00:10:44 EDT Mon 06 May 2024
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Touchstone Exploration Inc (2)
Symbol TXP
Shares Issued 234,212,726
Close 2023-12-04 C$ 0.86
Market Cap C$ 201,422,944
Recent Sedar Documents

Globe says Strathcona's Waterous ducks embarrassment

2023-12-05 08:08 ET - In the News

See In the News (C-SCR) Strathcona Resources Ltd

The Globe and Mail reports in its Tuesday edition that the Alberta government disregarded a request from the board of the Banff Centre for Arts to remove its chair after an independent investigation found he had harassed the institution's chief executive officer. The Globe's Josh O'Kane and Alanna Smith write that the board's March 29, 2023, minutes, which show most of its members accepted the investigation's findings that then-chair Adam Waterous had engaged in "personal harassment" of CEO Janice Price, whose contract ended days later. While Alberta law prevented the governors of the postsecondary institution from removing Mr. Waterous on their own, the majority voted to censure him and to ask Minister of Advanced Education Demetrios Nicolaides to remove him. Instead of heeding their request, Mr. Nicolaides wrote a personal letter to famous oil man Waterous dated April 27, 2023, telling him, "You retain my full support," essentially siding with Mr. Waterous in a dispute over the CEO succession process. Mr. Waterous remained chair until late October, when, at his request, the new Advanced Education Minister, Rajan Sawhney, replaced the entire board with a single temporary administrator, Touchstone founder Paul Baay.

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