mount Pearl)
2011-03-24 15:42
...More
You spoke about the Wilson report. The Wilson report made very clear recommendations to enhance transparency and predictability, which is how you started your discourse this afternoon. As an example, one recommendation was to increase the use of guidelines and other advisory materials, but those recommendations haven't been implemented at this point, nor were they raised under the context of the Budget Implementation Act when other issues were raised around this. Would you encourage--
...Less
Competition Policy Review Panel
Foreign investments in Canada
Investment Canada Act
Sandy Walker - 15:43
Lib. (NL)
Siobhan Coady (St. John's South—Mount Pearl)
2011-03-24 15:43
...More
Would you encourage the government to implement specific recommendations of the Wilson report? You made some very good recommendations here as well this afternoon. Are there others we should do that you're aware of?
...Less
Competition Policy Review Panel
Foreign investments in Canada
Investment Canada Act
Sandy Walker - 15:43
Lib. (NL)
Siobhan Coady (St. John's South—Mount Pearl)
2011-03-24 15:43
...More
Speaking about guidance, in the 2009 Budget Implementation Act, there was this requirement for a new annual report that Industry Canada must provide to the minister on the administration of the ICA. Now, we have yet to see such a report. That aside, you're a practitioner in the foreign investment field. What sort of information details should be contained in the annual report? What would you like to see?
...Less
Department of Industry
Federal institutions annual reports
Foreign investments in Canada
Investment Canada Act
Sandy Walker - 15:43
Lib. (NL)
Siobhan Coady (St. John's South—Mount Pearl)
2011-03-24 15:44
...More
Yes.
...Less
Sandy Walker - 15:44
Lib. (NL)
Siobhan Coady (St. John's South—Mount Pearl)
2011-03-24 15:44
...More
In detail.
...Less
Foreign investments in Canada
Investment Canada Act
Sandy Walker - 15:44
Lib. (NL)
Siobhan Coady (St. John's South—Mount Pearl)
2011-03-24 15:44
...More
One of the things you talked about was the need for understanding both the rules and the reasoning. How would investors use this report, when we get to having one, and how would Canadians? Is this a tool for people who are entering Canada thinking about foreign investment, as well as giving you some guidelines to encourage people who want to come—
...Less
Foreign investments in Canada
Investment Canada Act
Sandy Walker - 15:45
Add a filter on Committee Evidence - OGGO-55
Committee Evidence - OGGO-55
2011-03-22
Chris Warkentin - 11:13
Lib. (NL)
Siobhan Coady (St. John's South—Mount Pearl)
2011-03-22 11:13
...More
Thank you very much. I certainly appreciate being here today and all the good work that you've done over the years. I appreciate your taking the time to come to see us today.
I noted that you requested to appear before committee as you tabled your report. I just want to read the title of the report: “Merit and non-partisanship under the Public Service Employment Act (2003)”. This is a special report to Parliament.
Obviously you saw a few things that gave you pause for thought and gave you cause for concern, especially around non-partisanship, the political staff, and the public servants. We know, for example, that in one case last week we had the RCMP called in on an issue of interference under the Access to Information Act, and I'm going to get to that.
Have you seen, and can you give us examples of, how political staff might have interfered with public servants? Since you're looking at non-partisanship under the act and you're doing a special report, you were obviously concerned. Could you elaborate on why you were concerned and why this caused you to do this report?
...Less
8560-403-908-05 Report of the Public Ser ...
Merit principle
Partisanship
Political appointments
Public Service and public servants
Public Service Commission
Public Service Employment Act
Staffing
Maria Barrados - 11:14
Lib. (NL)
Siobhan Coady (St. John's South—Mount Pearl)
2011-03-22 11:17
...More
Thank you for that full discussion. I appreciate it.
I have two questions arising out of it. Yesterday there was a report by the Information Commissioner that touched on some of these key points. She mentioned the interference, in some ways, of some of the political staff with the public service staff. She wanted improved powers to go out there to do better investigations and bring charges, if need be. On a lot of what you're talking about, there is some cohesiveness between the two reports.
You talked about independent assurance that appointments to positions of leadership are merit-based and not politically influenced. We've been studying the integrity commissioner, and one of the things that arose out of our discussions was the fact that the chair of the selection committee is the Treasury Board president, the Honourable Stockwell Day. I questioned whether that was the most appropriate position for someone of his stature to hold, and whether it could cause some conflict because of the role of the integrity commissioner.
Would you comment on that? What would be your guidance in this regard? The person who answered the question also pointed out that the Treasury Board president was also the chair of the selection committee for the Auditor General, for example. Do you have concerns about that at all?
...Less
Merit principle
Partisanship
Political appointments
Public Service and public servants
Public Service Commission
Public Service Employment Act
Staffing
Maria Barrados - 11:19
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