I would add that one other thing we try to do is create uniformity at the national level for all these corporations, because right now there isn't uniformity at the provincial level either. You are setting rules that apply across the country for these corporations. For those companies that will be in those situations, this will be simpler. Removing it raises a number of issues, not only in terms of other parts of the bill that make reference to some of the terms but also of the legal regime that applies then and the differences that currently still remain within provincial jurisdiction. The intent in federal corporate statutes is to create uniformity.
On April 21st, 2009. See this statement in context.