Yes.
Debates of March 22nd, 1994
This is page numbers 753 - 787 of the Hansard for the 12th Assembly, 5th Session. The original version can be accessed on the Legislative Assembly's website or by contacting the Legislative Assembly Library. The word of the day was development.
Topics
Committee Motion 31-12(5): To Adopt Recommendation 10, Carried
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 774
John Todd Keewatin Central
Committee Motion 31-12(5): To Adopt Recommendation 10, Carried
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 774
Committee Motion 31-12(5): To Adopt Recommendation 10, Carried
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 774
Kelvin Ng Kitikmeot
Why is the amount of $250,000 the amount that has to be generated by the corporation? Thank you.
Committee Motion 31-12(5): To Adopt Recommendation 10, Carried
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 774
Committee Motion 31-12(5): To Adopt Recommendation 10, Carried
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 774
John Todd Keewatin Central
Probably that is what they have determined to the be cost of a chief executive officer or a vice-president of finance to run a $50 million corporation. I think that's it.
Committee Motion 31-12(5): To Adopt Recommendation 10, Carried
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 774
Committee Motion 31-12(5): To Adopt Recommendation 10, Carried
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 774
Kelvin Ng Kitikmeot
Thank you, Mr. Chairman. In the justification it also says that, to date, the Development Corporation has $32 million worth of assets, which is a fairly significant amount of assets for any company in the north. Why would the department have to continue to support this venture when there are other entities out there that require support that don't have any asset base at all? Thank you.
Committee Motion 31-12(5): To Adopt Recommendation 10, Carried
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 774
Committee Motion 31-12(5): To Adopt Recommendation 10, Carried
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 774
John Todd Keewatin Central
I was requested to do it by the presidents of the Development Corporations. There are a significant amount of assets in the hands of 100 Inuit families. I felt it was important to maintain the financial security of this operation and it wasn't done to the detriment of any other group. Thank you.
Committee Motion 31-12(5): To Adopt Recommendation 10, Carried
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 774
Committee Motion 31-12(5): To Adopt Recommendation 10, Carried
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 775
Kelvin Ng Kitikmeot
Mr. Chairman, a final question to the Minister. The justification indicates that financial institutions have been assured that Mr. Graham will continue to be seconded for the next two years. I would like to ask him why this assurance was given, given that our budget process only allows for approvals on a yearly basis?
Committee Motion 31-12(5): To Adopt Recommendation 10, Carried
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 775
Committee Motion 31-12(5): To Adopt Recommendation 10, Carried
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 775
John Todd Keewatin Central
When you are refinancing with banks, as Mr. Ng knows full well, you need to demonstrate to the banks that you have solid fiscal management in place. I believe this is what this is all about.
Committee Motion 31-12(5): To Adopt Recommendation 10, Carried
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 775
Committee Motion 31-12(5): To Adopt Recommendation 10, Carried
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 775
James Arvaluk Aivilik
Thank you, Mr. Chairman. The Minister told the standing committee that two people were being trained to take over Mr. Graham's position. The justification stated that there were two involved in CEO training. How many people were being trained to take over? One or two? Did both of them leave?
Committee Motion 31-12(5): To Adopt Recommendation 10, Carried
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 775
Committee Motion 31-12(5): To Adopt Recommendation 10, Carried
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 775
John Todd Keewatin Central
I'm told that they've just recruited a new trainee, and they're confident that this trainee will stay with the job and will meet the fiscal requirements. We're optimistic that we can conclude that as quickly as possible so that this secondment can be over and done with. Thank you.
Committee Motion 31-12(5): To Adopt Recommendation 10, Carried
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 775
Committee Motion 31-12(5): To Adopt Recommendation 10, Carried
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 775
James Arvaluk Aivilik
How much did you spend in succession training? Were people trained with no commitment to work for the organization after they were finished?
Committee Motion 31-12(5): To Adopt Recommendation 10, Carried
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 775
Committee Motion 31-12(5): To Adopt Recommendation 10, Carried
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 775
John Todd Keewatin Central
My understanding is the training was done internally, but with Piruqsaijit funding and is being done that way. Thank you.
Committee Motion 31-12(5): To Adopt Recommendation 10, Carried
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 775
Committee Motion 31-12(5): To Adopt Recommendation 10, Carried
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 775
James Arvaluk Aivilik
Do you have any information about why succession plans weren't developed and implemented earlier, instead of so late in the period?
Committee Motion 31-12(5): To Adopt Recommendation 10, Carried
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 775
Committee Motion 31-12(5): To Adopt Recommendation 10, Carried
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 775
John Todd Keewatin Central
I can merely speculate, Mr. Chairman. My speculation would be that they were on a fast-track growth pattern in terms of their asset base and they were too busy reorganizing and trying to put financial packages together, that there wasn't sufficient time to do the training. That is purely speculative. I would have to ask them directly. Thank you.