Mr. Speaker, the heart of the matter the hon. member brings up is an issue of corporate governance. The issue of corporate governance is one that the Minister of Industry is looking at in his department. They have released a series of papers. The Senate banking committee is looking at the issue of corporate governance. The studies will form part of my own white paper on the financial institution legislation.
To refer to the actual incident the hon. member brings up, I will not give him a legal opinion as I am certainly not a lawyer and as a matter of fact, he is a lawyer. However, I can say generally speaking that the fiduciary responsibilities of financial institution executives are taken very seriously. Where a conflict occurs, they can of course abstain from voting on those matters.