Madam Speaker, the government has no intention of taking action, but I believe, because of the response and reaction of shareholders to this situation in the last several months, one or two financial institutions have made available the compensation levels to shareholders. However, I do not think a great amount of detail has been given by management. I believe a global figure is being provided. I do not believe the minutia, the fine details, of each CEO's compensation has been given to those shareholders.
Clearly there is a role for the government to examine the whole area, and not take several years to do it. It should look at what has happened in the United States, where the whole financial services industry has been re-regulated. The government should show some leadership, some direction and at least set up a process to put some limitations on salaries and, beyond limitations, to disclose the corporate salaries to not only all the shareholders of the banks but the public as well.
Why do we continually have to go to the United States to get information on corporate salaries? It is not only corporate salaries, but there are many other areas where the Americans have much better disclosure rules than we have in Canada.