How about Fractal Systems?
Evidence of meeting #147 for Public Accounts in the 44th Parliament, 1st session. (The original version is on Parliament’s site, as are the minutes.) The winning word was sdtc.
A video is available from Parliament.
Evidence of meeting #147 for Public Accounts in the 44th Parliament, 1st session. (The original version is on Parliament’s site, as are the minutes.) The winning word was sdtc.
A video is available from Parliament.
Conservative
Founder and managing partner, Cycle Capital Management, As an Individual
Founder and managing partner, Cycle Capital Management, As an Individual
Conservative
Founder and managing partner, Cycle Capital Management, As an Individual
Yes.
Conservative
Founder and managing partner, Cycle Capital Management, As an Individual
Founder and managing partner, Cycle Capital Management, As an Individual
Conservative
Founder and managing partner, Cycle Capital Management, As an Individual
Conservative
Founder and managing partner, Cycle Capital Management, As an Individual
Conservative
Founder and managing partner, Cycle Capital Management, As an Individual
We never have been.
Conservative
Founder and managing partner, Cycle Capital Management, As an Individual
Conservative
Rick Perkins Conservative South Shore—St. Margarets, NS
Why are all these listed as conflicts of interest by the Auditor General?
Founder and managing partner, Cycle Capital Management, As an Individual
Thank you very much for your question.
Here's what I did during all those years: I declared real conflicts and potential conflicts. Every time the board met, we received a list. We got 1,200 files, and if someone on our team reviewed the file, I declared a potential conflict of interest. Typically, the analysis takes about eight to 15 weeks. Every case was different. At the time of the vote on the COVID‑19 measures, we had already made the decision, sometimes years before, not to invest in those companies. I was therefore not in a conflict of interest, and we were not investors.
The Auditor General was very clear in her report. She said, “During those 2 votes, in 63 cases, directors voted while having previously declared [potential] conflicts of interest. For about a third of these situations, directors informed us that they no longer had a conflict of interest at the time of the votes.” That applies to me. We are not investors in 22 of the 23 companies listed.
Conservative
Rick Perkins Conservative South Shore—St. Margarets, NS
Thank you.
Are you an investor in Terramera?
Founder and managing partner, Cycle Capital Management, As an Individual
Conservative
Founder and managing partner, Cycle Capital Management, As an Individual