I will begin and then I will ask my colleagues to complete my answer.
As I was saying during my presentation, the Telefilm Canada Act goes back to 1967. It has been somewhat overtaken by events. We realize that we have been able to cover the audio-visual field through contribution agreements until the legislation was amended. These agreements are extremely restrictive and leave Telefilm and its board of directors very little leeway to do any oversight of the activities of the corporation. In other words—and I am choosing my words carefully—working in this way is somewhat like working under a form of trusteeship.
We feel that after all these years, the corporation is mature and should be treated as such, like any crown corporation. As a result, the more modern, contemporary and normal treatment—and this is not overly complicated—would be under part X of the Financial Administration Act, which provides for settling issues that include the composition of the board, the appointment of board members, provisions regarding conflicts of interest, as well as one provision of the current legislation that obviously poses a serious problem for us: section 5 only talks about eligibility. The eligibility means that we are not able to appoint members who would have a pecuniary interest in the audio-visual world.
What representatives from the audio-visual world could therefore ever sit on Telefilm's Board if they did not get rid of all their financial interests?
There is a modern way to settle these problems, these conflicts of interest, and part X abundantly provides for it.