Discussion · Government Orders
François-Philippe Champagne Liberal
“Our planned wealth fund will be independent from the government. It will have its own separate board. We looked at the best funds around the world to make sure we run it well.”
“Mr. Chair, my colleague is very learned in finance. There is a difference between the mandate, which we have said is very clear, and the governance, which we say is going to be independent. It will have its own separate board and will be independent from government. We know this is very important. When creating a sovereign wealth fund, governance is very important. The hon. member can be assured that we have consulted widely with funds around the world and we are integrating best practices because, again, we want to have a best-in-class fund that will serve the—”
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Mr. Chair, my colleague is very learned in finance. There is a difference between the mandate, which we have said is very clear, and the governance, which we say is going to be independent. It will have its own separate board and will be independent from government. We know this is very important. When creating a sovereign wealth fund, governance is very important. The hon. member can be assured that we have consulted widely with funds around the world and we are integrating best practices because, again, we want to have a best-in-class fund that will serve the—