Comment 76464

By Robert D (anonymous) | Posted May 04, 2012 at 08:04:43

I know of several provincial licenses across Canada which require criminal records checks on the directors and officers of a corporation to ensure that a "bad actor" is not perpetuating his past bad acts through the shelter of a new corporation. If these are valid considerations for licensing I don't see why they shouldn't be valid considerations for a grant/loan. If someone bilks the city of thousands of dollars should we look the other way when he incorporates a new company? Surely not. I agree such conditions need to be made part of the published process and criteria - we cannot just take this into consideration when we feel like it.

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