Thank you very much for being here today. I certainly appreciate not only your time but also your intelligent and well-researched comments.
I've been listening to you today as you've talked about the need for guidelines and backgrounders, greater transparency, and those types of issues. I hearken back to the 2008 Red Wilson report, “Compete to Win”. It talked about greater transparency. I think it talked about predictability and timeliness. I happen to have a copy of it here. I'll just read a couple of lines from it. I'd like to know from Mr. Goldman, Mr. Borgers, and maybe Mr. Coles if this is what we're talking about when we're talking about transparency.
It says in the report that they recommend requiring ministers to report publicly on the disallowance of any individual transaction, and in so doing giving reasons for the disallowance, and that their annual report should provide information on the development of any new policies or guidelines as an overview of all transactions related to the ICA and undertakings provided by foreign investors. Then further down the page it talks about how the government should also make increased use of guidelines and other advisory materials to provide information concerning the review process.
This was two years ago, in the “Compete to Win” report by Red Wilson.
Mr. Goldman, are you familiar with the report? Is this what you're talking about when you're asking about using guidelines, backgrounders, greater transparency?