Thank you, Madam Chair. I think that gets to the heart of what the BDIC is. I think, in the past, we've seen a number of boards that have kind of not used it as a development corporation. It has a number of subsidiaries under it that simply lose money year after year, and perhaps the corporation's purpose is to be a make-work project, but I view it as something that should be really a world-class development and investment corporation. I think there's a significant element of venture capital missing, finding other private equity firms. I guess, can the Minister update me on plans to work with this new CEO and the new board to get BDIC on track? Maybe we can move some of the losing ventures out of it and restructure them in a way such that they're not really weighing the organization down, because I don't think we're seeing the return on investments that I would expect to see from BDIC. So if the Minister could speak to that. Thank you, Madam Chair.
Rylund Johnson on Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on June 2nd, 2020. See this statement in context.
Consideration In Committee Of The Whole Of Bills And Other Matters
Consideration In Committee Of The Whole Of Bills And Other Matters
June 2nd, 2020
Page 977
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