Thank you. I also want to extend my thanks and welcome to the witnesses who are here today.
I want to begin by changing the focus a bit. News reports today have dozens of people in long-term care facilities, potentially, based on military reports here in Ontario, having died from dehydration and neglect, which I think is to our country's great shame. I know there is a lot of finger pointing around jurisdiction and who is responsible for national standards, but there is one company that, through its Crown corporation ownership, is well within the purview of the TSB. That, of course, is Revera.
Revera has had, I believe, somewhere around 300 deaths within its facilities. I don't know if Revera is also included in the military report as it relates to the dehydration and negligence, but we know that back in 2007 the Public Sector Pension Investment Board purchased what was then termed a retirement residence real estate investment trust—a retirement REIT. Essentially, Revera is a real estate company masquerading as a care company. In some of my preliminary work on this it's very clear, through their own governance structure as put on the PSP website, that they report to ministers.
I have a question, through you, Mr. Chair, for Ms. Girard, who also happens to be involved in some of the pension work. What risk analysis has your department done through the Treasury Board, understanding the potential social and financial risks that could be presented through the Crown corporation ownership of Revera?