Finance committee  Thank you for the question. I'd like to start with a short word. In the investment industry, the cardinal rule that you have to follow is you have to know your client. So by definition, there are 17 million contributors to the CPP you can't know. That means that right from the g

Finance committee  That's my reason for giving the example. To me it's an example of an aberration that I'm really upset about. They're even going to borrow money to do it, which is even worse. The incentive programs lead them to that point, as far as I'm concerned.

Finance committee  Only tangentially, to the B.C. premier, but nothing beyond that.

Finance committee  Well, I'm working on the premise that the Minister of Finance takes the leadership in this particular issue, so I refine my representations to his office.

Finance committee  I would say that it's about 65% to 70%.

Finance committee  They are assets that are not market-related, so you can't define valuation properly, in my view, and the rest is made up of public markets--equities.

Finance committee  Yes, it would.

Finance committee  I'll go to conclusions. The CPP IB engages in speculations that are incompatible with the legislated mandate. Accountability to the beneficiaries is minimal to non-existent. The use of non-publicly-listed assets sabotages the confidence in the financial statements of the CP

Finance committee  Good morning, Mr. Chairman and members. Thanks for the opportunity to come here this morning. I come as a private individual. I took up this issue in 2002, so I come at it from an intellectual and moral perspective. What I'm trying to focus on is the Canada Pension Plan and th