Thank you, Madam Chair. Good morning.
My name is Harry Lake. I am a partner with BDO Canada. I lead the aboriginal consulting services nationwide for BDO. Before we begin, I want to thank the standing committee for inviting BDO to present today.
As an introduction, BDO is one of Canada's leading accounting and advisory firms in the mid-market with more than 100 offices across Canada. We're leaders in aboriginal consulting and advisory services, of which default management makes up approximately 10% of the aboriginal services we offer.
With me is my colleague, Jacques Marion, who is a partner in BDO's Winnipeg office with more than 20 years working with first nations in the capacity of third party manager, co-manager, and as trusted adviser.
In our presentation today, we're going to cover our perspective on why first nations end up being in default management, the industry that provides default management services, the key success factors that we see for default remediation, and the items we think you should consider when assessing alternative models for default management.