This is a single
speech (committee meeting) resource
from the openparliament.ca API. If you’re new here, you might want to look at the documentation. If API and JSON are gibberish to you, you’re better off at our main site.
This is a single
speech (committee meeting) resource
from the openparliament.ca API. If you’re new here, you might want to look at the documentation. If API and JSON are gibberish to you, you’re better off at our main site.
{
"time": "2014-11-18 09:40:00",
"attribution": {
"en": "Mr. Gerry Gaetz",
"fr": "M. Gerry Gaetz"
},
"content": {
"en": "<p data-HoCid=\"3901776\" data-originallang=\"en\"> In today's governance structure, within the act and legislation, the CPA's board of directors is first chaired by the Bank of Canada and is majority-structured from members from financial institutions. </p>\n<p data-HoCid=\"3901777\" data-originallang=\"en\">Today there are 16 board members, only three of which are independent board members. The new structure is important in that it is a smaller board, so a more efficient board of 13. It will be chaired by an independent member and will have six additional independent members, so it will be a majority independent board. I will also sit on the board as an ex officio member and we will retain five board positions from our members. </p>\n<p data-HoCid=\"3901778\" data-originallang=\"en\">The notion is that it is a board that is more balanced. It is independent. It is a board that will be elected by the membership on a one vote per member basis, so in that sense, the size of the financial institution.... A large institution carries the same vote as a small institution. My belief is that this governance structure is more representative of the broader financial industry and from a payment standpoint will be reflective of some of the smaller and new entrants over time and the views thereof. Therefore, more efficient and majority independent are the key changes.</p>",
"fr": "<p data-HoCid=\"3901776\" data-originallang=\"en\">Dans la structure de gouvernance actuelle, et selon la l\u00e9gislation, le conseil d'administration de l'ACP est pr\u00e9sid\u00e9 par la Banque du Canada et compos\u00e9 majoritairement de membres d'institutions financi\u00e8res.</p>\n<p data-HoCid=\"3901777\" data-originallang=\"en\">Aujourd'hui, le conseil d'administration compte 16 membres, dont trois seulement sont des membres ind\u00e9pendants. Une des am\u00e9liorations \u00e0 la structure veut que le conseil d'administration ne compte que 13 membres, ce qui sera plus efficace. Le conseil sera pr\u00e9sid\u00e9 par un membre ind\u00e9pendant et comptera six autres membres ind\u00e9pendants \u00e0 son bord, qui seront ainsi en majorit\u00e9. Je vais \u00e9galement y si\u00e9ger \u00e0 titre de membre d'office et cinq postes seront r\u00e9serv\u00e9s \u00e0 nos membres.</p>\n<p data-HoCid=\"3901778\" data-originallang=\"en\">Le conseil d'administration sera d\u00e9sormais mieux \u00e9quilibr\u00e9 et plus ind\u00e9pendant. Sa composition sera soumise au vote des membres, un vote par membre, alors la taille de l'institution financi\u00e8re... Une grande institution financi\u00e8re aura le m\u00eame pouvoir de vote qu'une petite institution financi\u00e8re. Je pense que cette structure de gouvernance est beaucoup plus repr\u00e9sentative de l'ensemble de l'industrie financi\u00e8re, et pour ce qui est des paiements en tant que tels, elle permettra aussi de mieux repr\u00e9senter les nouveaux arrivants et les petits joueurs. Ce sera donc une structure plus efficace et \u00e0 majorit\u00e9 ind\u00e9pendante, et ce sont l\u00e0 les principaux changements.</p>"
},
"url": "/committees/finance/41-2/58/gerry-gaetz-2/",
"politician_url": null,
"politician_membership_url": null,
"procedural": false,
"source_id": "8507734",
"document_url": "/committees/finance/41-2/58/",
"related": {
"document_speeches_url": "/speeches/?document=%2Fcommittees%2Ffinance%2F41-2%2F58%2F"
}
}