Results of 9 Special Examinations completed in 201819

Crown corporation

Tabling date

Significant deficiencies noted

Standards Council of Canada

Spring 2020

Significant deficiency in corporate governance

         Several vacancies and expired terms on council

         Quorum was at risk for 2 committees

         Council did not receive information for adequate oversight

 

Canadian Commercial Corporation

 

Spring 2020

No significant deficiencies

National Museum of Science and Technology

Spring 2019

Significant deficiency in collections management

         Poor condition of facilities

         No plans to tackle backlog of uncatalogued items

         Not following their own conservation requirements

 

Marine Atlantic Inc.

Spring 2019

Significant deficiency in corporate governance (outside its control)

         Government approved 5-year corporate plans only 1 year at a time, and often late within that 1 year

         Concern over funding for long-term fleet renewal

 

Canada Post Corporation

Spring 2019

No significant deficiencies

Business Development Bank of Canada

 

Spring 2019

No significant deficiencies

Canada Mortgage and Housing Corporation

Fall 2018

Significant deficiency in corporate governance (combined weaknesses)

         4 vacant board positions in 2017

         Board had gaps in breadth and depth of certain competencies

         No Chartered Professional Account on Audit Committee

         Board did not seek training or use experts

         Board did not sufficiently oversee the IT transformation or assisted housing business line

 

Canada Development Investment Corporation

Fall 2018

Significant deficiency in corporate governance

         Equivalent to Chief Executive Officer was not appointed by the Governor in Council

         Subsidiary board member did not disclose potential conflict of interest

 

Canada Council for the Arts

Fall 2018

No significant deficiencies

 

Note: In the cases in which Crown corporations did not have significant deficiencies, our examination still made recommendations in the areas in which they could improve their systems and practices.