Thank you, Minister.
I'm thinking of boards that I've served on. I've been on the boards of a few multinational corporations. I've been on the boards of some Canadian corporations. We've looked at the difference between strategic and tactical. That's where we always argued at the board table: how deep into the weeds we needed to get in terms of board governance and how to get some of the best practices on governance forward versus how many machines we needed in a plant, or management decisions.
At the last meeting we met with some of the department officials and we were talking about the difference between regulatory and statutory or legal definitions. When we talked about diversity, how much of that is within regulations and how much of that should be within legislation? We were trying to separate out the strategic versus the tactical.