SUMMARY

(a) changing the name of the Corporation to Export Development Canada and making consequential amendments to other Acts and to regulations;

(b) enabling the Board to delegate its powers and duties to committees that it may establish, other than the executive commit tee;

(c) requiring the Corporation, before entering into a transaction that is related to a project, to determine, in accordance with a directive established by the Board, whether the project is likely to have adverse environmental effects and, if such is the case, whether the Corporation is justified in entering into the transaction;

(d) requiring the Auditor General to audit the design and imple mentation of the directive established by the Board, at least once every five years;

(e) providing that the Canadian Environmental Assessment Act cannot be made to apply to certain activities of the Corporation;

(f) providing that an environmental assessment is not required under the Canadian Environmental Assessment Act where the Minister for International Trade, the Minister of Finance or the Governor in Council exercise certain powers with respect to the Corporation; and

(g) enabling the Board to make by-laws respecting the establishment of a pension plan for the officers and employees of the Corporation and their dependants.