Ferries bonus comp all bogus

It's time to put aside the notion that Crown corporations are publicly owned.

To the Editor,

Re: B.C. Ferries executives lose bonus plan.

It’s time to stop the flow of mis-information about the status of our Crown corporations.

Any Member of the BC Liberal government who does not understand that the BC Ferries system is a Crown corporation does not possess the basic pre-requisite to be a minister.

The shares of all our Crown corporations are owned by the BC government, making them Crown corporations not only in name, but also in fact.

It is also time to put and end to the silly notion that our Crown corporations are ‘publicly owned and privately managed’.

The boards of directors of our Crown corporations are not registered and bonded corporate entities that  have comprehensive, detailed contracts with the BC government to manage our Crown corporations.

The directors of our Crown corporations are in fact all government employees.

It is also clear that the BC Ferries board should never have had a free rein to pay anyone whatever it decided, including themselves, and to do whatever it wanted.

BC Ferries Board chairman Donald Hayes states in part that the bonus plan for executives is similar to Crown corporations, arrogantly ignoring the fact that the BC ferry system indeed is a Crown corporation.

The BC Ferries boards, past and present, have also managed to demonstrate an unusual level of incompetence that would never have been tolerated, had they been private contractors providing management services to the government.

While bonuses usually are considered as rewards for exemplary performance, the BC Ferries system has been and continues to be an incredible example of operational and financial incompetence.

Allowing the board to be monitored by an independent commissioner and reporting to a separate authority also borders the un-orthodox and is completely irresponsible.

It’s time for the BC government to deliver on its fiduciary responsibilities, take control of our Crown corporations, and provide the direction and leadership that has been desperately needed for a long time.

Andy Thomsen,

Summerland,B.C.

 

Just Posted

Moms of those killed by illicit opioids take to B.C. Legislature in call for action

Moms Stop the Harm, a nationwide network of families who have lost loved ones to overdoses rally

Alberni wrestler heads to University of the Fraser Valley to compete

Ravi Manhas is one of 10 recruits signed to the Cascades for 2018-19

Taxing Vancouver Island

Big Read: find out which communities are paying the lowest and highest taxes on Vancouver Island

UPDATE: Construction on Hwy. 4 halted after tree crashes into traffic

Trees are being cleared along the highway between Port Alberni and the Tofino-Ucluelet junction.

VIDEO: Canadian toddler caught practising hockey skills in crib

Eli Graveline is getting praise from far and wide as the internet freaks out of cute throwback video

Serial killer Robert Pickton transferred to Quebec: victim’s family

Pickton was convicted in December 2007 of six counts of second degree murder

Man shot dead in Surrey ID’d as hockey coach and father of two

Paul Bennett was ‘a champion for the sport,’ team manager says

Canadian Syrian children’s choir not to attend festival over fears about U.S. travel

Many kids are recent immigrants from countries covered by Trump travel ban

Amalgamation fails in North Cowichan and Duncan

North Cowichan says yes, but Duncan says no

B.C. teacher ends Jeopardy! winning streak, taking home US$69,000

Ali Hasan, from New Westminster, has been gaining fans as a “one-man invasion,” says Alex Trebek

Jett Woo highlights 5 Canucks choices on Day 2 of NHL entry draft

WHL star out of Moose Jaw tabbed in Round 2

In a matter of hours, women in Saudi Arabia will be allowed to drive

Change was announced as a royal decree in 2017 by Crown Prince Mohammen bin Salman

Most Read