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This enactment amends the Export Development Act by
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(a) changing the name of the Corporation to Export Development
Canada and making consequential amendments to other Acts and to
regulations;
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(b) enabling the Board to delegate its powers and duties to
committees that it may establish, other than the executive commit
tee;
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(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;
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(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;
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(e) providing that the Canadian Environmental Assessment Act
cannot be made to apply to certain activities of the Corporation;
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(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
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(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.
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