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Serge Joyal

The Hon. Serge  Joyal, P.C., O.C., O.Q., B.A., LL.L., D.E.S., LL.M. Appointed to the Senate by the Rt. Honourable Jean Chrétien, Senator Serge Joyal represents the province of Quebec and the Senatorial Division of Kennebec. He has served in the Senate of Canada since November 26, 1997.

Statements & Hansard

Rights of Shareholders—National Securities Regulations

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Statement made on 01 February 2011 by Senator Céline Hervieux-Payette

Hon. Céline Hervieux-Payette:

Honourable senators, my question is for the Leader of the Government. Since the beginning of the economic crisis, the Conservative government has claimed to be the best manager of the Canadian economy. However, this statement quickly comes into question when we look at last year's Roadmap: the review of a crown jewel, Atomic Energy of Canada; abandonment of disabled Nortel employees; and, the worst part, record debt for Canadians. Basically, the Conservative government is putting business before people by reducing corporate taxes and by further reducing the taxes for oil companies.

I was not the least bit surprised to read in yesterday's The Globe and Mail that the shareholders' fundamental right to vote is largely being ignored by the government. The article described issues that frequently arise when shareholders' votes are counted.

Madam Leader, the business world should not be exempt from the democratic ethical rules that we so staunchly defend. You can understand that this poses serious problems during important votes on the future of a company and has a significant impact on the stability of our economy. How does the Conservative government plan to ensure respect for the fundamental right of shareholders to vote, as set out in the Canada Corporations Act, in order to eliminate any possibility of irregularities during a vote?

Please click here to read the full text of the Senator's question


Recent Statements from Liberal Senators

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17 May, 2012 | By Senator Roméo Dallaire | Honourable senators, yes indeed, you are going to have to put up with me for another 45 minutes, but I will try to do as my friends in the U.S. Marines taught me. I will try to power talk my way through this and curtail my time.

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17 May, 2012 | By Senator Roméo Dallaire | Has the Prime Minister developed a policy whereby he committed to monitor the Arctic, but now that it is time to allocate funding, he has changed his basic philosophy regarding the desire to move forward on the issue of Arctic sovereignty?

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17 May, 2012 | By Senator Claudette Tardif | Why would the government invest in infrastructure in the Arctic without a plan for keeping these important facilities operational?

National Round Table on the Environment and the Economy

17 May, 2012 | By Senator Elizabeth Hubley | Is this just another example of the government's preference for ideological rather than evidence-based decision making?
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