Mr. Speaker, I referenced my years in the corporate sector prior to the privilege of being in the House. It was very true that what gets measured gets managed. If we measure the wrong things, then the wrong things get managed. It is the same thing when it comes to talent. Talent knows no boundaries, but that being said, we must make sure that everyone who has talent gets a chance to participate, that people are not excluded from being on corporate boards or indeed in management for the wrong reasons.
One of the best ways for shareholders to know what a company's policy is, is to see what it does. When this becomes law, as long as companies understand the government's intention of the definition of diversity, they will comply or they will have to explain to their shareholders, because the shareholders will be able to ask at the annual general meeting or at any time what they are doing in that regard.
It is really important that the comply or explain model be brought in. It provides accountability without telling companies exactly how to run their businesses.