GATINEAU, QC, Feb. 22, 2018 /CNW/ - Corporate wrongdoing imposes significant economic, political and social costs on Canadians. Therefore, the Government of Canada is committed to protecting Canadians from corporate wrongdoing and to holding companies accountable for such misconduct.
Last fall, Canadians' views were sought on expanding Canada's toolkit to address corporate wrongdoing. Today, the Government released the results of the consultation.
During the course of the consultation, over seventy submissions were received and more than 370 Canadians, industry associations, businesses, non-governmental organizations and others participated.
Effectively addressing corporate wrongdoing protects the integrity of markets, addresses barriers to economic growth and promotes fair competition to ensure job growth for Canadians.
The Government of Canada will respond to this consultation by introducing legislation for deferred prosecution agreements to be implemented through judicial remediation orders, as an additional tool for holding corporate offenders to account. The Government will also bring forward enhancements to the Integrity Regime.
- The Government of Canada spends approximately $20 billion per year on procurement contracts, real property agreements, the management of Crown-owned properties and rental payments on 1,690 lease contracts across Canada.
- In 2015, the Government of Canada introduced its Integrity Regime. Other measures to safeguard procurements include regular procurement reviews, codes of conduct and fairness monitoring.
- The United Kingdom, France, Australia, and the United States currently have deferred prosecution agreements regimes.
- What We Heard Report
- Deferred Prosecution Agreement Discussion Paper
- Integrity Regime Discussion Paper
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SOURCE Public Services and Procurement Canada
For further information: Media Relations, Public Services and Procurement Canada, 819-420-5501, email@example.com