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.)

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On the agenda

MPs speaking

Also speaking

Andrée-Lise Méthot  Founder and managing partner, Cycle Capital Management, As an Individual

1 p.m.

Founder and managing partner, Cycle Capital Management, As an Individual

Andrée-Lise Méthot

Thank you, Ms. Blaney.

Ms. Sinclair‑Desgagnés, I left the board of directors in 2021 because I was asked to extend my mandate by one year, and I did not intend to stay. I therefore did not step down in the wake of revelations and reports. I had already been gone for several years by that time.

Rachel Blaney NDP North Island—Powell River, BC

Thank you for that.

We saw in the report from the Auditor General that there are some very significant concerns about what happened. I'm wondering whether you could talk me through what your experience was, how you feel and what your response is to those accusations.

1 p.m.

Founder and managing partner, Cycle Capital Management, As an Individual

Andrée-Lise Méthot

First, my response to those accusations is in the table you will receive. It sheds light on the conflict of interest issue. The Auditor General looked into situations that occurred in the past, but not at the time of the vote. My primary responsibility, above all, is to shed light on this issue.

Second, it is my responsibility to tell you that, based on what I saw as a member of the board of directors, it was relatively well disciplined, even if it wasn’t perfect, like every other board of directors. In fact, the SDTC team worked very hard to prepare files. I rarely saw files as well prepared as those were. SDTC showed a great deal of professionalism.

That said, I think the disappointment comes from changes proposed by the board of directors in the revised business plans sent to the minister. Those changes were supported by the executive officer. However, there was a disconnect between the foundation’s fundamentals and its evolution, because there had not been any updates. That led to a lack of alignment. You can feel it in the report. Personally, I find the situation very sad.

As for the rest of the allegations, I was not there. I therefore cannot say anything about allegations made by the whistle-blower or the human resources reports. I never heard them, and I was no longer a member of the board of directors.

Ms. Blaney, I hope I gave a good answer to your question.

Rachel Blaney NDP North Island—Powell River, BC

That was very helpful, and I appreciate it. I agree that this is very concerning.

I have one last question.

You talked a little bit in your response to me about some of the things that were happening during that period of your transition. Were there any warning signs for you as you were leaving that there might be concerns that would come out in the future?

1 p.m.

Founder and managing partner, Cycle Capital Management, As an Individual

Andrée-Lise Méthot

When I left my position, there wasn’t one.

Rachel Blaney NDP North Island—Powell River, BC

Thank you.

1 p.m.

Conservative

The Chair Conservative John Williamson

Thank you.

Again, I apologize for missing you inadvertently.

Mr. Cooper, you have the floor for five minutes, please.

1 p.m.

Conservative

Michael Cooper Conservative St. Albert—Edmonton, AB

Thank you, Mr. Chair.

Ms. Méthot, you have tabled with this committee a number of documents, which we haven't had the opportunity to review, that appear to contradict aspects of the findings in the Auditor General's report. Will you agree, in addition to tabling those documents with this committee, to also turn those documents over to the RCMP?

1 p.m.

Founder and managing partner, Cycle Capital Management, As an Individual

Andrée-Lise Méthot

I have nothing to hide.

1 p.m.

Liberal

Francis Drouin Liberal Glengarry—Prescott—Russell, ON

Mr. Chair, I have a point of order.

1 p.m.

Founder and managing partner, Cycle Capital Management, As an Individual

Andrée-Lise Méthot

I don’t know how to respond to that question.

1 p.m.

Conservative

The Chair Conservative John Williamson

There is a point of order.

Mr. Drouin, you have the floor.

1 p.m.

Liberal

Francis Drouin Liberal Glengarry—Prescott—Russell, ON

Again, Mr. Chair, we're conflicting two powers that are very well known in the Constitution. We're mixing judicial.... If the RCMP wants documents from Andrée-Lise Méthot, I know they can just get a search warrant very quickly if they feel the need to do so, but this tactic....

It’s a smear campaign, yet again.

1 p.m.

Conservative

The Chair Conservative John Williamson

Mr. Cooper, I'm going to turn the floor back to you for four and a half minutes.

The documents will be publicly available. Whether the witness wants to turn them over or not, the RCMP is going to be able to review them through our committee. They are being tabled. They'll be distributed to all of you, and they'll be publicly available, I hope, this afternoon.

You have the floor, Mr. Cooper, for four and a half minutes.

Michael Cooper Conservative St. Albert—Edmonton, AB

I invite the witness to answer my question.

1:05 p.m.

Founder and managing partner, Cycle Capital Management, As an Individual

Andrée-Lise Méthot

I think I put everything on the table. I had nothing to do with that. I do not understand your question. I don’t know why you—

1:05 p.m.

Conservative

Michael Cooper Conservative St. Albert—Edmonton, AB

I simply said that you managed to table a bunch of documents with this committee, so will you also just hand them over to the RCMP, yes or no?

1:05 p.m.

Founder and managing partner, Cycle Capital Management, As an Individual

Andrée-Lise Méthot

If the RCMP has questions, it will be my pleasure to answer them. There is no problem. I have nothing to hide from anyone, not you and not them.

1:05 p.m.

Conservative

Michael Cooper Conservative St. Albert—Edmonton, AB

Will you turn them over to the RCMP, yes or no?

1:05 p.m.

Founder and managing partner, Cycle Capital Management, As an Individual

Andrée-Lise Méthot

If the RCMP has questions, it will be my pleasure to answer them.

1:05 p.m.

Conservative

Michael Cooper Conservative St. Albert—Edmonton, AB

I take it the answer is no.

Iqra Khalid Liberal Mississauga—Erin Mills, ON

I have a point of order, Mr. Chair.

1:05 p.m.

Conservative

The Chair Conservative John Williamson

There is another point of order.

Go ahead, Ms. Khalid.

Iqra Khalid Liberal Mississauga—Erin Mills, ON

Mr. Chair, I have sat here and have watched the Conservatives go after our very esteemed witness.

1:05 p.m.

Conservative

Michael Cooper Conservative St. Albert—Edmonton, AB

I asked the witness a simple question, Mr. Chair.