Bill C-254 (Historical)

An Act to amend the Canada Business Corporations Act

This bill was last introduced in the 37th Parliament, 3rd Session, which ended in May 2004.

This bill was previously introduced in the 37th Parliament, 2nd Session.

Sponsor

Pat Martin  NDP

Introduced as a private member’s bill. (These don’t often become law.)

Status

Not active, as of Oct. 24, 2002
(This bill did not become law.)

Elsewhere

All sorts of information on this bill is available at LEGISinfo, an excellent resource from the Library of Parliament. You can also read the full text of the bill.

Canada Business Corporations ActRoutine Proceedings

October 24th, 2002 / 10:30 a.m.
See context

NDP

Pat Martin NDP Winnipeg Centre, MB

moved for leave to introduce Bill C-254, an act to amend the Canada Business Corporations Act

Mr. Speaker, the bill seeks to amend in a minor way the Canada Business Corporations Act. It would require auditors in their annual financial statements to a company to divulge if they are selling any other non-audit services to the same company. It would add a requirement to the auditing firm to divulge to shareholders if they are also selling other financial services and therefore possibly be in a conflict of interest.

It is a consumer issue, and that shareholders have a right to know if this practice is in fact taking place in the companies where they invest.

(Motions deemed adopted, bill read the first time and printed)