Madam Chair, this is dealing with the issue of time limits on how long a person can serve on a board. The current legislation at clause 10, proposed subsection 21(3), puts a time limit in place for how long the CEO can serve, but at the moment directors seem to be able to be appointed for an indefinite period, and that doesn't seem like a good idea.
If we're going to put a time limit on the CEO, why do we not put a time limit on directors? I don't see a rationale for it, and on that basis I'm proposing, at line 11 on page 100, a proposed subsection 15(2.1), that reads:
(2.1) No director is to serve in any capacity if they have served a combination of terms totalling ten years.