Canada's Finance Minister Bill Morneau said on Thursday he will place his assets in a blind trust and divest all his stock in a publicly traded family business, amid opposition allegations that these holdings put him in a conflict of interest.
Questions about the assets of Morneau, the multimillionaire former chief executive officer of human resources management firm Morneau Shepell, have dogged the minister and led some to question whether he would be forced to resign.
His plan to adopt a blind trust follow weeks of backlash over a government attempt to reform small business taxes, which have become a major stumbling block for Prime Minister Justin Trudeau's two-year-old Liberal government.
Morneau said he had initially intended to put his assets in a blind trust - as Trudeau has - but had changed his mind after consultations with the ethics watchdog. He said he had "naively" believed that following the advice of the ethics commissioner was a high enough standard. - Reuters News
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Topic: Questions about the assets of Morneau (Read 995 times)