Mr. Speaker, given the vast impact of the natural resources sector on our entire economy, corporate governance in that sector is a crucial consideration.
When a Canadian company is bought out, who will sit in the boardroom subsequently directing what that company does? Will any new ownership be fully subject to all Canadian securities laws? Will the government insist on Canadians being added to the board of directors of the buying firm and a majority of Canadians remaining on the board of the firm being bought?