Thank you, Mr. Chair.
I understand that we want to make changes to the amendment as it was proposed. However, you have to understand that each company has different types of shares. Some are fixed income and are linked to pension funds, for example. So you can't have that.
In terms of the common shares, the holders can get dividends, but as Mr. McGowan said, you have to make sure that they are the ultimate shareholders. It's important to note that funds flow from one entity to another. Companies are made up of multiple entities and transfer their funds between them for cash flow, programs and operations through corporate dividends, which are paid on common shares.
So even if we make an amendment like the one proposed by Mr. McLean, which is to make it only about dividends paid on common shares, we will create a big problem for companies that are doing nothing wrong. It's their day‑to‑day operations. They would be asked to repay the wage subsidy because they have the same operations. That makes no sense. I hope that's clear.