If I could add to Wayne's comments, one of the things that's interesting about the CBCA is that compared to some U.S. legislation—I'm not sure exactly which jurisdictions Enron was incorporated in—my understanding is that the CBCA is more focused towards shareholder rights and giving shareholders the tools they need to influence the running of the company. That may not be the case in some U.S. jurisdictions, particularly where they are more management-oriented in corporation rules and corporate governance rules as well. It may be that those lessons of Enron and WorldCom are not directly transferrable here as well, because we have a statute with a different kind of focus.
On November 4th, 2009. See this statement in context.