Proceedings of the Standing Senate Committee on
Banking, Trade and Commerce
Issue 13 - Minutes of Proceedings
OTTAWA, Wednesday, May 10, 2000
(21)
[English]
The Standing Senate Committee on Banking, Trade and Commerce met this day at 3:45 p.m. in room 505, Victoria Building, the Chair, the Honourable E. Leo Kolber, presiding.
Members of the committee present: The Honourable Senators Finnerty, Fitzpatrick, Furey, Hervieux-Payette, P.C., Kelleher, P.C., Kolber, Kroft and Tkachuk (8).
In attendance: From the Parliamentary Research Branch, Library of Parliament: Gerald M. Lafrenière, Research Officer.
Also present: The official reporters of the Senate.
WITNESSES:
From the Ontario Securities Commission:
Ms Susan Wolburgh-Jenah, General Counsel.
From the Certified General Accountants Association of Canada:
Mr. Bruce A. Hryciuk, First Vice-Chair, Board of Directors;
Mr. Mark Boudreau, Vice-President, Public and Government Relations;
Mr. Ian Fraser, Legal Counsel.
From the Canadian Bar Association:
Mr. John McIninch, Barrister and Solicitor, Torys;
Dr. Philip Anisman, Barrister and Solicitor;
Ms Joan Bercovitch, Senior Director, Legal and Governmental Affairs.
From the Canadian Institute of Chartered Accountants:
Mr. Michael Rayner, President;
Mr. Ross Walker, Chairman, Legal Liability Task Force;
Ms Diana R. Hillier, Director, Assurance Standards.
Pursuant to the Order of Reference adopted by the Senate on Thursday, April 6, 2000, the committee proceeded to study Bill S-19, to amend the Canada Business Corporations Act and the Canada Cooperatives Act and to amend other Acts in consequence. (See Issue No. 10, April 13, 2000, for the full text of the Order of Reference.)
Ms Wolburgh-Jenah made an opening statement and then answered questions.
Mr. Hryciuk made an opening statement and then, along with other witnesses, answered questions.
Mr. McIninch made an opening statement and then, along with other witnesses, answered questions.
Mr. Rayner made an opening statement and then, along with other witnesses, answered questions.
At 6:00 p.m. the committee adjourned to the call of the Chair.
ATTEST:
OTTAWA, Thursday, May 11, 2000
(22)
[English]
The Standing Senate Committee on Banking, Trade and Commerce met this day at 11:00 a.m. in room 505, Victoria Building.
Members of the committee present: The Honourable Senators Fitzpatrick, Furey, Hervieux-Payette, P.C., Kroft and Poulin (5).
Other senator present: The Honourable Senator Stratton (1).
In attendance: From the Parliamentary Research Branch, Library of Parliament: Gerald M. Lafrenière, Research Officer.
Also present: The official reporters of the Senate.
WITNESSES:
From the Ontario Municipal Employees Retirement Board:
Mr. Tom Gunn, Chief Investment Officer.
From the Ontario Teachers' Pension Plan Board:
Ms Jane Beatty, Legal Counsel, Investments.
From the Coalition for CBCA Reform:
Mr. David McAusland, Vice-President and Chief Legal Officer and Secretary at Alcan, and a member of the Coalition;
Mr. John Kazanjian, Partner, Osler, Hoskin & Harcourt and Counsel to the Coalition.
Pursuant to the Order of Reference adopted by the Senate on Thursday, April 6, 2000, the committee proceeded to study Bill S-19, to amend the Canada Business Corporations Act and the Canada Cooperatives Act and to amend other Acts in consequence. (See Issue No. 10, April 13, 2000, for the full text of the Order of Reference.)
The Clerk of the Committee informed honourable senators of the unavoidable absence of the Chair, Honourable Senator Kolber, and the Deputy Chair, Honourable Senator Tkachuk.
The Clerk of the Committee presided over the election of a senator to serve as Acting Chair in the absence of the Chair and Deputy Chair.
The Honourable Senator Kroft moved, -- That the Honourable Senator Furey be the Acting Chair of the Committee.
The question being put on the motion, it was adopted.
The Honourable Senator Furey took the Chair.
Mr. Gunn made an opening statement and then answered questions.
Ms Beatty made an opening statement and then answered questions.
Mr. Kazanjian made an opening statement and then, along with Mr. McAusland, answered questions.
At 12:35 p.m., the committee adjourned to the call of the Chair.
ATTEST:
Gary Levy
Clerk of the Committee