The Auditor General's Office noted that the current management had also inherited some subsidiaries from the old Department of Economic Development and Tourism and the original Development Corporation. The Auditor General added that the current management is trying to maintain those original businesses while at the same time trying to develop new ones.
The committee members noted the DevCorp originally had a number of social objectives, such as investment in high-risk ventures, and job creation in small, remote communities and regions.
Committee members suggested that subsidiaries with social objectives should be measured differently than those subsidiaries with strictly business objectives. This would improve the accountability process.
The committee added that if management and technical assistance programs and services were readily available to DevCorp businesses, it would likely result in a greater number of financially successful subsidiaries. Under the current DevCorp structure, once financial subsidies are transferred to their respective subsidiaries, the government's responsibilities are considered concluded.