moved for leave to introduce Bill C-345, an act to amend the Canada Business Corporations Act (qualification of directors).
Madam Speaker, the purpose of this private member's bill is to amend the Canada Business Corporations Act to limit to 10 the number of concurrent directorships that one person can hold at any time.
The responsibilities of a director are broad and very serious and as such there must be a point at which one cannot fully discharge those responsibilities without jeopardizing the interest of investors, the company or its employees.
Therefore I look forward to debating the bill with my colleagues in the House.
(Motions deemed adopted, bill read the first time and printed.)