Industry committee  As far as I'm aware, there's no question of any consideration that the director liability provisions are a problem. The act itself provides a due diligence defence in virtually every case. Do you mean director liability for specific issues or just generally with respect to corp

Industry committee  The other one that comes to mind is SHARE from Vancouver, the Shareholder Association for Research and Education. They were very involved in the 2001 amendments. They helped us immensely with framing some of the shareholder communications proposals and how they would operate. The

Industry committee  This is the first review since 2001. The 2001 amendments, which were quite comprehensive--basically, whole sections of the act were rewritten--were the first substantive amendments since 1975. There had been some housekeeping bills and some up-to-date measures that had taken plac

Industry committee  There are very few provisions in the CBCA regarding insider trading. The 2001 amendments, for the most part, relegated those to the provincial securities regulators. There are some rules in there about buying and selling on margin, or short-selling, that you can't do it as an ins

Industry committee  They use the securities act.

Industry committee  The administrators can speak to the cost-effectiveness of incorporation and the level of service provided. The name search is important for businesses that are doing business across the country. If you are of a view that you might want to do business in the international sphere

Industry committee  As I said, the objective standards here are clear, understood, and common in federal corporate law. They are like a baseline for the accounting profession. If, as has been argued by the accounting profession, their individual independent standards are more strict than this, then

Industry committee  The practical upshot would be that in provinces that do regulate the profession, by removing paragraph 181(1)(b), accountants who may not have the qualifications would be allowed to audit or do review engagements of federal corporations but they would not be allowed to do audits

Industry committee  The act as presently drafted recognizes that provinces have the authority to set standards for the accounting profession. The federal government does not do so. All the act does is say that you can be a member of a professional body, but you also, at the same time, must adhere to

Industry committee  The parts are intended to assist and provide guidance, procedures, and rules for the small number of corporations who may issue debt obligations to get financing. A number of the corporations under this act are quite large. They undertake capital projects. They can go out into th

Industry committee  If the committee were to decide to take these two sections out.... First of all, you are right in saying that they make up a large part of the act. However, they are self-contained, and small corporations that would be using this act would never use them. They'd just skip by them

Industry committee  Yes.

Industry committee  Part 6 and part 7 can in many ways be treated as a piece. They are considered to be what we call “contingent provisions”. It is recognized that very few corporations would use these even as they are currently written. There are provinces that now have adopted uniform transfer-of-

Industry committee  The problem we have is the problem we've had from the very beginning of the whole consultation process, which is that this bill applies to the widest possible range of organizations. You ran into one issue today where you had the CICA and the CGA with diametrically opposed viewp

Industry committee  A summary for 2000 and 2002 was posted on the Industry Canada website. That can be provided to the committee if you wish. We have it in both official languages.