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

Issue 12 - Minutes of Proceedings

OTTAWA, Wednesday, February 12, 2003
(20)

[English]

The Standing Senate Committee on Banking, Trade and Commerce met at 4:05 p.m. this day, in room 257, East Block, the Chair, the Honourable Senator Kolber, presiding.

Members of the committee present: The Honourable Senators Biron, Fitzpatrick, Hervieux-Payette, P.C., Kelleher, P.C., Kolber, Kroft, Mahovlich, Moore, Oliver, Prud'homme, P.C., (10).

In attendance: From the Parliamentary Research Branch, Library of Parliament: Mr. Marc-André Pigeon, Researcher, Economic Division.

Also in attendance: The official reporters of the Senate.

Pursuant to the Order of Reference adopted by the Senate on Wednesday, October 23, 2002, the Committee continued its examination into the present state of the domestic and international financial system with particular emphasis on the Canadian perspective to the ENRON collapse. (See Issue No. 1, October 23-24, 2002, for full text of the Order of Reference.)

WITNESSES:

From the Advisory Group on Corporate Responsibility Review:

Mr. David McAusland, Senior Vice-President, Merger and Acquisitions and Chief Legal Officer, Alcan;

Mr. John Kazajian, Partner, Osler, Hoskin & Harcourt LLP.

From the Centre for Collaborative Government:

Mr. Donald G. Lenihan, Director.

Mr. Kazanjian and Mr. McAusland made a statement and answered questions.

Mr. Lenihan made a statement and answered questions.

At 5:55 p.m., the committee adjourned to the call of the Chair.

OTTAWA, Thursday, February 13, 2003
(21)

[English]

The Standing Senate Committee on Banking, Trade and Commerce met at 11 a.m. this day, in room 505, Victoria Building, the Chair, the Honourable Senator Kolber, presiding.

Members of the committee present: The Honourable Senators Angus, Biron, Hervieux-Payette, P.C., Kelleher, P.C., Kolber, Kroft, Meighen, Moore, Prud'homme, P.C. and Setlakwe (10).

Other senators present: The Honourable Senator Grafstein (1).

In attendance: From the Parliamentary Research Branch, Library of Parliament: Ms. June Dewetering, Acting Principal, Economic Division.

Also in attendance: The official reporters of the Senate.

Pursuant to the Order of Reference adopted by the Senate on Wednesday, October 23, 2002, the Committee continued its examination into the present state of the domestic and international financial system with particular emphasis on the Canadian perspective to the ENRON collapse. (See Issue No. 1, October 23-24, 2002, for full text of the Order of Reference.)

WITNESSES:

From PricewaterhouseCoopers Canada:

Mr. Kevin J. Dancey, Chief Executive Officer, Canadian Senior Partner.

As an individual:

Ms. Penny Collenette, Senior Fellow, Centre for Business and Government, Kennedy School of Government, Harvard University.

Mr. Dancey made a statement and answered questions.

Ms. Collenette made a statement and answered questions.

Pursuant to Appendix IV of the Rules of the Senate, the committee considered the Seventh Report of the Committee.

It was agreed, that the Seventh Report be adopted and that the Chair present it to the Senate.

At 1:00 p.m., pursuant to rule 92(2)(e) the committee met in camera to consider its future business.

At 1:05 p.m., the committee adjourned to the call of the Chair.

ATTEST:

Denis Robert

Clerk of the Committee