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Natural Resources committee I think we've negotiated commitments from the investor that we believe ensure the continued role of the firm in Canada and its continued meaningful participation in the industry.
June 2nd, 2023Committee meeting
Mark Schaan
Natural Resources committee DeNeige, do you want to speak to that?
June 2nd, 2023Committee meeting
Mark Schaan
Natural Resources committee We can come back to you on the number of full-time equivalents within the investment review division.
June 2nd, 2023Committee meeting
Mark Schaan
Natural Resources committee I can simply confirm that a national security review of this transaction was conducted under the factors that are considered in our national security guidelines.
June 2nd, 2023Committee meeting
Mark Schaan
Natural Resources committee I can simply confirm that a national security review of this transaction was conducted under the act.
June 2nd, 2023Committee meeting
Mark Schaan
Natural Resources committee I would confirm that a review was conducted on this transaction, which involved the responsible government departments and agencies, including Canada's security and intelligence community, led by Public Safety Canada, the Department of Innovation, Science and Economic Development and the Department of Natural Resources, as part of the review process.
June 2nd, 2023Committee meeting
Mark Schaan
Natural Resources committee Paper Excellence provided representations to Canada, including meaningful commitments to maintain Canadian representation on Resolute's board of directors and senior management team.
June 2nd, 2023Committee meeting
Mark Schaan
Natural Resources committee Mr. Chair, I would just note that obviously national security reviews are extraordinarily important and we take them very seriously. Obviously national security considerations are extraordinarily sensitive, which is why I'm not in a position to be able to reveal the specific details of the national security considerations in this transaction.
June 2nd, 2023Committee meeting
Mark Schaan
Natural Resources committee I'm not in a position to provide documentation related to the ownership structure of the company, because it's subject to the confidentiality provisions of the act.
June 2nd, 2023Committee meeting
Mark Schaan
Natural Resources committee The commitments made by the investor are part of their commitment in allowing the government to proceed with the investment. It includes ensuring that no fewer than two-thirds of the members of Resolute Canada's board of directors are Canadian. It includes ensuring that no fewer than three-quarters of Resolute Canada's senior managers are Canadian.
June 2nd, 2023Committee meeting
Mark Schaan
Natural Resources committee The ultimate controller is Mr. Jackson Wijaya Limantara.
June 2nd, 2023Committee meeting
Mark Schaan
Natural Resources committee A net benefit review on this transaction was not conducted.
June 2nd, 2023Committee meeting
Mark Schaan
Natural Resources committee The WTO relates to the nature of the firm—
June 2nd, 2023Committee meeting
Mark Schaan
Natural Resources committee Paper Excellence Group, which is the holding company, is a Dutch firm. It's a Dutch holding company.
June 2nd, 2023Committee meeting
Mark Schaan
June 2nd, 2023Committee meeting
Mark Schaan