Mr. Chair, these are excellent observations. We're very conscious of, first, not paralyzing the system and, second, of not shutting down institutions that absolutely must continue to operate. It would be extremely disruptive. When public interest is guiding the disclosure, what they ultimately want is an end to the behaviour, an immediate correcting action, and a visible change in the management.
We've also looked at the private sector. We had the senior VP of Petro-Canada at our first colloque. We had as well Mr. Thomas d'Aquino, who is very well known and who also provides us with a quote in the annual report. Again, the earliest intervention at the earliest possible time is what people want, because reputations of well-known institutions might be at stake. To quote Mr. d'Aquino, leadership at the top is what counts. But at the end of the day, we're very conscious that you can also have wrongdoing by omission. If you don't have a timely intervention, that is extremely costly to the taxpayers, and then you're not doing your job. You may be safe from a risk management perspective, but in the end, we do want to encourage organizations to manage, to do performance management, and to take decisions in a timely fashion.
Next year we want to take a look at systemic issues, and perhaps members of this committee could guide us. In fact, that is one of the initiatives we want to launch with the unions I just mentioned. We want to look at the key challenges or systemic vulnerabilities and at some practical options and solutions so that we don't go two or three years down the line, when it's too late, and we don't paralyze organizations.
That could hopefully be subject matter.