Proceedings of the Standing Senate Committee on
Banking, Trade and Commerce

Issue 9 - Minutes of Proceedings

CALGARY, Wednesday, February 18, 1998

(15)

The Standing Senate Committee on Banking, Trade and Commerce met this day, at 9:05 a.m. in Salon A, Delta Bow Valley, Calgary, the Chairman, the Honourable Michael Kirby, presiding.

[English]

Members of the committee present: The Honourable Senators Austin, P.C., Hervieux-Payette, P.C., Kelleher, P.C., Kenny, Kirby, Meighen, St. Germain, P.C. and Tkachuk (8).

In attendance: From the Parliamentary Research Branch, Library of Parliament: Ms June Dewetering, Researcher, Economics Division.

Also present: The official reporters of the Senate.

WITNESSES:

From the Canadian Taxpayers Federation:

Mr. Mark Milke, Provincial Director for the Alberta division.

From Investment Dealers Association of Canada:

Mr. Philip Heimbecker, Past Chair, Alberta District Council.

From the University of British Columbia; Faculty of Commerce and Business Administration:

Professor Stanley Hamilton, Associate Dean; and

Professor Robert Heinkel, Vice-Chairman, Faculty Pension Plan.

Pursuant to the Order of Reference adopted by the Senate on Thursday, February 12, 1998, the Committee proceeded to study the governance provisions set out in the Canada Pension Plan Investment Board Act (previously Bill C-2). (See Issue No. 8, February 17, 1998, for the full text of the Order of Reference. )

Mr. Milke made an opening statement and then, answered questions.

Mr. Heimbecker made an opening statement and answered questions.

Professors Hamilton and Heinkel made opening statements in turn and then answered questions.

At 12:10 p.m., the committee adjourned to the call of the Chair.

ATTEST:

CALGARY, Wednesday, February 18, 1998

(16)

[English]

The Standing Senate Committee on Banking, Trade and Commerce met this day, at 1:05 p.m. in Salon A, Delta Bow Valley, Calgary, the Chairman, the Honourable Michael Kirby, presiding.

Members of the committee present: The Honourable Senators Austin, P.C., Hervieux-Payette, P.C., Kelleher, P.C., Kenny, Kirby, Meighen, St. Germain, P.C. and Tkachuk. (8)

In attendance: From the Parliamentary Research Branch, Library of Parliament: Ms June Dewetering, Researcher, economics Division.

Also present: The official reporters of the Senate.

WITNESSES:

From the University of Alberta:

Professor Randal Morck, Faculty of Commerce; and

Professor Allan Tupper, Department of Political Science.

Pursuant to the Order of Reference adopted by the Senate on Thursday, February 12, 1998, the Committee proceeded to study the governance provisions set out in the Canada Pension Plan Investment Board Act (previously Bill C-2). (See Issue No. 8, February 17, 1998, for the full text of the Order of Reference .)

Professors Tupper and Morck made opening statements and then answered questions.

At 2:20 p.m., the committee adjourned to the call of the Chair.

ATTEST:

Paul Benoit

Clerk of the Committee