Yes, there are a number of concerns here, but the bottom line is one thing: this bill discriminates against Canadian companies. It puts an onerous regime in place for Canadian companies that does not apply to companies from other countries that are operating in exactly the same context as the Canadian companies are internationally.
Does it create an incentive for Canadian head offices to leave Canada and go abroad? Yes, it does. Does it create a disincentive for Canadian companies to take over operations that are deficient today and bring them up to global standards, up to Canadian standards? Yes, it provides that disincentive.
Does it provide a competitive disadvantage for Canadian companies that may be maintaining higher standards against a foreign company that maintains a lower standard? Yes, it does.
In all of the areas, the perverse impacts of the bill could work directly against the expressed intentions of Parliament and of the bill's authors.