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Fisheries committee  Clearly, as a crown corporation, it has fixed remuneration for board members. It's not quite a volunteer program, but almost, in terms of the remuneration. During this audit, board members were not sitting on their laurels. They were actually working very hard to bring to the att

October 31st, 2017Committee meeting

David Bevan

Fisheries committee  There could have been a quicker.... Under the model we operate in, we do not hire, nor can we dismiss, a president. We can't appoint board members, etc. We are constrained by the legal framework that we work within. It takes more time to bring the problem to the government, and t

October 31st, 2017Committee meeting

David Bevan

Fisheries committee  I think there are alternatives. If you were to privatize it, the difficulty there would be access to the market for those northern indigenous communities. If there are other potential models that could be considered by the government.... Again, it is not my position to tell the g

October 31st, 2017Committee meeting

David Bevan

Fisheries committee  They are about 2% of our supply.

October 31st, 2017Committee meeting

David Bevan

Fisheries committee  It's about 80%.

October 31st, 2017Committee meeting

David Bevan

Fisheries committee  That's similar to the case in Saskatchewan.

October 31st, 2017Committee meeting

David Bevan

Fisheries committee  I have to confess that in most of the communities we buy from, there is nobody on the wharf trying to push us out of the way. There is a potential if you have access to roads and if there are potential buyers, or depending on your species mix, you might be able to sell privately

October 31st, 2017Committee meeting

David Bevan

October 31st, 2017Committee meeting

David Bevan

Fisheries committee  That's correct, but if you're not signing a contract, that's not going to be part of the remuneration for your fish.

October 31st, 2017Committee meeting

David Bevan

Fisheries committee  At the moment, we are.

October 31st, 2017Committee meeting

David Bevan

Fisheries committee  That's absolutely correct, yes.

October 31st, 2017Committee meeting

David Bevan

Fisheries committee  It's just good business practice. The retained earnings are there to deal with economic shocks or the need to reinvest in equipment, etc., and we have done a lot of reinvestment over the period of 2010 to 2017, millions of dollars' worth—maybe $13 million.

October 31st, 2017Committee meeting

David Bevan

Fisheries committee  That's correct. The decision was made, in response to the 2010 audit, that we should have retained earnings equivalent to about 20% of our gross sales.

October 31st, 2017Committee meeting

David Bevan

Fisheries committee  We do in Saskatchewan, and we will in Manitoba.

October 31st, 2017Committee meeting

David Bevan

Fisheries committee  There are some who feel that way. There is some expense to being a crown corporation. You have the need to provide all the plans. You have the need to adhere to ATIP and all of the other policies of the Government of Canada, and that's not free. It comes at an expense. That be

October 31st, 2017Committee meeting

David Bevan