[All] Fw: Improvements for CPPIB

[water.lulu at yahoo.ca]

Knitting economic investments to environmental conservation. 
Lulu :0)

     
----- Forwarded Message -----
 From: "water.lulu at yahoo.ca" <water.lulu at yahoo.ca>
 To: Bardish Chagger <bardish.chagger at parl.gc.ca>; "bill.morneau at canada.ca" <bill.morneau at canada.ca>; "justin.trudeau at parl.gc.ca" <justin.trudeau at parl.gc.ca>; Elizabeth May <elizabeth.may at parl.gc.ca>; Tom Mulcair <thomas.mulcair at parl.gc.ca>; Premier of Ontario | Première ministre de l’Ontario <premier at ontario.ca>; Andrea Horwath <ahorwath-qp at ndp.on.ca>; MPP Catherine Fife (Kitchener-Waterloo) <catherinefife at on.ndp.ca>; Carolyn Bennett <carolyn.bennett at parl.gc.ca>; DionStéphane [NCR] <stephane.dion at parl.gc.ca>; MPP Daiene Vernile <dvernile.mpp.co at liberal.ola.org>; "csousa.mpp.co at liberal.ola.org" <csousa.mpp.co at liberal.ola.org>; "contact at cppib.com" <contact at cppib.com> 
 Sent: Monday, July 4, 2016 2:00 PM
 Subject: Improvements for CPPIB
   
Dear Ministers
Hello everyone. I have suggestions for policy changes to improve upon CPPIB investments and overall global financial security issues. 

1.The CPPIB focuses on long term investments locking projects into contracts that last for years, even decades. This model excludes investments in green energy sectors as well as small business investments while giving preferential treatment for big oil and big financial agencies.  We are at serious risk of stranded assets if we lack the power to revisit those big decisions on an annual basis so we need to create policies to address these issues. 
2. We need to open CPPIB investment to greater fiscal diversity of investment portfolios. Explore short term investment options to help support First Nation's communities, small business start ups and community investments in green energy. It's a wonderful time to invest in these things and it would help us reach our international commitments for the Paris Accord.
3. We might want to look at ideas like using CPPIB to create a Farm Trust to help protect Canada's farmland in perpetuity. Right now huge tracts of farmlands are being bought up all across Canada by multinational firms and it's important we invest in ourselves to protect our own food security and water security interests. With prices of farmlands going up with encroaching development it is difficult for young farmers to get into the industry. Creating a farm trust can facilitate reasonably priced land while supporting food production sectors. This idea could be linked with the Greenbelt or Blue Belt policies in Ontario to better protect watersheds for the long term. 
4. We are dealing in a culture with weak enforcement where the risk of getting caught is fiscally less than the profits that can be made in knowingly violating policies. Voluntary disclosure has little penalties. 95% of those caught plea bargain which has little incentive to stop repeat offenders. We need to start putting executives in jails rather simply rely on a light economic slap on the wrist. 
5. Canada Pension Plan monies are being invested to firms who finance cluster bombs and other illegal activities. We must scrutinize for these potential infringements to a greater depth before allowing tax payer investments in these firms and create strict prohibitions on such investments in compliance with our obligation to work in compliance with international laws. To view which firms we fund that violate these policies visit here:  http://coat.ncf.ca/ClusterBanking.htm
6. KMPG uses solicitors to hide shady fiscal practices of accountants behind solicitor/client laws. This has facilitated the rise of aggressive offshore tax havens. Although solicitor/client discussions are protected the CONDUCT of accountants must always be scrutinized. We need mandatory disclosure for when offshore transactions take place. The transfer of funds must be reasonably recorded. This used to be monitored by FINTRAC but the Supreme Court ruled it unconstitutional. The decision reiterated that warrant-less searches are "presumptively unreasonable," although it notes that Parliament "could devise a constitutionally compliant inspection regime" that wouldn't require a warrant.
7. Several years ago, Canadian securities regulators made changes to executive-compensation disclosure that added volumes to what shareholders received. At least one thing was taken away, though: Companies no longer had to disclose how much money their executives made in the prior year by exercising stock options.Just 26 per cent of companies in the S&P/TSX composite index disclosed option gains in 2010, the first year of the new rules, but the number rose to 48 per cent in 2013. (Interesting to note: One of the first firms to do this practice in Canada, was Onyx which is linked to Nigel Wright.) 
8. Omnibus Bill C-60 was passed on June 4, 2013 removed these specific CPPIB oversight regulations. The wording in the bill states: 
Division 17 R.S., c. F-11Financial Administration ActAmendments to the Act
(1.01) Divisions I to IV, except for sections 89.8 to 89.92 and 154.01, do not apply to the Canada Pension Plan Investment Board.

Now here are the policies that were REMOVED but NOT REPLACED:  

Order — unionized employees
   
89.8 (1) The Governor in Council may, by order, direct a Crown corporation to have its negotiating mandate approved by the Treasury Board for the purpose of the Crown corporation entering into a collective agreement with a bargaining agent for a bargaining unit.   
   -    
Power of Treasury Board

(2) If the Governor in Council directs a Crown corporation to have its negotiating mandate approved, the Treasury Board may impose any requirement on the Crown corporation with respect to that negotiating mandate.
   
   
   -    
Attendance and observation

(3) If the Governor in Council directs a Crown corporation to have its negotiating mandate approved, the Treasury Board may require that an employee under the jurisdiction of the Secretary of the Treasury Board attend and observe the collective bargaining between the Crown corporation and the bargaining agent, in which case that employee is entitled to do so.   
   - 
   
   
   -    
Collective agreement

(4) A Crown corporation that is subject to an order made under subsection (1) may enter into a collective agreement referred to in the order only with the Treasury Board’s approval.   
2013, c. 33, s. 229.   
   - 

Order — non-unionized employees
   
89.9 (1) The Governor in Council may, by order, direct a Crown corporation to obtain the Treasury Board’s approval before the Crown corporation fixes the terms and conditions of employment of its non-unionized employees who are not appointed by the Governor in Council.   
   -    
Power of Treasury Board

(2) If the Governor in Council directs a Crown corporation to obtain the Treasury Board’s approval, the Treasury Board may impose any requirement on the Crown corporation with respect to the terms and conditions of employment of those employees.   
   - 2013, c. 33, s. 229.

Offense

Fraud against Her Majesty
   
   -  154.01 (1) A director, officer or employee of a Crown corporation who, by deceit, falsehood or other fraudulent means, in connection with the collection, management or disbursement of money belonging to the corporation, defrauds the corporation of any money, securities, property or service is guilty of an indictable offense and liable on conviction      
      -  (a) if the amount of the money or the value of the securities, property or service does not exceed $5,000, to a fine not exceeding $5,000 and to imprisonment for a term not exceeding five years; or
      -  (b) if the amount of the money or the value of the securities, property or service exceeds $5,000, to a fine not exceeding that amount or that value and to imprisonment for a term not exceeding fourteen years.         
         -          
Employment


(2) A person who is convicted of an offense under subsection (1) in respect of a corporation is, after the time for final appeal has expired, ineligible to be an employee of the corporation.
   
2006, c. 9, s. 269.
It would be fiscally prudent and reasonable to either reintroduce these policies or replace them with equal measures to avoid Canada experiencing these fiscal risks.
I believe if we can accomplish these steps Canada's fiscal and environmental future will improve dramatically. 
Thank you
Louisette Lanteigne700 Star Flower Ave.Waterloo OntN2V 2L2
 


  
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