Human Resources committee  Yes, that's more or less correct, sir. I would highlight it really as an opportunity for collaboration. If the government's purpose is to support home building on reserves in a responsible way, then having some kind of clearing house or a place to connect these efforts would be

Human Resources committee  Certainly. It's located in Squamish, British Columbia, between Vancouver and Whistler. It's a private university established by a former president of UBC, David Strangway.

Human Resources committee  I don't recall exactly. It's a small university, but quite well respected, internationally renowned, and attracting a very high quality of student and faculty.

Human Resources committee  I would be happy to step in. I would just say that we operate under the charitable regulations of Canada, the Charities Act. While in many respects it is quite restrictive, in terms of ownership of assets, the ability to participate in limited partnerships, and the ability to own

Human Resources committee  Yes, that is correct. There are some very clear recommendations coming from England and the United States about how to do that. We have some other ideas; as Mr. Chiu noted, the OECD has some suggestions as well.

Human Resources committee  Yes. I will begin that answer, and then invite Mr. Chiu to speak. The key point is to allow a corporate vehicle to exist which is a hybrid, for-profit and not-for-profit corporation, and which can have share capital, but has a social purpose. That's one recommendation that has

Human Resources committee  Thank you very much, Mr. Butt. Just to refer back to the aboriginal issue we began to talk about, we're going to start building houses this spring in four communities that want to take on that new model that I referred to. They're going to build their own houses, they're going

Human Resources committee  Sure, I'm happy to follow up there. One of the key aspects to this relationship with governments is that impact investors are able to de-risk situations. Our previous questioner mentioned the need to protect taxpayers' money. By putting the risk over on the impact investment sid

Human Resources committee  Perhaps I could follow up. I appreciate the question very much. I think the first thing is that it would be very helpful to clarify the regulatory environment here. This field is moving very slowly, because a lot of obstacles are there. I'll mention one, which is the limited pa

Human Resources committee  If we're talking about the impact measurement around an investment, it's pretty clear that we have to have some defined metrics by which that's going to be assessed. At the same time, it's important to highlight that when we're talking about social finance, we're also talking abo

Human Resources committee  Certainly. The last point is really the RECODE initiative, a $10-million initiative to introduce the opportunity for social enterprise development and social innovation to Canada's post-secondary sector. In this we are pleased to partner with the Trico Group, your next speaker,

Human Resources committee  Thank you very much, Mr. Chair. Just let me say how much I appreciate the opportunity to speak today. We really value this opportunity to work together with partners in government, the private sector, and the community sector to improve the lives of Canadians in our communities.