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FCC to consider personal integrity

September 8, 2008, Ottawa, Ont. –
New considerations will soon apply to the procedures of five crown
corporations – including ƒarm Credit Canada – when it comes to awarding
financial assistance.

September 8, 2008, Ottawa, Ont. – New considerations will soon apply to the procedures of five crown corporations – including Farm Credit Canada – when it comes to awarding financial assistance.
 
“The concerned crown corporations will immediately begin to review their policies and programs to ensure that due consideration is given to the personal integrity of persons applying for financial assistance or other benefits from the corporations,” said Agriculture Minister Gerry Ritz. “Due consideration will also be given to the effect that a proposed transaction would have on the corporation’s reputation and its ability to attract and retain other persons or entities to use the corporation’s services.”
 
“This provision will ensure that the government is diligent in helping responsible Canadians secure financial support to help grow the Canadian economy,” said Michael Fortier, Minister of Public Works and Government Services.
 
Other crown corporations concerned include the Business Development Bank of Canada, the Canada Mortgage and Housing Corporation, the Canadian Commercial Corporation, and Export Development Canada.