Motion No. 3
That Bill C-4, in Clause 10, be amended by replacing line 22 on page 6 with the following:
“viour for terms that do not exceed five years and that are staggered so that not more than four terms will expire in any year.”
Motion No. 4
That Bill C-4, in Clause 10, be amended by replacing lines 34 and 35 on page 6 with the following:
“for one term not exceeding five years.”
Mr. Speaker, Motion No. 3 is an amendment to clause 10 which amends the terms held by the directors of the foundation.
As the legislation exists now, directors are appointed to terms of five years. The motion would ensure that terms are staggered in such a way that there would be a turnover of directors to bring in new ideas and prevent stagnation at the director level. In short, directors would serve staggered terms so we could bring in new directors. The directors would appoint new directors. We would continually bring in new ideas from professionals, university professors and many different segments in Canadian society.
At the same time, we would state that no more than four terms would expire in any year. That would mean continuity and that directors would never be left completely in a void. They would have some institutional memory of the board and would understand and have some knowledge of the history of the board. If we did not do that there would be a risk that they would lose that institutional memory. That is the reason for this amendment.
I would hope that the House and the members of the Liberal caucus and the government would support that amendment.