MPs ask whether Paper Excellence revamped board is Canadian enough

By Elizabeth Thompson
CBC News
May 15, 2023
Category: Business & Politics
Region: Canada

Members of Parliament are raising concerns after Canada’s new pulp and paper giant dismissed the previous board of directors of Resolute Forest Products and replaced it with a board dominated by longtime Paper Excellence executives. They are also questioning whether the new board satisfies the commitment Paper Excellence gave the federal government — that it would “maintain” a Canadian presence on Resolute’s board of directors. “NDP natural resources critic Charlie Angus. “We need to know who’s making the decisions here. They were allowed to take over Resolute, they made promises about the takeover of Resolute, that this was going to remain very much Canadian.” Seth Kursman, spokesperson for Resolute said two of the three current directors have Canadian citizenship and “all members of the Resolute executive team are also Canadian.” Industry Minister François-Philippe Champagne… said his department will be watching to ensure that the company keeps the promises it made when it acquired Resolute.

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