The committee was concerned that the Northwest Territories Development Corporation did not have a corporate plan. A corporate plan would result in a more responsive, effective and auditable allocation of resources. The department agreed to supply a corporate plan of the Development Corporation once it is completed.
Committee members further pointed out that given the lacklustre investment history of the Development Corporation, the government might not be receiving value for money on its investment. The committee urges the Minister to review the Corporation's subsidiaries and looks forward to receiving and discussing the report with the Minister. That concludes the committee report. Thank you, Mr. Chairman.