Thank you.
Thank you, Chair.
Welcome, Mr. Ferguson, and congratulations on your first audit. Welcome to the other guests as well.
I'd like to focus on chapter 6, “Special Examinations of Crown Corporations—2011”.
As indicated by my colleague Mr. Shipley, the government managed $375 billion worth of assets, hence the importance of this. This chapter essentially presents the main points of special examination reports on three crown corporations that were completed and published in 2011.
Quoting from your statement this morning, Mr. Ferguson, you said that:
We found no significant deficiencies in the systems and practices of the Canadian Dairy Corporation, the Canadian Race Relations Foundation, and the Public Sector Pension Investment Board.
Focusing on that last organization specifically, the Public Sector Pension Investment Board, we support the continued good work of the PSPIB and its prudent and responsible management of public service pension funds.
The Public Sector Pension Investment Board is responsible for managing the retirement savings of the public service, the Canadian Forces, the RCMP, and reserve forces. The examination of this board included in chapter 6 concluded that the board's operations were carried out effectively.
Sir, can you highlight some of the board's best practices?