The Saskatchewan Chamber of Commerce would like to see Crown Corporations be true public companies. Provincial Chamber President Ted Hillstead says, “If the public owns the Crowns, thenthe provincial government should make them truly public through a plan of issuing shares to the taxpayers.”
Hillstead says the provincial government has always stated that the Crowns are owned by the taxpayers. He adds that, “If these Crowns then are truly public companies owned by the taxpayers, then they should be shareholders. The taxpayers should own shares in these companies and elect the Board of Directors. This would make the Crowns more accountable to their ultimate shareholders - the people of the province.”
Hillstead says a plan could be used that is similar to Cameco, or the Potash Corporation, where the government continues to own a minority position (49% or less) of the company, and the taxpayers are either issued shares or allowed to purchase shares at a preferred rate. Hillstead says, “This process could be even done with a smaller Crown or Treasury Board Crown, such as Liquor Board Stores as a pilot to prove the process will work and be beneficial to all.”
This is really great stuff. It's great to see the Saskatchewan Chamber of Commerce has a handle on that "vision thing."