Mr. Speaker, I said that it was a good sign that one of the big major banks in the last month had its annual shareholders' meeting and it invited the shareholders. That is a good sign to at least take a look at, not necessarily vet and approve, the salary of the chief executive officer, but at least they presented the information to the shareholders.
However, that should be regulated. Guidelines should be put in place. We should not just leave it up to the banks to do it whenever they feel like inviting the shareholders. That is not the way it should be. The shareholders own the shares to the company and they should have a right to find out what the CEOs' corporate benefits plans are all about and how much the CEOs are making.
That was the first bank to do that but I was told that the other banks will be following suit. However, that has nothing to do with the government. The government's laissez-faire, hands-off approach to the economy is essentially the attitude that the banks are private and they should deal with their own issues. I am saying no. In this one case, the bank did invite the shareholders in to take a look at their salaries, but they did not offer the shareholders the right to make any changes to them or reject them in any way, shape or form.