Industry committee  What I would say is that it somewhat duplicates what's actually happening in the market. I understand the argument for legislating this and applying it to all public companies. It's certainly not lost on us and is certainly something that we should discuss further, but I don't th

Industry committee  If I could jump in on that as well, I completely agree. One of the things that we have to recognize is that young professionals are probably more likely working in the high-tech sector, developing an app working in a garage somewhere, and they're going to be billionaires one day,

Industry committee  I'll start. I completely agree. There tends to be and has been for a long time a trend towards getting the same people on the same boards because you know who that person is, and you're friends. As Mr. Lobb suggested, you play hockey together, for instance. That is a problem. On

Industry committee  I think what happens once you start regulating all companies the same is that you're not recognizing that Canada's markets are very different. Not every company is a TSX 60 company. We have a lot of very small companies and issuers that should not be subjected to the same rules a

Industry committee  There are a couple of points. First, we believe that majority voting has been addressed through the TSX rule, and it applies to companies of significant size. It doesn't apply to venture companies, but there are very good reasons for that. For instance, not a lot of shareholder

Industry committee  Fair enough. What I would say is that it takes quite a while—

Industry committee  Am I the guinea pig?

Industry committee  I'll get back to your question about majority voting. You said that if we have thousands of people who are ready and willing to sit on boards, the switchover should be fairly easy. I take the point, but I think it's important to recognize that onboarding takes a while, that under

Industry committee  No, I wouldn't say that we're against say on pay at all. I think we're against legislating or regulating say on pay uniformly across the markets. I think that advisory say on pay votes within companies can be very helpful, if that's what the shareholders want and demand. I thin

Industry committee  No. We want to see some change now, particularly on diversity

Industry committee  I guess that's right.

Industry committee  I don't believe so.

Industry committee  With respect, I am not saying that the board should not diversify along other lines. What I said in my remarks was that, as it is written, a company could receive the signal that diversification of experience is the same thing as gender diversity. For example, if a white man who

Industry committee  The template you have before you is something that I filled out. I think 30% is something that we should be looking to achieve in the near to mid-term, and 2021 fits in that term. If you go online and you look at the template, you can choose. You could say that you're going to a

Industry committee  Absolutely. We market this to as many professions as possible and to as many backgrounds as possible. What we say around diversity, whether it's gender diversity or any other kind of diversity, is that it's performance, not conformance. We would never expect a board to put someb