Madam Speaker, I think one of the challenges of the New Democratic Party's approach on this is that we may do harm in other areas if we single out a single group of executives for special treatment. I think we need to be careful that we do not have a knee-jerk reaction to the broader issue of executive compensation.
I think many Canadians would welcome a debate, as is going on in broader international forums right now on executive compensation practices. However, if we are going to do anything, it needs to be of general import, it needs to be of general application. If we single out a single institution for special treatment with respect to executive compensation, there may be unintended consequences which may do even more harm to the pension plan or the investment board than we realize.
The first principle in many areas of life is to do no harm. Therefore, I think we need to think carefully about whether we want to do something that is specific to the Canada Pension Plan Investment Board rather than have a broader debate about compensation practices in Canada which would ultimately end up with something of general import.