Members of Parliament are raising concerns after Canada’s new pulp and paper giant dismissed the previous board of directors of Resolute Forest Products and replaced it with a board dominated by longtime Paper Excellence executives.
They are also questioning whether the new board satisfies the commitment Paper Excellence gave the federal government when it approved its takeover of Resolute — that it would “maintain” a Canadian presence on Resolute’s board of directors.
“I think Canadians are waking up to the fact that a company that has very unclear ownership, that has ties directly to Shanghai and to Indonesia, may be controlled by a family
