POLS 2250 Lecture Notes - Lecture 25: Federal Accountability Act, Aboriginal Peoples In Canada, Internal Audit
24 Jun 2015
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Failed ps gsec: operational problems, lower than expected at storm games, lack of facility rentals, did not sell naming rights, lack of mall business, mid-2001 company had no money to pay principal & interest payments. 2 options for moving forward: terminate agreement, renegotiate partnership. City to pay taxes and loan payments until june 2005 (,000/year) June 2005 gcp ended partnership: public administration issues, additional costs to taxpayers ( million debt & million loan) Often politicians will say that you must carefully understand the costs and agreements between the partnerships: transparency lack of access to company books. We expect openness and tendency: risk must truly be shared. People question where the sharing of the risk takes place: poorly negotiated agreements. Anderson-comsoc affair: key details, p3 between ontario ministry of community & social services (comsoc) & Andersen consulting: common purpose procurement policy governs use of partnerships. Aim is to ensure better, more creative solutions.
