Actually, if we follow the European model, it is annual revenues. The Chair was speaking about divergent views, but I think there's some congruence here between us. Ms. Gratton said that we have to make sure that we take into account the circumstances of the organization. Gary Dickson spoke of SMEs and how they are more sensitive to fines. Using a percentage, I feel, is fairer because then you don't slap a million dollar fine on a small company. A percentage would fit the gravity of an offence and would be fairer in practice.
On February 14th, 2017. See this statement in context.