Proceedings of the Standing Senate Committee on
Banking, Trade and
Commerce
Issue 17 - Minutes of Proceedings
OTTAWA, Tuesday, May 5, 1998
(28)
[English]
The Standing Senate Committee on Banking, Trade and Commerce met this day at 9:30 a.m. in Room 505, Victoria Building, the Chairman, the Honourable Michael Kirby, presiding.
Members of the committee present: The Honourable Senators Angus, Callbeck, Hervieux-Payette, P.C., Kelleher, P.C., Kenny, Kirby, Meighen, Oliver, Stewart and Tkachuk (10).
Other senator present: The Honourable Senator Di Nino.
In attendance: From the Parliamentary Research Branch, Library of Parliament, Mr. Gerry Goldstein, Director, Economics Division and Ms. Margaret Smith, Research Officer, Law and Government Division.
Also present: The official reporters of the Senate.
WITNESSES:
From William M. Mercer Limited:
Mr. Malcolm Hamilton, Principal.
From the Ontario Municipal Employees Retirement System:
Mr. G. Tom Gunn, Chief Investment;
Mr. Roger Richard, Chairman of the Board.
Pursuant to the Order of Reference adopted by the Senate on Wednesday, October 22, 1997, the committee resumed its examination into the state of the financial system in Canada and in particular its study of institutional investors. (See Issue No. 1, October 23, 1997, for the full text of the Order of Reference.)
Mr. Hamilton made an opening statement and then answered questions.
Messrs. Gun and Richard made opening statements and then answered questions.
At 11:50 a.m. the committee adjourned to the call of the Chair
ATTEST:
OTTAWA, Wednesday, May 6, 1998
(29)
[English]
The Standing Senate Committee on Banking, Trade and Commerce met this day at 6:10 p.m. in room 356-S, Centre Block, the Chairman, the Honourable Michael Kirby, presiding.
Members of the committee present: The Honourable Senators Angus, Austin, P.C., Callbeck, Hervieux-Payette, P.C., Kelleher, P.C., Kenny, Kirby, Meighen, Oliver, Stewart and Tkachuk (11).
In attendance: From the Parliamentary Research Branch, Library of Parliament, Mr. Gerry Goldstein, Director, Economics Division.
Also present: The official reporters of the Senate.
WITNESSES:
As Individual:
Mr. William Dimma, Director of several companies.
From the Association of Canadian Pension Management:
Mr. Michael Beswick, President, ACPM, Senior Vice-President, Pension Division, Ontario Municipal Employee's Retirement System (OMERS);
Mr. Jeffrey Graham, President Elect, ACPM, Counsel, Borden & Elliot Barristers and Solicitors.
Pursuant to the Order of Reference adopted by the Senate on Wednesday, October 22, 1997, the committee resumed its examination into the state of the financial system in Canada and in particular its study of institutional investors. (See Issue No. 1, October 23, 1997, for the full text of the Order of Reference. )
Mr. Dimma made an opening statement and then answered questions.
Mr. Beswick made an opening statement and then, along with Mr. Graham, answered questions.
At 8:05 p.m. the committee adjourned to the call of the Chair.
ATTEST:
Gary Levy
Clerk of the Committee