Evidence of meeting #51 for Industry, Science and Technology in the 42nd Parliament, 1st Session. (The original version is on Parliament’s site, as are the minutes.) The winning word was diversity.

A recording is available from Parliament.

On the agenda

MPs speaking

Also speaking

Mark Schaan  Director General, Marketplace Framework Policy Branch, Strategic Policy Sector, Department of Industry
Philippe Méla  Legislative Clerk

10:40 a.m.

Conservative

Earl Dreeshen Conservative Red Deer—Mountain View, AB

Just speaking to that part, I think Mr. Schaan mentioned the date and how once it comes into force...and he is indicating that it's going to take 12 to 18 months for everything to go through gazetting and regulations and to be out so that corporations are then being forced to move on this. I would think that as we would have that first review and discussion, all you would be able to get from that is, okay, we did it, and here it is. I don't think you'd have an opportunity to see what would be happening in the business world or to see whether there is any.... That's why the suggestion for three years was put in there. If you drag it out to five years, you don't get to see what happens immediately. It's the first push that's going to be significant. That gives you at least another 18 months. You might have more if they get their act together and get the regulations done earlier and so on. That's the reason we chose three years, just to speak to that part. That was our rationale.

The other part was of course to get it beyond an election, so that a new Parliament would take a look at it so that we could go down that road. This was something the previous government presented to try to make sure that diversity was being respected in corporate boards. I respect Brian's experience; he's been here a long time under Conservative and Liberal governments. This was something that we as a Conservative government felt was very significant and very important. I would hope one would see from some of the things we've tried to include in previous amendments that this is something that reflects our position and philosophy.

10:40 a.m.

Liberal

The Chair Liberal Dan Ruimy

We're out of time.

Just to clarify, we are continuing with Bill C-25 on the 21st. Any business that was previously scheduled will now be bumped forward to another time.

We're good. The meeting is adjourned.